Sacramento Bankruptcy Lawyer

Yelp Review for Bankruptcy Attorney

In today’s world, debt is a big part of the consumer lifestyle. Debt is how we secure the purchase of our homes, cars, a business, and sometimes the basic necessitates of life. However, life is unpredictable and as a consequence, we can be faced with hard times. We can lose a job, face medical issues, or have some unexpected expense come up, and before we know it your debt can pile up leaving you struggling to climb out of it. We understand that financial problems are common and can make life difficult. However, there are solutions. If you are interested in understanding your legal and financial options, please contact us today.

Bankruptcy is a frightening word and when considering bankruptcy, it can be one of the hardest decisions an individual will face. Moreover, it can be an intimidating process. As a result of filing for bankruptcy, a debtor will likely face some short-term consequences not to mention the emotional toll it can take on the individual and their family. However, the fundamental goal of bankruptcy is to give debtors a “fresh start.” The Supreme Court addressed the purpose of bankruptcy law in a 1934 decision when stating:

[I]t gives to the honest but unfortunate debtor . . . a new opportunity in life and clear field for future effort, unhampered by the pressure and discouragement of preexisting debt.

Local Loan Co. v. Hunt, 292 U.S. 234, 244 (1934). Bankruptcy is a tool for debtors to obtain some financial relief. As the economy has its highs and lows, bankruptcy has become a more common solution.

The first step when facing financial issues is to educate yourself about the bankruptcy process. As such, one should seek the advice of competent legal counsel. Attorney Pauldeep Bains is dedicated in helping individuals and families facing financial difficulties and focus’ primarily on Chapter 7 and Chapter 13 bankruptcy cases. Mr. Bains offers both in-person and phone consultations in order to accommodate all types of clients and their busy schedules. The free one-hour consultation is intended for you to discuss your individual financial situation with Sacramento Bankruptcy Lawyer Pauldeep Bains and determine if bankruptcy is an appropriate option for you. Mr. Bains is here to listen, help, and educate you on your legal options.

Here at Sacramento Bankruptcy Lawyer, in order to provide you with the highest quality of service, you will always meet directly with Mr. Bains for that consultation. Mr. Bains is here to make that initial step, and each step along the way, as easy and stress-free as possible. Whether you are drowning in credit card debt or are facing a home foreclosure, Mr. Bains will provide experienced counseling and is ready to evaluate your finances with you and establish a creative plan to get you out of the financial struggle you are facing.

Attorney Pauldeep Bains has evaluated Chapter 7 and Chapter 13 bankruptcy options with over 1,000 people here in Sacramento, Roseville, and the surrounding areas. Mr. Bains has filed hundreds of bankruptcy cases and his results are exceptional. If you need to file a Chapter 7 Bankruptcy case because a credit card company is threatening to or has filed a lawsuit against you, is attempting to levy your bank account or garnish your wages, Mr. Bains will be able to quickly and efficiently evaluate your situation and move your case forward without wasting any time. Or if you need to file a Chapter 13 Bankruptcy case to stop your home from foreclosing, Mr. Bains will be ready to begin working on your case immediately and crafting a Chapter 13 plan to tailor your needs. If you are looking for a knowledgeable, experienced, and most importantly, reliable bankruptcy attorney, click here to setup a consultation appointment today!

Once a client hires Sacramento Bankruptcy Lawyer Pauldeep Bains, they will be provided a detailed questionnaire packet which includes a list of financial documents to gather. These financial documents are critical in preparation of your bankruptcy petition. Once you have gathered everything and have completed the questionnaire packet, the next step is to schedule a follow-up appointment (i.e. Document Review Appointment) with Mr. Bains for both you and Mr. Bains to review your financial documents. Mr. Bains will take the information received during this appointment and prepare your personalized petition.

