Chapter 7

Chapter 7 Bankruptcy in San Diego

freedom_0Sometimes known as “liquidation bankruptcy,” Chapter 7 Bankruptcy is the most sought-after bankruptcy chapter of all Shawn A. Doan’s clients.  Chapter 7 allows for the speedy discharge and deletion of almost all debts, with very few exceptions.

If you complete the free online Case Evaluation, you will be on the right track to learn about which of your debts will survive.  The entire process of Chapter 7 lasts 3-4 months and only requires you to attend one brief meeting with a bankruptcy trustee.  Chapter 7 allows you to have a fresh start, and it quickly restores previously damaged credit scores, often by 100 or more points.

Chapter 7 FAQ
Every wondered what it takes to file for Chapter 7 bankruptcy in San Diego?
What happens after you file? 

Who can file a Chapter 7 bankruptcy petition?
In Southern California, almost any person, partnership, or corporation may file a chapter 7 bankruptcy petition if that person lives, has a domicile, a place of business, or property in the United States. If you were given access to or denied a Chapter 7 discharge in a prior case within the last 8 years, you might not be entitled to receive a discharge in a subsequently filed Chapter 7 bankruptcy in California.

What happens if I file a Chapter 7 bankruptcy?
Filing a petition with the bankruptcy court commences a Chapter 7 bankruptcy proceeding in Southern California. The individual who is filing a Chapter 7 is referred to as the “debtor.” The debtor’s obligation is to disclose to the court all of his or her property and debts and relinquish all nonexempt property to the bankruptcy trustee, who then converts it to cash for dispersement to the creditors. The debtor then receives a discharge of all dischargeable debts.
What is the general process in consumer bankruptcy cases?
In a Chapter 7 bankruptcy case, Shawn A. Doan will file several forms with the bankruptcy court disclosing your property, income and expenses, debts and property transactions. The Bankruptcy Court will appoint a person who is assigned to oversee your case.  This individual is called a “Trustee.” About 30 days after your case is filed, we will accompany you to the “Meeting of Creditors” where the trustee reviews your case, verifies your identity, and may have a few basic questions.  This is actually a brief meeting that creditors very rarely attend.  A couple of months later, you should receive a notice from the court that “all debts that qualified for discharge were discharged.”

Is Emergency Filing Available?
Emergency Bankruptcy Filings can in most cases be filed instantly and at any time to stop creditors before a foreclosure, wage garnishment, or lawsuit can take place. Additional fees will apply, but are usually well worth the instant relief it provides.

How do I know if I should file Chapter 7 Bankruptcy?
Fill out your Free Online Case Evaluation and Shawn A. Doan will help you determine if Chapter 7 is the best possible financial solution for you.