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.

What is the Chapter 7 Timeline?

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.

How Soon After Filing Chapter 7 Can You File Again?

With Chapter 7 bankruptcy you will have to wait for eight years before you are able to file for Chapter 7 again. This is because you do not have to repay your dischargeable debt. The eight year waiting period starts on the original filing date and you can file up to three times in your life.

How We Can Help You!

Facing financial challenges can be overwhelming, and when debts spiral out of control, seeking a fresh start through Chapter 7 bankruptcy might be a viable solution. In such circumstances, having a knowledgeable Chapter 7 bankruptcy lawyer by your side can make a significant difference. Here's how these legal professionals can assist you:

Financial Assessment: Your lawyer will conduct a thorough evaluation of your financial situation, determining if Chapter 7 is the best fit.
Eligibility Guidance: Receive expert advice on eligibility criteria, including income and means tests.
Asset Protection: Navigate exemption laws with your lawyer to protect your assets and maximize what you retain.
Document Handling: Let your lawyer handle the meticulous paperwork, ensuring accurate and timely filing.
Creditor Communication: Your lawyer can communicate with creditors, relieving you of the stress of constant contact and negotiations.
Representation at Proceedings: Count on your lawyer to represent you at meetings and hearings, safeguarding your rights.
Post-Bankruptcy Guidance: Even after discharge, your lawyer can provide valuable advice on rebuilding credit and financial stability.

Retain Our Experienced Bankruptcy Attorneys Today

Fear Waddell, P.C. employs the skills of two attorneys who are certified specialists in bankruptcy law by the State Bar of California. When it comes to getting out of debt as quickly and efficiently as possible, you'd be hard-pressed to find anyone better. We have filed more than 1,000 Chapter 7, Chapter 11 and Chapter 13 bankruptcy cases in the last ten years. If you're ready to join the ranks of those we've freed from the overwhelming burden of debt, call our Fresno bankruptcy attorney today!

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The initial consultation is free! Contact us at (559) 418-3022 to schedule an appointment.

Understanding Chapter 7 Bankruptcy in Fresno: Local Insights and Resources

Living in Fresno can present unique financial challenges, especially with the rising cost of living and economic fluctuations affecting many families and businesses in the area. If you're feeling overwhelmed by debt, you’re not alone. Many residents in Fresno County are seeking relief through Chapter 7 bankruptcy, a process that can help you regain control of your financial future.

Local government resources, such as the City of Fresno and the Fresno County website, provide valuable information on financial assistance programs and community resources that can help you navigate your financial difficulties. These entities understand the local economic landscape and can offer guidance on available support.

Common pain points for Fresno residents include job instability, high housing costs, and unexpected medical expenses. These factors can quickly lead to financial strain, making it essential to explore options like Chapter 7 bankruptcy. This process allows individuals to eliminate unsecured debts, providing a fresh start and the opportunity to rebuild your financial health.

At Fear Waddell, P.C., we recognize the specific challenges faced by our Fresno community. Our team is dedicated to helping you understand your options and guiding you through the Chapter 7 bankruptcy process. We are here to ensure that you are informed and supported every step of the way, so you can focus on what matters most—your future.

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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.