As part of the petition, the debtor is required to list his or her assets and liabilities among other various financial information. These requirements are intended to provide adequate information to the debtor’s creditors and to facilitate the fair and efficient distribution of debtor’s income or assets depending on the type of bankruptcy you claim. The most common bankruptcy cases filed and the types of cases we handle here at Sacramento Bankruptcy Lawyer are Chapter 7 (liquidation proceedings) and Chapter 13 (adjustment of debts of an individual with steady income). Each type of bankruptcy proceeding provides a different set of eligibility requirements. Depending on your individual situation, you may be eligible to file bankruptcy under more than one Chapter. As such, Mr. Bains will help you evaluate which Chapter would be most advantageous in light of your particular financial situation.

If you would like to read more about the differences between a Chapter 7 and Chapter 13 bankruptcy proceedings, please click here!

Once your petition has been filed with the United States Bankruptcy Court, there is meeting of creditors, also referred to as the “341 hearing” (as required by section 341 of the Bankruptcy Code). This meeting is where you meet with the trustee assigned to your case. Creditors are welcome to attend this meeting; however, hardly any appear. The role of the trustee is to administer the bankruptcy estate—in essences, the trustee’s main job is to ensure that your creditors get paid as much as possible according to the specifics of the bankruptcy code. As such, this meeting is intended to ensure that all of the information listed in the petition is an accurate account of your property and income. For this meeting, you are required to bring with you your photo identification and Social Security Card. Mr. Bains attends these hearings regularly and will make sure you are thoroughly prepared for it. In preparation for the 341 hearing, Mr. Bains will review your petition with you and discuss with you some anticipated questions that the trustee could potentially ask you. Therefore, when your hearing comes around, Mr. Bains’ clients are more than prepared. Mr. Bains will do his best to ensure that this hearing goes as smooth as possible for you.

Depending on the type of bankruptcy case you file, this may be the only hearing you are required to attend. If you are filing for Chapter 7 relief, this will likely be the only hearing you attend. If you are filing for Chapter 13 relief, your reorganization plan needs to now be confirmed by the Judge. The main goal, or end result of a bankruptcy case, is to obtain a discharge. The Chapter 7 will provide you that discharge approximately 100 days after you file your case and the Chapter 13 will once you complete your reorganization plan. The discharge provides that you are no longer legally required to pay specific debt listed in your bankruptcy case and those creditors cannot take any further action against you in an attempt to collect on those debts.

Regardless of which route you go, speaking with Attorney Pauldeep Bains is the first step. Please call our office at 916-800-7690 to schedule your consultation! In the alternative, CLICK HERE to schedule your consultation!

Presented with the Avvo 2016

Clients Choice Award for Bankruptey Law

The Ten Steps to Our Simple Bankruptcy Process

FREE INITIAL CONSULTATION

Upon contacting Sacramento Bankruptcy Lawyer, you will immediately be scheduled a free initial consultation with Mr. Bains. Mr. Bains will answer any and all questions that you might have. To accommodate your schedule, the initial consultation can be done in person or on the phone.

DOCUMENT GATHERING

Once you’ve retained our office, you will be tasked with completing our simple & easy to follow Bankruptcy Packet. This will assist our office in preparing your Bankruptcy Petition for filing with the Court. 

DOCUMENT REVIEW

Upon completion of the Bankruptcy Packet, a follow-up meeting will be scheduled with Mr. Bains. In this meeting, Mr. Bains will review the completed Bankruptcy Packet with you to ensure it’s completeness.

PREPARATION OF YOUR BANKRUPTCY PETITION

Mr. Bains will now use his expertise to personally prepare your Bankruptcy Petition. This will include the Voluntary Petition, Schedules, Statement of Financial Affairs, and if filing for Chapter 13, your Chapter 13 Plan.

REVIEW

Mr. Bains will now review with you the initial draft of your Bankruptcy Petition. Mr. Bains will ensure that you understand the contents of the entire petition prior to moving forward. Any modifications and/or edits will be made at this time.

