Are you in over your head in credit card debt? Is your phone always ringing from creditors? Are you unsure of where to turn? A Santa Cruz Bankruptcy lawyer may have the answers you need. A Santa Cruz Bankruptcy attorney can give you the help you need with any bankruptcy matter. The attorney will guide you through the process and explain the laws and functions of the case. They can give you relief from pressing debt.

When filing for bankruptcy, your bankruptcy attorney will give you general information about the five chapters of bankruptcy and which best suits you. Chapter 7 deals with liquidation. Chapters 9, 11, 12, and 13 deal with debtor rehabilitation which involves a court-approved reorganization plan and a schedule of payment plans. Your bankruptcy attorney can decide what plan is best for you and guide you through the process.

A Chapter 7, also known as straight bankruptcy, is one in which many are familiar. It deals with the liquidation of your assets in order to pay outstanding debts. Your bankruptcy attorney from Santa Cruz will help you turn over non-exempt assets, turning them into cash to pay your creditors.

A chapter 9 is a federal process for resolving municipal debts. This includes cities, villages, towns, school districts and counties. Chapter 11 is similar to Chapter 9 except that it is for commercial businesses. The business is allowed to keep running while repaying its debts to its creditors.

With more and more farmers losing their livelihood, Chapter 12 can help by giving them a much needed break. A Santa Cruz lawyer that focuses on bankruptcies can turn in a debt relief plan which stretches out the payments for over three years. If more time is needed, the court can approve up to a five year extension.

To both consumers and individuals, Chapter 13 can give much needed debt relief. Most widely used, Chapter 13 allows you to keep valuable assets, like your home and car, while still paying off your debts. This plan of action will be considered at a confirmation hearing and will be either approved or disapproved.

You can put a stop to all those call from creditors. A Santa Cruz Bankruptcy attorney can help. The process of bankruptcy does not have to be complicated. A Santa Cruz Bankruptcy lawyer will make the process as simple as possible for you and choose the right chapter for you.