One of the most accurate—and unhelpful when trying to get out of debt—is this tip: avoid debt in the first place.
Debt is straightforward to come by these days.
It can come from an education, a car, living beyond your means, or home. And it can pile on if you pair any of those significant sources of debt with a low income, bad budgeting, gambling, illness, no savings, divorce, or depending on credit cards.
And while it is easy to come by, figuring out how to get out of debt is not.
A Fast Resolution To Your Insolvency
The benefits of filing bankruptcy often offset the risks when you have depleted your resources. Among the advantages of filing bankruptcy are:
- Regain Financial Stability
- Protect Your Family & Assets
- Stop Creditor Harassment
- Stop Wage Garnishments
- Stop Foreclosures & Repossessions
- Pay off Credit Card Debt
- Wipe Out Medical Bills
- Wipe Out Paydays Loans
- Wipe Out Utility Bills
- Improve Your Credit Score Over Time
Here at the Law Offices of Ronald E. Stadtmueller, we aim to help you achieve freedom from debt and make a fresh start. We are a top-of-the-line Bankruptcy Law Specialist in San Diego. Let us evaluate your present financial situation and discuss the options available so you can start to regain control today.
On the other hand, the United States Bankruptcy Code provides relief for consumers and businesses. Each has different eligibility requirements and various advantages in particular circumstances. The most familiar types of bankruptcy are the following:
Chapter 7 bankruptcy. If your spouse and yourself own few assets and earn relatively low wages, Chapter 7 bankruptcy grants you relief from debts by liquidating your assets. We can work out asset exemptions to limit your life’s interference.
Chapter 11 bankruptcy. If you own a partnership, corporation, or sole proprietorship, Chapter 11 bankruptcy allows your business to continue running while you pay creditors under a court-ordered payment plan. Our office helps you keep the business you struggled so hard to build.
Chapter 13 bankruptcy. This option can stop lenders from taking your house through foreclosure. Chapter 13 allows you to keep your toilsome assets and pay debts over time in smaller amounts.
If bankruptcy is the wise choice for you, our attorney will guide you through the process from start to finish.
Attorney Ronald E. Stadtmueller received his Juris Doctorate from California Western School of Law after finishing his baccalaureate degree in Business Administration, with an emphasis in finance, from the University of Wisconsin – Oshkosh. He is a Bankruptcy Law Specialist and has been Certified by the State Bar Of California. Ronald successfully argued and helped create a “new law,” which allowed a debtor upside down in his home to reveal unsecured deeds of trust from his home. Thus, a debtor may be able to banish junior liens on his home when the value of his house is less than the first mortgage, in re Geyer 203 B.R. 726 (Southern District in California 1996).
Ronald is authorized to practice law in all courts of California. He is a member of the San Diego County Bar Association and San Diego Bankruptcy Forum, where he previously represented as a Board of Directors member. Ronald has lectured, moderated, and served on bankruptcy discussion panels during state and local Bar seminars.
Attorney Stadtmueller is a member of the standing panel of bankruptcy trustees for the Southern District of California, including both Imperial counties and San Diego. Before his return to California, Mr. Stadtmueller served as a Chapter 13 bankruptcy trustee for the Eastern District of Texas. He is a Chapter 7 bankruptcy trustee as well.