Aggressive, Experienced & Trusted Work Directly With An Attorney Backed by Thousands of Victories and Over 20 Years of Experience

Ventura Bankruptcy Attorney

Debt Relief in Ventura County, Los Angeles, and Santa Barbara County

People throughout Ventura County – and throughout the nation, for that matter – struggle with unmanageable debt and overwhelming financial troubles. If you feel like you are drowning in debt, bankruptcy might be the best way to overcome this situation. Seek a fresh start with help from The Law Offices of Robert F. Sommers. Our Ventura bankruptcy attorney can advise you on whether bankruptcy is right for you and guide you through the process.

Get in touch with us today by calling (805) 919-8662. We look forward to easing your financial burden.

What Is Bankruptcy?

By filing for bankruptcy, you are legally declaring yourself unable to pay off certain debts that you owe. Bankruptcy must be approved by a judge in your judicial district’s bankruptcy court. If your petition to file for bankruptcy is approved, you are released from your liability for certain debts. Individuals who have filed for bankruptcy are also protected from creditor or debt collector communication and harassment.

Types of Bankruptcy

Under federal bankruptcy law, there are several different kinds of bankruptcy, differentiated by chapter. Certain chapters of bankruptcy are intended for individuals while other chapters are meant for businesses.

The three most common types of bankruptcy are:

  • Chapter 7: Liquidation. In Chapter 7 bankruptcy, you can liquidate certain assets and distribute the cash to creditors.
  • Chapter 13: Debt Adjustment for Individuals. In Chapter 13 bankruptcy, designed for individuals with a regular source of income, you can avoid liquidating assets and instead create a payment plan to pay off your debts over time.
  • Chapter 11: Restructuring. Chapter 11 bankruptcy allows a business to continue operating while it repays creditors through a reorganization plan that has been approved by the bankruptcy court.

If you are exploring your options regarding bankruptcy, The Law Offices of Robert F. Sommers can help you choose the right chapter that will best serve your interests and meet your needs. Our bankruptcy attorney in Ventura has an in-depth understanding of the bankruptcy laws that will affect your decision, so our firm is prepared to assist you through this process.

Give us a call at (805) 919-8662 to learn more about your options regarding bankruptcy.