Bankruptcy FAQ

Bankruptcy FAQ

Q&A with Orange County Bankruptcy Lawyers

There is no doubt that the bankruptcy process can be intimidating and thoroughly overwhelming to those just beginning to explore their options for debt relief. As the process is rife with obscure legal concepts, a great deal of technical financial information and numerous procedures, we find that far too many people delay taking action as the result of sheer confusion.

At 1^st California Law, Inc., our Orange County bankruptcy attorneys go above and beyond in our efforts to ensure that our clients understand precisely where they stand and exactly how bankruptcy works. Contact us today to enlist our help!

In an effort to provide residents throughout Orange County with the factual information they need to begin their bankruptcy legal journey, our attorneys have answered some of the most frequently asked questions we receive from our clients.

What is bankruptcy?

Bankruptcy is a legal action available to individuals and businesses who require relief from insurmountable debts. Created as a way to provide Americans with new avenues of opportunity and financial fresh starts, bankruptcy is a process that should be viewed favorably. Although it will not solve all financial problems, it can provide the starting point that can be used to obtain a debt free future.

How long does bankruptcy take?

The duration of your bankruptcy process will depend on a number of factors and circumstances involved in your case. Generally, consumers can complete Chapter 7 proceedings and obtain a discharge within six months of filing. Chapter 13 cases, in accordance to the payment plans involved, will last for either three or five years.

Will bankruptcy discharge all of my debt?

Although a discharge - or the release from liability for a debt - is the ultimate goal during bankruptcy proceedings, not all debts will be dischargeable. Typically, debts that cannot be discharged include certain taxes, student loans, spousal and child support debts, court fines and criminal restitution and others.

What is an automatic stay?

An automatic stay is the immediate protection afforded by bankruptcy. Upon filing a petition with the bankruptcy court, a court order will protect you from all debt collection activities against you, including:

How will bankruptcy affect my credit?

It is important for consumers to understand that while bankruptcy will most certainly have an impact on credit, the effects are not permanent. In most cases, a Chapter 7 bankruptcy can remain on a consumer credit report for up to 10 years, and a Chapter 13 bankruptcy for up to 7 years. Credit restoration is also an essential part of life after bankruptcy.

Read Real Reviews

LET 1ST CALIFORNIA LAW INC GET YOU DEBT FREE

"Amazing law firm to work with, very knowledgeable, & very kind!"
Amazing law firm to work with, very knowledgeable, & very kind. They made filing for bankruptcy easy. Kevin is a amazing lawyer, would definitely recommend to friends and family.

- Evelyn V.
"Kevin made us feel at ease during a very stressful time in our lives."
Kevin is the best! He made us feel at ease during a very stressful time in our lives. His upbeat personality and thorough explanations made this whole process effortless. His communication was on point and the cost for his services was absolutely reasonable. If I ever need legal service again in the future, he is my go to guy. Love him!

- Elizabeth C.
"Being the light at the end of this scary tunnel!"
Nobody ever hope to find themselves filing for bankruptcy but when I did, my first call with Kevin put me in such ease that I knew I found the right person to help me.

- Leslie I.
"Made the entire process of filing my case approachable & much less stressful than anticipated!"
Kevin was absolutely fantastic to work with. He made the entire process of filing my case approachable and much less stressful than I anticipated. He was responsive, professional, and direct throughout the entire process, and personally accompanied me at my hearing. I would highly recommend his services.

- Ashley T.
"One of the best bankruptcy attorneys to work with!"
Kevin Kunde was one of the best bankruptcy attorneys to work with. He was kind, informative, courteous and very knowledgeable. I would recommend 1st California Law and Kevin Kunde services to anyone seeking debt relief assistance. Bankruptcy can be a very scary situation and I through out the entire process I felt well guided and taken care of by 1st California Law. Thank you for everything.

- Melissa L.
"Awesome attorney"
I recently filed for my Chapter 7 through Mr. Kevin’s law firm and I could not be happier with his services. All of my concerns and worries were eliminated when Mr. Kevin thoroughly explains the process of bankruptcy filing and court hearing. The actual court hearing is very simple and to the point, just as Mr.Kevin said. In all, i highly recommend Mr.Kevin as an attorney for anyone who is in need of financial debt relief. He is kind, transparent, and dedicated to his profession. I'm glad i have had a chance to work with Kevin.

- Bruce
"Great Service"
It was the best experience ever with Kevin, I consulted several attorneys regarding my bankruptcy before I went to Kevin, and Kevin was very helpful and also the fees is very good. It was so easy to prepare my filling with him and he kept me updated with everything and tell me everything I need to know even if I didn't ask for it. Kevin show up with me in court and he was very helpful in getting over this stressful situation easily and smoothly, highly recommended him and his office if you look for any financial relief advice or help. Thanks Kevin.

- AA
"Best lawyer"
I'm 100% satisfied with his service I highly recommend to anyone!

- Vivian