Q: How do I file for bankruptcy? I lost everything due to Covid & don't qualify for help. My new business failed.
I launched a new business the day shelter in place in California occurred. I'd been building the business for over a year & living on savings that's gone. I was a teacher for 20 years and had to quit due to cancer. I don't qualify for government help though I've tried. I have over $100,000 debt for starting the business. It's personal debt. I need to file for bankruptcy if I can. Please advise. Thank you.
A: From what you've said, it would appear that Chapter 7 bankruptcy is the likely remedy for you.
It's best that you consult with a qualified bankruptcy attorney who will explain the entire process.
In our office, we provide consultations in that regard without charge.
A: I don't think it's ever a good idea for someone to file on there own without an attorney, especially if you have any assets whatsoever. Assets included money in the bank, your car, your house, your retirement and all the way down to what most people don't think of as assets, such as furniture and jewelry. The goal is to discharge all of the debts while giving up no assets.
So, You don't need to know how to file; you just need to hire an experienced bankruptcy attorney to do this for you.
Look in the lists here, on Avvo.com or other search sites to find an experienced attorney near you. The consultation should be free. You should get advice on whether bankruptcy is your best option, the type of bankruptcy you should file and how that would work for you specifically and of course fee and cost information.
A: I am so sorry to read about what you are going through. Bankruptcy may well be your best option. A difficult decision but in the long run, will relieve stress and worry. I urge you to seek assistance from an experienced bankruptcy attorney. There is much to evaluate and consider before filing bankruptcy and legal advice is what you need. Although I am not located in your area, I can talk with you and provide some preliminary general information at no charge - not only about bankruptcy but what to look for in an attorney to assist you.
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