Personal bankruptcy

no debt no stress bankruptcy help

Bankruptcy can help you…



  • Wipe out credit card debt
  • Get rid of overwhelming medical bills
  • Discharge auto deficiencies
  • Wipe out personal liability from foreclosures
  • Stop foreclosure in its tracks
  • End wage garnishments

What is bankruptcy?  Bankruptcy is the legal process to eliminate debt or resolve outstanding debt through the protection of the federal bankruptcy court. 

Are there different types of bankruptcy?  Bankruptcies are commonly divided into two types a chapter 7 and chapter 13.  A chapter 7 bankruptcy is typically done in 90 days (usually 1 court meeting) and is designed to allow people to wipe out qualified debt while at the same time, to keep or "exempt" property up to certain limits.  A chapter 13 bankruptcy is typically for higher income earners who do not qualify for a chapter 7 bankruptcy and who create a "plan" to pay back all or a portion of their debt to their creditors.

Chapter 7 BankruptcyLearn moreA Chapter 7 bankruptcy is commonly referred to as a liquidation bankruptcy. It is a fast and straight forward process. To qualify for a Chapter 7 your income and expenses must meet certain criteria and you must have relatively low asset value. However, people regularly keep their cars, homes, and retirement accounts when they file bankruptcy.  

Chapter 13 Bankruptcy – Learn more.  A Chapter 13 is for higher income earners who don't qualify for a Chapter 7 bankruptcy and who submit a "plan" to the bankruptcy court to repay part or all of their debt.

Ready to get started?  

To learn more about the bankruptcy process and which bankruptcy is right for you contact Sacramento bankruptcy Attorney Michael Johnson for a no charge case review.  

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