At SouthocBankruptcy (Orange County Bankruptcy), our Bankruptcy Attorneys are here
to help you eliminate your debt by filing Bankruptcy. Whether you qualify under Chapter 7 or Chapter 13, our Bankruptcy Lawyers
will represent you every step of the way to ensure that your financial crisis is put to an end. So, if you need help, you can find
more detailed bankruptcy information at Santa Ana Bankruptcy .
Federal bankruptcy law helps individuals get a handle on their debt by allowing them to request a complete liquidation under
Chapter 7 of the Bankruptcy Code and/or a repayment plan under Chapter 13.
Bankruptcy under Chapter 7 of the Bankruptcy Code is often referred to as “liquidation bankruptcy” or a “straight bankruptcy.”
Under Chapter 7, a Bankruptcy Court can relieve a debtor of the responsibility to pay most of his or her debts but still allow the
debtor to keep much of his or her property.
Bankruptcy under Chapter 13 of the Bankruptcy Code is sometimes referred to as a “wage earner plan.” Under Chapter 13, a Bankruptcy
Court can help a debtor reorganize his debts and pay them off over time. Under Chapter 13, a debtor typically keeps all of his or
her property.
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