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

If you are struggling financially and looking to speak with a Nevada 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 Nevada County

Nevada County is a county located in the Sierra Nevada of California, in the Mother Lode Country. As of 2010 its population was 98,764. The county seat is Nevada City.

Nevada County was created in 1851 from parts of Yuba County.

The county was named after the mining town of Nevada City, a name derived from the term "Sierra Nevada." The word nevada is Spanish for "snowy" or "snow-covered."

Nevada City was the first to use the word "Nevada" in its name. In 1851 the newly formed Nevada County used the same name as the county seat. The bordering state of Nevada used the same name in 1861. The region came to life in the Gold Rush of 1849. Many historical sites remain to mark the birth of this important region in California's formative years. Among them are the Nevada Theatre in Nevada City, the oldest theater built in California in 1865. It operates to this day and once hosted Mark Twain among other historical figures. The Old 5 Mile House stagecoach stop built in 1890, also operates to this day as a provider of hospitality spanning three centuries. This historical site still features "The stagecoach safe" that is on display outside the present day restaurant and is the source of many legends of stagecoach robbers and notorious highwaymen in the California gold rush era. The gold industry in Nevada County thrived into the post WWII days.

The county had many firsts and historic technological moments. The first long-distance telephone in the world, built in 1877 by the Ridge Telephone Company, connected French Corral with French Lake, 58 miles (93 km) away.[2] It was operated by the Milton Mining Company from a building on this site that had been erected about 1853. The Pelton wheel, designed to power gold mines, still drives hydro-electric generators today. Nevada City and Grass Valley were among the first California towns with electric lights. The Olympics, NASA, and virtually every television station around the country utilizes video/broadcasting equipment designed and manufactured by Grass Valley Group, founded in Grass Valley. Electronic medical dosing equipment was first developed and manufactured in Nevada County.[citation needed] The first commercially viable picture-phone was developed in Nevada City.[citation needed] More than fifty high tech and applied tech companies, and more than one thousand hardware and software design and development professionals call Nevada County home. The county is sometimes referred to as the "Silicon Valley of the Sierras." The arcade video game was born in Nevada County, with Pong.

The county has substantial areas of forest, grassland, savanna, riparian area and other ecosystems. Forests include both coniferous as well as oak dominated woodland types. There are also numerous understory forbs and wildflowers including the Yellow Mariposa Lily (Calochortus luteus).

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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.