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.



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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!

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.