Rockport Bankruptcy Attorney - Expert Personal and Corporate Bankruptcy Lawyers serving Rockport, California. If you are struggling financially and looking to speak with a Rockport bankruptcy attorney, you've come to the right place. We will stop lawsuits, stop garnishments, stop, bank account levies, stop judgments and stop foreclosures. We have 36 locations to meet you in California.
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Toll Free 1(888) 754-9877 Available 7 Days a Week 7am to 9pm 36 LOCATIONS IN CALIFORNIA A bankruptcy is an opportunity to be relieved of constant harassing phone calls from creditors and collection agencies. Consulting with a bankruptcy attorney to see if a bankruptcy might be your best option, to determine if you qualify for relief and which chapter is appropriate based on your particular circumstances is essential. There are many misconceptions regarding bankruptcy. As a consumer or small business owner, you have the option of Chapter 7 liquidation or Chapter 13 reorganization. Chapter 7 Liquidation Chapter 7 can be utilized by individuals, married couples, businesses and corporations. In most consumer and small business cases, however, you are able to retain most if not all of your personal assets. Also, filing automatically stays or stops all collection activities. You have to qualify for a Chapter 7 proceeding. Your monthly income must be lower than the median income for your state. In California, the median income for a single individual is $47,798 and for two, $62,009. Otherwise, your disposable income must be low enough to qualify. This is determined by deducting your monthly expenses from your average monthly income over the past 6 months. If it is too high, you may still consider a Chapter 13 petition. In any bankruptcy, you must list all your creditors. You must also have not transferred any substantial property within 90 days of filing or within one year if such transfer was made to a relative or business partner or the court can void it. A list of your monthly expenses and assets is also required. You are entitled to certain exemptions regarding your personal assets so that the trustee will not seize them for the benefit of your creditors. For example, you can exempt a motor vehicle, much if not all of your home equity, retirement accounts, bank accounts, furniture, tools of your trade and other items. Consult with our expert bankruptcy lawyer about what exemptions are available to you. You must also take an approved credit counseling class before filing and a personal financial management class before your discharge. Most discharges occur about 4 months after you file. Your unsecured creditors, such as credit cards and medical expenses, are dischargeable. Chapter 13 Reorganization If your disposable income is too high, or if you wish to continue operating your small business, or you face foreclosure of your home, then a Chapter 13 is an option. You must have a steady income, though, to some degree, are paid within either a 3 or 5 year plan. The length of your repayment plan depends on your income. If it exceeds the state’s median, your plan will likely be 5 years. A chapter 13 can save your home from foreclosure provided you can make your regular monthly mortgage payments while repaying your arrearages over the life of the plan. Any second mortgage would be discharged at the termination of the plan if all is otherwise successful. Further, you can have past due taxes, student loans and child support payments paid off within the plan as well. Bankruptcy protection might be the relief you are seeking. Consult with an experienced bankruptcy attorney about your particular circumstances and to see if filing for bankruptcy is the right decision for you. |
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Daniel J King, Esq.
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About Rockport
Rockport (formerly, Cotineva) is an unincorporated community in Mendocino County, California. It is located 7.25 miles (12 km) north-northwest of Westport, at an elevation of 30 feet (9 m).
Rockport started as a small company town serving the timber industry on the Pacific Ocean coast among redwood forests in Northern California. The community is regarded as the southern end of the Lost Coast region; it is where State Highway 1, which runs very close along the coast for most of its length, instead turns inland before merging with U.S. Route 101 at Leggett.
Around 1877, William R. Miller constructed the first sawmill at Rockport, then called Cottoneva. The mill boasted a double circular saw, edger, and planer, with the mill having a capacity of 20,000 board feet (1,700 cu ft or 50 m3) of lumber per day. An unusual aspect of the site was a 270-foot (80 m) wire suspension bridge, built in 1877 to connect the mainland to a small island in the ocean. Ships bound for San Francisco and other ports would call at this island, sometimes called Pelican Island, to pick up the milled lumber, which would be brought across the bridge from the mainland by train.
Miller sold his mill in 1886 to the Cottoneva Lumber Company, who lost the mill to fire in 1900. Around 1907, the New York and Pennsylvania lumber Company acquired Cottoneva and built a new mill destroyed by fire in 1912. Between 1924 and 1926, the Finkbine-Guild Lumber Company from Jackson, Mississippi modernized the town and built a new electric sawmill and a logging railroad. They abandoned operations in 1927 and, facing financial ruin, their assets were acquired by the Great Southern Lumber Company of Bogalusa, Louisiana to form the Southern Redwood Company. After a decade of bankruptcy, the mill reopened in 1938 as the Rockport Redwood Company (a subsidiary of an association of Kansas and Oklahoma lumber retailers headed by Ralph Rounds.) The railroad was dismantled in 1939. The sawmill burned again in September, 1942, but reopened in July, 1943. Rough cut lumber was trucked to Fort Bragg, California, for shipment over the California Western Railroad. Rounds built a lumber seasoning yard and finishing plant in Cloverdale, California in 1948. When its sawmill closed for the last time in 1957, Rockport was a town of about 500 people with a company store, a community town hall, and a company doctor, as well as employee housing. A post office operated at Rockport from 1888 to 1903, from 1926 to 1934, and from 1938 to 1957. The town hall was also used for dances, a movie theatre, and local plays. There was also a grade school that went from grades 1 thru 6. As the school house only had three classrooms, each room had two grades. 1st and 2nd grade in one classroom, 2nd and 3rd in one, and 5th and 6th in another. Seventh graders and higher were bused to Ligget Valley High School. As of 1997 the old school house was still standing. It is the only building left in Rockport. All other homes and buildings had been bulldozed 30 or 40 years ago.
Georgia-Pacific Corporation purchased the Rockport site and Rounds' Cloverdale milling operation in 1967. Harry Merlo was vice president and general manager of the firm of Rounds and Kirkpatrick at the time of purchase. In 1971 Merlo became executive vice president of Georgia-Pacific's western lumber and plywood operations. Federal Trade Commission action initiated in 1972 required Georgia-Pacific to transfer California Assets to a newly formed Louisiana-Pacific Corporation with Harry Merlo as its president. Mendocino Redwood Company acquired Rockport from Louisiana-Pacific in 1998.
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LOCATION DISCLAIMER: The Attorney Group has a main office in Anaheim Hills, California. All other addresses are local offices available on an advanced appointment basis for meetings and depositions.