SIGNING

A final draft of the Petition will be prepared for your signature. Both you and Mr. Bains will sign the final draft at this time.

FILING

Once the final draft has been signed, we will now electronically file your case with the Bankruptcy Court and provide you with a case number. 

§ 521 DOCUMENTS

Upon filing your case, you will be required to provide certain documents to your assigned Bankruptcy Trustee pursuant to 11 U.S.C. § 521. Our office will gather those documents and send them directly to the Trustee on your behalf. 

§ 341 MEETING OF CREDITORS

Within 30-45 days of your case being filed, you will be required to attend a Meeting of Creditors pursuant to 11 U.S.C. § 341. Mr. Bains will prepare you for this meeting and will appear with you at the scheduled day and time. 

RACE TO THE FINISH

If filing for Chapter 7, the 341 Meeting will typically be the last thing that you are required to do in your case. If filing for Chapter 13, your payments to the Trustee will begin and Mr. Bains will assist you in confirming your Chapter 13 Plan. 

The Ten Steps to Our Simple Bankruptcy Process

Upon contacting Sacramento Bankruptcy Lawyer, you will immediately be scheduled a free initial consultation with Mr. Bains. Mr. Bains will answer any and all questions that you might have. To accommodate your schedule, the initial consultation can be done in person or on the phone.

Once you’ve retained our office, you will be tasked with completing our simple & easy to follow Bankruptcy Packet. This will assist our office in preparing your Bankruptcy Petition for filing with the Court. 

Upon completion of the Bankruptcy Packet, a follow-up meeting will be scheduled with Mr. Bains. In this meeting, Mr. Bains will review the completed Bankruptcy Packet with you to ensure it’s completeness.

Mr. Bains will now use his expertise to personally prepare your Bankruptcy Petition. This will include the Voluntary Petition, Schedules, Statement of Financial Affairs, and if filing for Chapter 13, your Chapter 13 Plan.

Mr. Bains will now review with you the initial draft of your Bankruptcy Petition. Mr. Bains will ensure that you understand the contents of the entire petition prior to moving forward. Any modifications and/or edits will be made at this time.

A final draft of the Petition will be prepared for your signature. Both you and Mr. Bains will sign the final draft at this time.

Once the final draft has been signed, we will now electronically file your case with the Bankruptcy Court and provide you with a case number. 

Upon filing your case, you will be required to provide certain documents to your assigned Bankruptcy Trustee pursuant to 11 U.S.C. § 521. Our office will gather those documents and send them directly to the Trustee on your behalf. 

Within 30-45 days of your case being filed, you will be required to attend a Meeting of Creditors pursuant to 11 U.S.C. § 341. Mr. Bains will prepare you for this meeting and will appear with you at the scheduled day and time. 

If filing for Chapter 7, the 341 Meeting will typically be the last thing that you are required to do in your case. If filing for Chapter 13, your payments to the Trustee will begin and Mr. Bains will assist you in confirming your Chapter 13 Plan. 

Services

Services

Free Consultation

Here at Sacramento Bankruptcy Lawyer, we set ourselves apart from other firms because we provide direct client to attorney contact from the initial consultation all the way through the discharge in your particular case. We will not pawn your case off to a staff member at any point through the process. When you call Sacramento Bankruptcy Lawyer, you WILL speak with local Sacramento Bankruptcy Lawyer Pauldeep Bains. Please call Sacramento Bankruptcy Lawyer ASAP at 916-800-7690 to schedule your FREE in-person or phone consultation with Pauldeep Bains and let Sacramento Bankruptcy Lawyer begin getting you the fresh start that you deserve.

916-800-7690

Testimonials

Testimonials

Frequently Asked Questions

No, you are not required to hire an attorney. However, filing for Bankruptcy without the assistance of a knowledgeable Bankruptcy attorney might get you in more trouble than you expected. Having the Trustee sell your assets without your permission, having your case dismissed because you miss an important deadline in your case, or having your discharge denied are just three of the many risks you face if you file for Bankruptcy relief without the assistance of an experienced Bankruptcy attorney.

