Chapter 7 Bankruptcy Attorney in Redding, California
Financial problems can mount to overwhelming dilemmas. When you’re over your head in debt and can no longer pay your basic obligations, it becomes necessary to look at options to solve your situation. Bankruptcy, particularly chapter 7 bankruptcy, is a last resort. If you find yourself facing this possibility, you’ll need a qualified chapter 7 bankruptcy lawyer in Redding. The Law Office of Cowan and Brady is your best choice for handling that.
What Is Chapter 7 Bankruptcy?
Chapter 7 is the most thorough at eliminating debt. Under chapter 7, all nonexempt assets are used to pay debts and the remaining debts are discharged. However, certain debts—such as student loans, child support, alimony, and taxes—won’t be eliminated. When you file for chapter 7, an automatic stay is put on your record, meaning that creditors are no longer allowed to call you. A trustee takes control of your nonexempt assets and distributes the funds to your creditors.
How Can Cowan and Brady Help Me?
Bankruptcy law is complicated. Because of that, it’s imperative that you bring a chapter 7 bankruptcy attorney on board. You may think that you can’t afford a lawyer if you’re facing bankruptcy, but you can’t afford not to. For example, your home and business could be listed as nonexempt assets and be taken from you. But an attorney skilled in bankruptcy law may be able to help you save them. David Brady of Cowan and Brady is just that kind of attorney. He’s been practicing law for almost four decades and has experience in multiple aspects of law. He is capable of looking at all aspects of your legal situation.
When it comes to getting the best possible financial solution for your situation, David Brady is the chapter 7 bankruptcy attorney in Redding that you can count on. Call the Law Office of Cowan and Brady to schedule a consultation today.