Bankruptcy filing per capita in California as of 2011 was 6.34. For that same year, 74 percent of those were Chapter 7 filings. Some of the more common reasons why people file for bankruptcy includes unexpected medical bills, unemployment, accident and divorce which made them acquire debts.
Basically you can choose from the two types of personal bankruptcy filings, Chapter 7 and Chapter 13. Chapter 7 is liquidation while Chapter 13 is reorganization. Chapter 7 is where your debts will be erased while Chapter 13 is where you are given the chance to pay your debt in terms that you can afford. You need to find a good bankruptcy attorney Orange County CA so that your choice of filing will be granted by the court, such as if you choose chapter 7 Los Angeles bankruptcy. Moreover, some debts can be erased by bankruptcy. These are student loan debts, domestic support obligations and debts resulting from criminal actions. Again, you need to have a good bankruptcy attorney orange county CA so that most of your debts can be erased.
In order to find a good bankruptcy attorney orange county ca, you can use the internet. There you will find a list of orange county bankruptcy attorney or bankruptcy attorney Los Angeles California. You should then visit as many bankruptcy attorney los angeles as you can so that you can see which among them can best represent you.
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