Facts about California Bankruptcy
Purpose – Bankruptcy is a legal process to help people who are too deep in debt to make the required payments to their creditors. There is no shame in filing for bankruptcy. Many successful people have done it in order to get a fresh start in life.Types – The most common types of consumer bankruptcy include Chapter 7 (liquidation) and Chapter 13 (restructuring debt).
Liquidation involves liquidating assets to pay debts and having the remainder of unsecured debt discharged. In a Chapter 7 bankruptcy, some of a consumer's assets are protected such as the home, personal items, a vehicle, and all or part of retirement plans. Restructuring debts enables you to work with the trustee and creditors to work up a plan that will enable you to pay your debts.
Collections, Repossession and Foreclosure – Once you file a petition for bankruptcy, all collection events should stop. If they don't, feel free to direct collectors to your San Francisco bankruptcy attorney.
Credit Effects of Bankruptcy – A bankruptcy does have negative effects on your credit and it will appear on your credit report for seven to ten years. During that time, you can reestablish credit and drastically improve your credit rating by making payments on time. Many credit companies do offer credit to people who have recently filed bankruptcy because of the fact that you cannot file bankruptcy again for several years.
Is Bankruptcy the Best Solution for You? – That depends on your particular situation. Through a free consultation session, the San Francisco bankruptcy lawyer can advise you about the ins and outs of bankruptcy and how it will affect you based on your unique circumstances.
Contact a San Francisco Bankruptcy Attorney Today! – To get a full review of your situation, you can complete our quick form and get the answers to all of your questions.
Fill in our quick form and we will respond to your important questions, or call us today! 650-348-3400
| John Iaccarino, Esq. |
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John Iaccarino is a native and long-term resident of the San Francisco Bay Area. He is a member of the San Mateo Country Bar Association and he offers his legal services to clients in and around the San Francisco area. John Iaccarino is a well rounded attorney who specializes in bankruptcy law, but also offers other legal services based on his strengths and interests. He is well known as <i>the</i> San Francisco Bankruptcy Attorney because he has specialized in that area of law and offered bankruptcy legal representation to San Francisco residents since 1993. Originally, John Iaccarino also offered family law services to clients in addition to being available as a San Francisco bankruptcy attorney. However, he decided to limit his family law practice to uncontested divorce because at this time, his talents are more useful in other areas rather spending the majority of his time handling contested divorces. He possesses the knowledge needed to smoothly handle a divorce and the aftermaths of it which enables him to save clients money in uncontested divorces that are much less time intensive than contested matters. John Iaccarino also has an interest in estate planning which is why he offers such legal services in his practice. He has helped many residents of San Francisco and surrounding areas by drafting wills, trusts, powers of attorney, advanced healthcare directives as well as helping them to probate an estate. John Iaccarino is a caring person which is what led him into this line of work. He is always looking for ways that he can help his clients. Upon noticing that many people in the San Francisco area need legal help with immigration issues, he decided to add such legal services to his practice. Now he helps immigrants to obtain naturalization, visas and citizenship as well as assisting them to avoid deportation. John Iaccarino is dedicated to offering his clients personalized service in a professional and efficient manner while tapping his skills, talents and knowledge. This mixture of legal services allows him to use his strengths to help clients with things that matter to them. |
San Francisco Bankruptcy Information
The first thing to do when considering filing bankruptcy in San
Francisco is to find a competent San Francisco bankruptcy attorney. It
is unwise to file without specialized legal representation. Without it,
you are likely to get yourself into trouble, lose assets that you can
legally keep and short yourself on the benefits of bankruptcy.
Bankruptcy is a legal process in which you declare that you are unable
to make payments to creditors. The laws allow you to choose to
restructure debt or to liquidate. Your San Francisco bankruptcy lawyer
can advise of which type is best for you.
In the process of bankruptcy, you must disclose all assets. Failure to
do so can be considered bankruptcy fraud that will lead to criminal
penalties and possibility jail time. There are some protections written
into the law that protects some of your assets from liquidation. A
skilled San Francisco bankruptcy attorney will ensure that you keep all
of the assets that you can and get as much of your debt dismissed as is
allowed by law.
Bankruptcy Law varies from state to state which makes it imperative
that you choose an experienced San Francisco bankruptcy lawyer that is
specialized the bankruptcy laws of the area and comfortable in the
local bankruptcy courts.
San Francisco Bankruptcy Attorney
Meeting John Iaccarino, you will notice he is more than a San Francisco bankrupcy lawyer because he cares.
John Iaccarino is a San Francisco bankruptcy lawyer that you can count on. He is a long-time resident of the city and has been practicing bankruptcy law in San Francisco since 1993. He has helped many clients to get satisfactory results during bankruptcies giving them a fresh start on life.
The process of bankruptcy can be very complex as well as stressful. John Iaccarino understands that a long, drawn process and worrying about the "unknown" can have negative effects on his clients.
Therefore, as a San Francisco bankruptcy attorney, first he takes the time to fully explain the process to his clients as well as explaining what they can expect. Second, he does everything that he can to speed up the process completing the case as quickly and efficiently as possible.
When you choose John Iaccarino as your San Francisco bankruptcy lawyer, you can rest assured that you will know what is going on, all of your questions will be answered and after the process is completed, you will honestly have a new lease on life.
To claim John Iaccarino as your San Francisco bankruptcy attorney, simply call his law office today!
John Iaccarino is a San Francisco bankruptcy lawyer that you can count on. He is a long-time resident of the city and has been practicing bankruptcy law in San Francisco since 1993. He has helped many clients to get satisfactory results during bankruptcies giving them a fresh start on life.
The process of bankruptcy can be very complex as well as stressful. John Iaccarino understands that a long, drawn process and worrying about the "unknown" can have negative effects on his clients.
Therefore, as a San Francisco bankruptcy attorney, first he takes the time to fully explain the process to his clients as well as explaining what they can expect. Second, he does everything that he can to speed up the process completing the case as quickly and efficiently as possible.
When you choose John Iaccarino as your San Francisco bankruptcy lawyer, you can rest assured that you will know what is going on, all of your questions will be answered and after the process is completed, you will honestly have a new lease on life.
To claim John Iaccarino as your San Francisco bankruptcy attorney, simply call his law office today!
San Francisco Bankruptcy Counseling
As a San Francisco bankruptcy lawyer, John Iaccarino has the experience and in-depth knowledge of California's bankruptcy laws to offer you the counseling you need in order to determine whether bankruptcy is in your best interest.
In most cases, bankruptcy is a resolution to financial problems, but it is not the only solution. John Iaccarino can help you to sort through the pros and cons of bankruptcy and help you to compare them with other options. This type of bankruptcy counseling will enable you to make this life-changing decision as an informed client.
The advantages of bankruptcy is that much, if not all, of your debt will be drastically reduced or discharged making your financial situation much better and the collection calls will immediately stop. Reduced debt will enable you to make plans for a brighter future. The disadvantages are that it will affect your credibility for about seven to ten years and you may have to liquidate some of your assets.
As a San Francisco bankruptcy attorney and bankruptcy counselor, John Iaccarino can advise you of the effects of bankruptcy in your particular situation, introduce you to alternatives and offer advice to you on how to minimize the negative effects if you choose to file bankruptcy.
Call the San Francisco Law Offices of John Iaccarino today to set up an appointment for your free bankruptcy counseling session or simply fill out our quick form for immediate attention.