If you file for Chapter 7 , most of your unsecured debts are written off within 90 days of filing. The bankruptcy will stay on your credit report for 10 years. While debts will be forgiven, you’ll have to sell some of your property, with the proceeds distributed to your creditors. In most cases, this means you’ll lose your home (if you own it), as well as any expensive items such as art and jewelry, and pricey consumer electronics.

Due to today’s economic climate, the threat of having to file for bankruptcy has become an unkind reality for many people who never thought that they would find themselves in that unenviable position.  In 2005 laws were passed in order to dissuade bankruptcy filings, however, after a brief decline those same filings are now at or beyond pre-2005 levels.  If you now find yourself to be among those needing assistance with their financial situation please call the Law Offices of Sakaida & Bui.

The Law Offices of Sakaida & Bui can help you through an uneasy process.  Afterall, our sole mission is to provide assistance in a difficult time.  Our knowledgeable attorneys can advise you not only if filing for bankruptcy is right for you, but what type of would be most effective in your particular case.  We will walk you through the process step by step and ensure that you have all the information and support that you need to allow you to get the fresh start that you deserve.  Call our office today and take the first step towards a new financial future.