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You might be hesitant to file bankruptcy or wonder if it is the right time to do so. If you are here, you are already heading in the right direction by seeking answers.

Filing for Chapter 7 bankruptcy may be a means for you to get some creditors’ relief and start fresh with your finances if you are overwhelmed by past-due medical bills, credit card debt, and other overwhelming expenses.

The Law Offices of Ronald E. Stadtmueller: Helping You Understand And Use Chapter 7 Bankruptcy

At the Law Offices Of Ronald E. Stadtmueller, our certified State Bar Chapter 7 bankruptcy lawyers have more than 30 years of experience helping people overcome and navigate financial setbacks. Allow us to discharge you of your debt

Bad debts can make every day feel like a struggle. You are not trapped under obligation forever, though. With Chapter 7 bankruptcy, you can discharge most or all of your debt to feel in control again financially.

Obtaining a Chapter 7 bankruptcy filing approval has a few steps. Here in the Law Offices of Ronald E. Stadtmeuller, we will advocate on your behalf, deal with creditors, and interact with the court. Contact the office to explore your bankruptcy options without having to stress yourself out.

We have a Chapter 7 bankruptcy attorneys team who focus on cases like yours. We believe everyone deserves a fair chance at living debt-free. Through our representation and experienced legal counsel, you can discover if bankruptcy is your best solution.

If you are ready to discuss your options for filing for Chapter 7 bankruptcy, contact any of our offices at Rancho Bernardo, Mission Valley, San Marcos, or La Jolla today. Our legal counsels will be straightforward with you about what to expect, and we will be honest if we feel bankruptcy is not the right route for you.

How Can We Help You?

Contact our professional legal counsels today or contact us online to schedule. We handle each case individually; we are not a bankruptcy mill.   

A. What Is Chapter 7 Bankruptcy? 

The United States Bankruptcy Code has multiple chapters or forms of bankruptcy that allow people to discharge certain debts. For one, Chapter 7 bankruptcy is a form of bankruptcy for people who want to eliminate as much debt as possible. This is the most common form of bankruptcy.

However, Chapter 7 is not for everyone with debt. We typically recommend Chapter 7 to individuals with immense debt when other debt resolution options will likely not work. No matter your situation’s details, we will not rush you. Our team takes pride in finding the best choice for everyone who comes to our office while always putting their apprehensions at ease.

  1. Benefits & Downsides of Chapter 7 Bankruptcy

Chapter 7 bankruptcy could be what you need to get lasting, real debt relief. The Benefits of Chapter 7 bankruptcy are as follows:

  • Ability to discharge at once larger amounts of debt; 
  • No accountability to repay a debt percentage of that; 
  • Once approved, debt discharge happens quickly;
  • While your case is pending, creditors cannot harass you; and
  • A “fresh start” can brace you.

On the other note, every legal process can come with disadvantages. Chapter 7 bankruptcy is no exception. Two disadvantages of Chapter 7 bankruptcy are:

  1. Property risks. Unprotected assets and property could be at risk. Our attorneys will focus on protecting your property to the full extent the laws allow. If there is a risk, we will discuss it with you to offer your best options.
  2. Credit score damage. Filing for bankruptcy can be harmful to your credit score. However, it is always possible to repair your credit score. Most decreases are only temporary. Remember that most people considering bankruptcy already face credit score issues before filing.

Deciding to pursue a Chapter 7 bankruptcy filing will be easier when you know more about the potential advantages and challenges. Our Chapter 7 attorneys are happy to help you explore and understand these factors in more detail.

C. Chapter 7 Means Test

For one to qualify for Chapter 7 bankruptcy relief, you must satisfy the court’s means test, which calculates your income and expenses compared to the median income in California. If you are not eligible for Chapter 7 bankruptcy, Chapter 13 may be available. Law Offices of Ronald E. Stadtmueller, your Chapter 7 bankruptcy solution in San Diego, can help you determine whether you are eligible for Chapter 7 bankruptcy and if it is your best solution for dealing with your debts.

Explore Your Bankruptcy Options Today The Law Offices of Ronald E. Stadtmueller is ready to help you see the benefits of Chapter 7 bankruptcy. From the first moment you work with our law firm, you will notice how much more straightforward bankruptcy can be when you have the support of experienced legal professionals who also offer genuine help. Together, we can find a path to financial stability for you and your family.

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