Chapter 7 Serving Families Throughout Fresno

Fresno Chapter 7 Bankruptcy Attorney

Experienced Legal Assistance with Chapter 7 Bankruptcy in Fresno County

If you're buried in debt and can see no light at the end of the tunnel, it may be time to consider filing for bankruptcy. For those living in Fresno and the surrounding areas, Fear Waddell, P.C. is a great place to start. Our Fresno debt relief lawyers are problem solvers through and through. We will explain all of your options for getting out of debt and help you identify the one that suits you.

Reasons To Choose Our Fresno Law Office

  • Extensively Experienced Lawyers
  • 1,000+ Bankruptcy Cases Successfully Handled
  • Free Consumer Case Consultations Provided
  • Board Certified Legal Professionals 

Talk to a lawyer today by contacting Fear Waddell, P.C. at (559) 418-3022.

What is Chapter 7 Bankruptcy?

The most straightforward form of bankruptcy is known as Chapter 7. Chapter 7 is typically preferred because you are able to disregard your debt without having to make payments. There is no limit to the amount of debt you need in order to qualify. In exchange for the liquidation of your non-exempt assets, it can provide the near total elimination of debt in just a few short months. To determine which assets are exempt and which assets are not, the state of California uses two exemption systems. The filer must choose which of the two to use. Generally speaking, System 1 is a better fit for those with substantial home equity, and System 2 makes more sense for those whose wealth lies elsewhere. 

Who is Eligible for Chapter 7 Bankruptcy?

There are many requirements when it comes to eligibility for filing Chapter 7:

  • You must be an individual, a spouse, or a business entity (partnership, corporation, or limited liability company).
  • You must pass the "means "test". This determines if your monthly income exceeds the California state median and if your disposable income falls below a certain level. If you do not pass, Chapter 13 may be an option.
  • You must complete a credit counseling course 180 days before filing.
  • You must pay the filing fee to the Bankruptcy Court.

What Are the Benefits of Filing Chapter 7?

The advantages of Chapter 7 include:

  • Freeing yourself from major debts in as little as 3 months
  • Halting foreclosure
  • Stopping creditor harassment in its tracks
  • Keeping your house and car
  • Getting a chance to rebuild your credit score

Tell us about your particular situation in a free consumer case evaluation and we can get back to you with helpful advice.

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Why Choose Fear Waddell, P.C.?

  • Board Certified Bankruptcy Attorneys
  • Free Consumer Consultations
  • 1,000+ Bankruptcy Case Filings
  • Decades of Combined Legal Experience

Testimonials

Serving Fresno, CA Since 2014

    "Excellent attorney. I give an A+"
    I am a senior citizen and Gabriel took me by hand, guided me through the process of bankruptcy with patience, caring and most of all he cared about my feelings and the stressful time I was going through.
    - Former Client
    "Highly recommended."
    If Bankruptcy is absolutely your only option and Dave Ramsey's program is too far out of sight, or in my case, a start-up business gone sour, I would HIGHLY recommend Gabe Waddell and the staff over at Fear Law Group.
    - Former Client
    "Thank you so much for all your help through the stressful time."
    He's very professional, informative, answered whatever questions I had, a great listener and returned phone calls promptly.
    - Sandi
    "Professional, comfortable environment run by top shelf people."
    From the moment we started this, though, Peter Fear and the staff there made us feel comfortable and removed the worry and confusion that we were expecting would overwhelm us.
    - Gerone
    "I am extremely happy that I found Peter Fear."
    Peter was a consummate professional, advising me on the process and guiding me through the steps. He answered every question quickly and clearly, which gave me the utmost confidence that my decisions were the correct ones to make.
    - Former Client
    "Attorney Waddell and his excellent staff have been fantastic to work with."
    They do everything within their power to work with the client's special timelines and do everything possible to make the process flow smoothly and efficiently.
    - Cynthia
    "I am beyond grateful to Mr. Fear and Mr. Waddell for their help during a tumultuous time."
    Many of the other attorneys in our hearing were not prepared, missing documents and ultimately ended up being rescheduled. Peter was prepared and the proceedings moved forward without incident.
    - Craig
    "Peter Fear is the best attorney out there."
    He helped guide us through a very difficult and trying time in our life and answered all of our questions and got us through it, and we are forever grateful to Mr. Fear and his staff for everything.
    - R.N.