It depends. One portion of the fee is a court filing fee that is required in order to file your case. The court filing fee is $335.00 for a Chapter 7 filing and $310.00 for a Chapter 13 filing. The other portion is the attorney fee and this depends on your particular case. Schedule a FREE consultation with our knowledgeable Chapter 7 and Chapter 13 Bankruptcy attorney ASAP to discuss your case and to receive your free quote.

Yes. We understand that a lot of times those that are filing for Bankruptcy do not have the up-front fees to pay for an attorney. In those situations, we offer generous payment plans in which we can move forward with the particular case immediately and receive the fees on a monthly payment plan.

Absolutely not. In fact, filing for Bankruptcy will in most cases start the process of increasing your credit score. The reason for this is because one major factor in determining your credit score is “debt to income ratio”.  With significant debt on your credit profile, your credit score will consistently remain bad. By filing for Bankruptcy and discharging your debts, you can quickly turn that around.

Yes. As long you take the necessary steps to rebuild your credit post-bankruptcy, you can qualify to purchase a home in as little as 18-24 months.

As soon as you retain our firm, our skilled Sacramento Bankruptcy Lawyer will advise you to tell any creditor that contacts you that you have retained our office and that your Bankruptcy attorney has advised you not to speak with them. This will generally get them to stop calling you immediately and they will start calling our office instead. Moreover, as soon as you actually file the Bankruptcy case, creditors are legally required to stop calling you.

A Bankruptcy can stay on your credit report for up to 10 years. However, the important thing is to start rebuilding your credit as soon your Bankruptcy is complete. If you take the necessary steps post-bankruptcy in rebuilding your credit, you will be amazed as to how quickly your credit score bounces back.

While the length of your bankruptcy case will depend on several factors, most Chapter 7 cases will receive a discharge in approximately 4 months. A Chapter 13 is a longer process and will require you to be in the case for 3 to 5 years.

This depends on several factors. In short, if you are able to protect any equity in the car with the necessary exemptions and you remain current on the payments, you have a good chance of being able to keep the car in a Chapter 7. Moreover, if you file a Chapter 13, you will have the ability to include the car loan in your 3-5 year Chapter 13 payment plan and potentially even reduce the interest that you pay on it.

Now that you have been served a wage garnishment order, your employer is required to start withholding a certain amount of money from each of your future paychecks until the balance is paid in full. Generally, the amount that they will withhold will be equal to 25% of your disposable earnings. That means each paycheck you receive moving forward, 25% of your net-income will be sent to the creditor that issued the wage garnishment order. One way to stop this from ever occurring is to file a bankruptcy. Once the Bankruptcy has been filed, they are no longer allowed to garnish your wages. Our office can sometimes have your Bankruptcy filed the same day you contact our office in emergency situations to sop the garnishment from ever taking place.

In a lot of cases, people are tens of thousands of dollars in credit card debt but are still current on each payment. In these situations, it is a smart decision to speak with our experienced Bankruptcy attorney regarding the different options you have. For example, a person making the minimal monthly payment on $20,000.00 of credit card debt will very likely end up paying twice that amount back over the next 5-10 years when accounting for interest, late fees, etc. All the while, this person’s credit score is stuck at a mediocre score because of the large amount of debt on their credit. If the same person had filed for Bankruptcy, they would have saved tens of thousands of dollars and would see their credit score start drastically rising as soon as they receive their discharge.

Do not let another day go by without knowing your legal options. Contact Sacramento Bankruptcy Attorney today and you will hear from our highly qualified and knowledgeable attorney who looks forward to speaking with you at your earliest convenience.

Contact Us

Do not let another day go by without knowing your legal options. Contact Sacramento Bankruptcy Attorney today and you will hear from our highly qualified and knowledgeable attorney who looks forward to speaking with you at your earliest convenience.