San Francisco Bankruptcy Lawyer

In San Francisco, Resolve Law Firm understands the burden of bankruptcy. Yet, it also opens doors to a fresh start. With Attorney Le’Roy Roberson leading the way, our team is fluent in California bankruptcy law. We simplify the process, offering unwavering support. Take the first step towards financial liberation—get in touch today.

Our San Francisco Bankruptcy Services

Stress is a natural part of life, but debt can amplify it. If you’re feeling overwhelmed by bills, Resolve Law Firm, APC, is your ally. Our experienced team offers personalized legal services, empowering you to overcome financial obstacles and embark on a new chapter with confidence.

Filing for Bankruptcy in San Francisco: Your Questions Answered

Filing for bankruptcy in San Francisco can raise many questions and concerns. At Resolve Law Firm, we’re here to address your concerns and provide answers to your most pressing questions. From understanding the impact on your credit score to exploring alternatives to bankruptcy, we’re committed to helping you make informed decisions about your financial future.

FAQs by San Francisco Clients

Can I keep any of my possessions?

Almost always, anything you acquire after filing for bankruptcy can also be kept. The key exception is that, unless it falls within an exemption, any inheritance, property settlement, or life insurance payment you get within approximately three months of declaring bankruptcy may need to be given to your creditors.

In Geo CIty What Property Can I Keep

In a chapter 7 case, you can keep all property which the law says is “exempt” from the claims of creditors. California exemptions provides list of the exemptions available for California. In determining whether property is exempt, you must keep a few things in mind. The value of property is not the amount you paid for it, but what it is worth now. Especially for furniture and cars, this may be a lot less than what you paid or what it would cost to buy a replacement. You also only need to look at your actual equity in any property. This means that you count your exemptions against the full value minus any money that you owe on mortgages or liens. For example, if you own a $50,000 house with a $40,000 mortgage, you count your exemptions against the $10,000 which is your equity if you sell it. While your exemptions allow you to keep property even in a chapter 7 case, your exemptions do not make any difference to the right of a mortgage holder or car loan creditor to take the property to cover the debt if you are behind on payments. In a chapter 13 case, you can keep all of your property if your plan meets the requirements of the bankruptcy law. In most cases you will have to pay the mortgages or liens as you would if you didn’t file bankruptcy.

I’m Married, Can I File by Myself?

Yes, but your spouse will still be liable for any joint debts. If you file together you will be able to double your exemptions. In some cases where only one spouse has debts, or one spouse has debts that are not dischargeable then it might be advisable to have only one spouse file. If the spouses have joint debts, the fact that one spouse discharged the debt may show on the other spouses credit report.

Contact a San Francisco Bankruptcy Lawyer Today​

At Resolve Law Firm in San Francisco, our team of experienced bankruptcy attorneys is committed to helping you overcome financial challenges and achieve a brighter future. Don’t let debt control your life any longer—schedule your free consultation with Resolve Law Firm today and take the first step towards a fresh start.