Important information about bankruptcy in Sacramento
Sacramento and the surrounding areas are home to numerous bankruptcy attorneys. However, only the attorneys at Maxey | Kaminski can provide the competent and comprehensive services our clients have come to know us for. Do not be fooled by firms offering cut-rate prices for below average services. While others may be looking to take advantage of your financial hardship, our goal is to serve our client’s needs to the fullest extent of the law. We accomplish this by analyzing every aspect of a client’s case, not just through bankruptcy, but also consumer protection laws that may give you legal recourse and statutory damages against creditors and debt collection agencies.
When You Should Consider Declaring Bankruptcy
How bankruptcy affects you
What to Do Before Filing for Bankruptcy
Stop making payments on all consumer debts and contact an attorney. If creditors are calling you and/or sending letters advise them that you are consulting a bankruptcy attorney. If you have been served with a lawsuit to collect on an outstanding debt do not wait to contact us. Failure to act immediately could result in a judgment against you that could be used to levy your personal property, place a lien on your home and/or garnish your wages.
What is the process of Filing for Bankruptcy?
Types of Personal Bankruptcy
- Chapter 7 – Eliminates most unsecured debt such as credit cards, medical bills, leases, and lawsuits
- Chapter 11 – Reorganizes debt for those who are over the debt amount allowed in Ch. 13
- Chapter 13 – Reorganizes debt and allows you to catch up on mortgage payments, taxes, child support, and spousal support over 3 to 5 years
- Chapter 12 – Reorganizes debt for farmers and fishermen
Be Aware of Your Rights
Creditors and collection agencies often use harassing and illegal tactics to collect debts. Just because a debt is owed does not mean anything goes when it comes to collection. If you are being harassed, threatened, or otherwise treated unfairly the creditor and/or collection agency may be violating your rights under federal law such as the Fair Debt Collection Practices Act or state law such as the Rosenthal Act. Violations of these laws could give you a legal cause of action against your creditors in addition to the discharge of debt you are entitled to under the Bankruptcy Code. Call us today to see if your rights are being violated.