“We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”


(209) 475-0499


(209) 475-0499

Stockton Chapter 7 Bankruptcy Attorney

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy Attorney

You are not alone, thousands of people are seeking help from the bankruptcy court. Contact Stockton Chapter 7 Bankruptcy Attorney for free consultation today.

Chapter 7 bankruptcy is a very common practice to free your debts and get a “fresh start”. In this type of bankruptcy, a trustee will collect all your assets and sell any assets that are not exempt. The trustee will then sell the assets and pay you any amount exempted. The net proceeds will then be distributed to your creditors. It’s best to consult with an experienced attorney in regards to which assets can be exempted.

Stockton Bankruyptcy AttorneyYou can basically exempt any items used for your support and maintenance, such as clothing, furniture, household goods and so on. Certain debts such as alimony, child support, fraudulent debts, certain taxes, student loans and other certain items cannot be discharged. You may keep certain secured debts such as your car or your house by reaffirming those debts. To do so, you must sign a voluntary “Reaffirmation Agreement”. If you decide that you want to keep your house or your car and you reaffirm the debt, you cannot bankrupt that debt again for eight years. It’s always best to talk to an expert in regards to bankruptcy.

Although for many people, filing for Chapter 7 Bankruptcy is a great option and enables you to start fresh again, there are some disadvantages you should be aware of. You are only able to receive a discharge after 8 years have passed since the last case in which you received a discharge. If you are a corporation, you must stop operating your business immediately before filing the Chapter 7 petition.

Additionally, payments made to or on behalf of any relatives within 12 months prior to filing your bankruptcy case are recoverable by the Trustee in your case. That means, if you paid money during that period to your sister for example, she will have to pay back that money to your Trustee who will then distribute it equally to all your creditors. This is a big mistake people often make and it’s best to talk to an experienced Stockton bankruptcy attorney.

If you are having financial hardship and are considering filling for bankruptcy, speak with an experienced Stockton bankruptcy attorney at the Law Office of Robert W. Fong. Call our office at (209) 475-0499 and discuss the options available for you.

Contact Stockton Chapter 7 Bankruptcy Attorney

Stockton bankruptcy lawyer Robert Fong is committed to helping people protect their assets while discharging their debts in Bankruptcy. Stockton bankruptcy attorney at the Law Office of Robert W. Fong will determine if Bankruptcy is a viable option for you, and if so, provide proficient, accurate, and protective representation. Robert W. Fong has represented thousands of people in Bankruptcy cases, and has over 20 years of legal experience. We have the experience that is necessary to properly evaluate, prepare, and file your case.

If you are having financial hardship, have fallen behind on your bills and are being harassed by creditors call (209) 475-0499 for a FREE confidential bankruptcy consultation. Protect your legal rights. Call NOW.

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(209) 475-0499

Stockton Office

Law Office of Robert W. Fong
1151 West Robinhood Drive, Suite B15
Stockton, CA 95207
Phone: (209) 475-0499

Bankruptcy Information

Can I keep my home and car in Chapter 7 Bankruptcy?

Yes, in Chapter 7 Bankruptcy, you may keep your home and car under certain conditions. If you’re current on your payments and can maintain them post-bankruptcy, you might enter into a “Reaffirmation Agreement” with your lender. This agreement allows you to keep these assets by continuing to pay the debt. However, the specifics can vary based on your situation and California’s bankruptcy exemptions, so it’s crucial to consult with Stockton Chapter 7 bankruptcy attorney Robert Fong for personalized advice.

What debts cannot be discharged in Chapter 7 Bankruptcy?

Chapter 7 Bankruptcy doesn’t allow for the discharge of all types of debts. