Can anyone file bankruptcy?

Anyone can file bankruptcy, but there are limitations regarding which form of bankruptcy is permissible. Qualifying for Chapter 7 requires a means test that evaluates income, debt levels, and income left over each month after paying basic obligations. Income over the median set by the court and monthly income that allows meaningful payments toward unsecured debt can disqualify filers from Chapter 7, which is generally the preferred form of bankruptcy due to the possibility of a full discharge. Anyone can file Chapter 13 bankruptcy, but the terms are less favorable. In most cases, some debts must be repaid following a successful filing. Chapter 13 is also more likely to result in asset forfeiture.

How bad is it to file bankruptcy twice?

<p dir="ltr" style="line-height:1.2;margin-top:9pt;margin-bottom:9pt;">Although possible, due to the damaging nature of bankruptcy, filing bankruptcy more than once isn't recommended. Filing multiple times puts a serious burden on one's credit report, making it harder to get a loan, buy a house, buy a car, or even open credit cards.</p><p dir="ltr" style="line-height:1.2;margin-top:9pt;margin-bottom:9pt;">Note that filing for bankruptcy isn't something that can be done at a filer's leisure. There are time limits following bankruptcy cases that dictate when it's permissible to file again. For example, after Chapter 7 bankruptcy, filers must wait at least eight years before filing Chapter 7 again or four years before filing Chapter 13.</p>

Can they take my car in Chapter 7 bankruptcy?

In many cases, it's possible to keep a vehicle following Chapter 7 bankruptcy. The Chapter 7 Motor Vehicle Exemption allows filers who own their vehicles outright or who are up to date with payments to keep their cars. However, those behind on making car payments are required to arrange a repayment plan. Otherwise, the vehicle may be repossessed as a part of the proceedings.

5 Best Mountain View Bankruptcy Attorneys

Burl S. Polon Law Offices

2805 Porter Street, Soquel, CA 95073

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IRS Tax Debt

Burl S. Polon Law Offices is a bankruptcy law firm in Soquel that also offers its services in Mountain View and the surrounding areas. Polon is skilled in handling various types of bankruptcy. He represents and defends his clients against unfair practices of creditors and financial institutions, which include adding high interests and penalties to struggling individuals' debts. Additionally, Polon also resolves tax-related issues, which include unrealistic monthly payments, property seizures, and wage garnishments.

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C. Alex Naegele, A Professional Law Corporation

19925 Stevens Creek Boulevard, Cupertino, CA 95014

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Debt Settlement

C. Alex Naegele, A Professional Law Corporation helps residents in the Mountain View area who need help in chapters 7, 11, and 13 bankruptcy situations. Aside from individual cases, the firm also provides representation for adversary proceedings, corporate bankruptcies, discharging taxes, and fraudulent transfers. Other practice areas under Naegele's portfolio include probate, tax, appeals, litigation, and corporate law. Prior to establishing the firm, Naegele handled international law as well as corporate and tax-related legal matters.

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Lun & Associates

1900 Embarcadero Road, Palo Alto, CA 94303

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Lun & Associates represents individuals in bankruptcy cases in Mountain View and the surrounding areas. The law firm assists in the discharge and reorganization of personal debt. In addition to filing for chapters 7 and 13 bankruptcy, its bankruptcy lawyers also administer means test for the determination of debt amount. The law practice also handles family, business, immigration, criminal, and juvenile cases. Lun & Associates has offices in Pal Alto, Newark, and San Jose.

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Nova Law Group

800 West El Camino Real, Mountain View, CA 94040

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Debt Settlement

Nova Law Group is a firm handling bankruptcy cases in Mountain View. Founding and Managing Partner Zachary Tyson worked for the San Jose Division of the United States Bankruptcy Court before establishing his private practice. Together with his team, they handle personal and corporate bankruptcies under Chapters 7, 11, and 13. They also represent clients in active bankruptcy litigation, debt negotiations, and settlement discussions. The firm has been featured in different media publications like The Sacramento Bee and The San Francisco Examiner.

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Shah Peerally Law Group PC

37600 Central Court, Newark, CA 94560

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Debt Settlement

Shah Peerally Law Group PC offers legal advice and representation to clients in the Mountain View area. The firm focuses on providing services related to immigration but also offers assistance in bankruptcy protection filing and bankruptcy alternatives such as debt settlement. The firm's founder and bankruptcy lawyer, Shah Peerally, is a member of the National Association of Consumer Bankruptcy Attorneys. Peerally also has extensive experience in both immigration and business laws.

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Best Bankruptcy Attorneys in Mountain View

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Bankruptcy Attorneys FAQs

Burl S. Polon Law Offices

C. Alex Naegele, A Professional Law Corporation

Lun & Associates

Nova Law Group

Shah Peerally Law Group PC

Frequently Asked Questions

Q: Can anyone file bankruptcy?

Q: How bad is it to file bankruptcy twice?

Q: Can they take my car in Chapter 7 bankruptcy?

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