Consumer Bankruptcy Lawyers in Castro Valley, California

Castro Valley Consumer Bankruptcy Lawyers, CA

Find the Right Lawyer Now

Bankruptcy is a legal procedure that allows an individual or business to have some or all of their debts discharged. It is typically considered as an option of last resort, because while it can stave off financial disaster, it has some substantial long-term consequences warranting careful consideration of the costs and benefits. Bankruptcy is a formation of federal law, and goes through federal courts. Therefore, the process governing bankruptcy in California will be roughly the same as it is everywhere else in the U.S. But individual courts have different rules for what property is exempt, so you should consult a local Castro Valley, California before you file.

Chapter 7 Bankruptcy in Castro Valley, California

There are 2 typical types of consumer bankruptcy in Castro Valley, California: Chapter 7 and 13. Chapter 7 bankruptcy involves liquidation of some of the debtor's assets. It requires some percentage of the debtor's property to be sold in order to pay off as much of his or her debt as possible. However, the majority of property that most people own is exempt. This typically includes homes, vehicles, insurance policies, and retirement accounts. These do not have to be sold.

Once the non-exempt property is sold, the rest of the dischargeable debt is excused. Some forms of debt, however, is non-dischargeable, including student loans, criminal fines, and others. If most of your debt in Castro Valley, California is not dischargeable, Chapter 7 may not be the best option.

Chapter 13 Bankruptcy in Castro Valley, California

In Castro Valley, California, Chapter 13 is substantially different from Chapter 7. Chapter 13 may or may not be the best choice for you; this depends on the facts of your specific situation. Chapter 13 bankruptcy does not absolve debt, it restructures it. This involves a court coming up with a adjusted repayment plan designed to be manageable for the debtor. This new plan sets aside the terms of the original arrangements that created the debt in the first place. This creates a new payment structure, typically involving a single monthly payment, that the debtor should find manageable.

Find a Castro Valley Lawyer that Specializes in Your Area of Need:

Which Type of Consumer Bankruptcy Should I File in Castro Valley, California

The answer to this question depends strongly on your distinct situation. If you have enough stable income to manage a payment plan, and a lot of non-exempt property that you are unwilling to part with, Chapter 13 may be a good option. If you don't have much stable income, and most of your property is exempt, Chapter 7 might be better.

In any case, you should talk with a local Castro Valley, California bankruptcy lawyer. Your lawyer can advise you of your options and inform you of their likely result. This will make it much easier for your to make an informed choice.

Consumer Bankruptcy Attorneys in the Largest CA Cities

Show California Cities

Life in Castro Valley

Castro Valley, California is situated in Alameda County in the Bay Area.  With its population of over 61,000, it is one of the largest unincorporated areas in the entire state.  The economy of Castro Valley had its early foundations in chicken ranching, with several industry innovators in the city.  Today Castro Valley is favored as a commuter town due to its proximity to metropolitan areas like San Francisco and San Jose.

Castro Valley Boulevard is the hub of economic and social activity in the city.  The area contains many old-style boutique shops and diners, as well as modern establishments.  Castro Valley is also well known for its florist shops, where patrons can purchase unique floral arrangements.  Much of the city is comprised of hilly areas like Palomares Hills Park, which offers a breathtaking view of the city.

Popular attractions in Castro Valley, California include bowling at Castro Valley Bowl, miniature golfing at Golden Tee, and activities at the Castro Valley Community Center.  Castro Valley hosts city events like the Fall Festival, the Classic Car Show, and a Rodeo Parade which has featured dancing horses.  The Adobe Art Center also offers instructional courses and showcases art exhibits from local talent.

Lawyers in Castro Valley, California represent clients in many types of legal matters and issues.  Many Castro Valley cases are filed at the Superior Court of California, County of Alameda located near the city.  Many Castro Valley attorneys actively contribute to the community through local groups and civic organizations.

Consumer Bankruptcy Lawyers in Other California Cities and Towns


Find the Right Lawyer Now

Top Rated Lawyers

View attorney profiles and see how other LegalMatch users rate attorneys that may respond to your case.

Bankruptcy, Banking and Credit Lawyer
LegalMatch Bankruptcy, Banking and Credit Lawyer Eddy H.

Eddy H.

Alameda, CA

Bankruptcy, Banking and Credit

Rating (3 users) *****
See Reviews
Bankruptcy, Banking and Credit Lawyer
LegalMatch Bankruptcy, Banking and Credit Lawyer Howard K.

Howard K.

Alameda, CA

Bankruptcy, Banking and Credit

Rating (3 users) *****
See Reviews
Bankruptcy, Banking and Credit Lawyer
LegalMatch Bankruptcy, Banking and Credit Lawyer T. Hall B.

T. Hall B.

Orange, CA

Bankruptcy, Banking and Credit

Rating (6 users) ****
See Reviews
Bankruptcy, Banking and Credit Lawyer
LegalMatch Bankruptcy, Banking and Credit Lawyer Emily M.

Emily M.

Orange, CA

Bankruptcy, Banking and Credit

Rating (11 users) *****
See Reviews

Need a Bankruptcy Lawyer?

No obligation - Lawyers compete for your case. Choose your issue & get started now: