Choosing Bankruptcy Legal Document Services From Let Us Help
Let Us Help is ready to help individuals and businesses alike manage their debts in a way that best suits their needs per federal and state laws. In California, debtors can file for bankruptcy pro se – that is, without legal presentation – and our bankruptcy document preparation services strive to provide clients with debt relief or repayment plans that fit their needs and budget.
What is Bankruptcy?
A bankruptcy filing requires a judge as well as a court trustee to evaluate the possibility of debt discharge for Chapter 7 filers, or the viability of a repayment or restructuring plan for Chapter 13 and Chapter 11 filers. Bankruptcy allows for the erasure of debt so that clients can start over financially, recoup their losses, and rebuild their credit.
We offer the bankruptcy document preparation and filing services for:
Chapter 7 Bankruptcy
You may hear this type of bankruptcy referred to as a liquidation or straight bankruptcy. Chapter 7 filings are designed to relieve filers from unsecured debts like credit card payments, medical bills, and debt from utilities. Chapter 7 bankruptcy does not affect debts like child support, alimony, student loans, or certain tax obligations. This type of filing is ideal for low-income individuals seeking debt relief.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy filings assist business owners in reorganizing their debts in a repayment plan while keeping the business open. The terms of this type of filing are subject to the obligations laid out in the debtor’s reorganization plan. Chapter 11 filings are easily the most complex of the three major categories of bankruptcy filings but can be more beneficial for small businesses than a Chapter 13 bankruptcy in some cases.
Chapter 13 Bankruptcy
This type of personal bankruptcy filing is well-suited to individuals who make enough money to repay debts rather than erase them outright. Chapter 13 filings are much more likely to protect assets like homes or vehicles than a Chapter 7, so long as debtors stick to a three- to five-year repayment plan. This option also offers more long-term financial benefits because it covers both secured and unsecured debts.
Whether you need assistance with California bankruptcy document preparation to cover personal or business debts, Let Us Help is here to assist you. For more information about our bankruptcy legal document services, or to get a quote for your specific needs, you can call LETUSHELP (951-521-1988).