Mono County Bankruptcy Attorney - Expert Personal and Corporate Bankruptcy Lawyers serving Mono County, California.

If you are struggling financially and looking to speak with a Mono County bankruptcy attorney, you've come to the right place. The Attorney Group can help you eliminate your credit card debt, pay day loans, personal loans, medical bills and other bills and debt. 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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A bankruptcy is an opportunity for many debtors to be relieved of constant harassing phone calls from creditors and collection agencies, the threat of lawsuits, levies, seizures and impending foreclosure. Though you should definitely explore other options to getting your debt under control, 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 a Chapter 7 liquidation or a Chapter 13 reorganization.


Chapter 7 Liquidation

Chapter 7 can be utilized by individuals, married couples, businesses and corporations. It is a liquidation of your debts and possible relinquishment of certain assets if found to be nonexempt. 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 do have to qualify for a Chapter 7 proceeding if your debts are primarily consumer and not business by proving that your income is low enough so that you cannot pay your debts. 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 of your debts, regardless if you plan on repaying a certain debt or not. 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 debts, 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, so that your debts, to some degree, are paid within either a 3 or 5 year plan. There are limits to the amount of secured and unsecured debt you have. Consult with your attorney if your debt is unusually high. 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.


About Mono County

Mono County /ˈmoʊnoʊ/ is a county located in the east central portion of the U.S. state of California, to the east of the Sierra Nevada between Yosemite National Park and Nevada. As of the 2010 census, the population was 14,202, up from 12,853 at the 2000 census. The county seat is Bridgeport.

The only incorporated town in the county is Mammoth Lakes, which is located at the foot of Mammoth Mountain. Other locations, such as June Lake, are also famous as skiing and fishing resorts. Located in the middle of the county is Mono Lake, a vital habitat for millions of migratory and nesting birds. The lake is located in a wild natural setting, with pinnacles of tufa arising out of the salty and alkaline lake.

Mono County was formed in 1861 from parts of Calaveras County, Fresno County and Mariposa County. Parts of the county's territory were given to Inyo County in 1866.

The county is named after Mono Lake which, in 1852, was named for a Native American Paiute tribe, the Mono people, that inhabited the Sierra Nevada from north of Mono Lake to Owens Lake. The tribe's western neighbors, the Yokuts, called them monachie meaning "fly people" because fly larvae was their chief food staple and trading article. Archeologists know almost nothing about the first inhabitants of the county, but the Kuzedika had been there many generations by the time the first anglophones arrived. The Kuzedikas were hunter-gatherers and their language is a part of the Shoshone language.

Mono used to be a Republican-leaning county in Presidential and congressional elections but has become more of a swing county in recent elections, going for John Kerry by an extremely slim margin of seven votes in 2004. In 2008, Barack Obama did substantially better, receiving 739 more votes (a 13.3% margin) than Republican candidate John McCain. Prior to 2004, the last Democrat to win a majority in the county was Franklin Roosevelt in 1940.

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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.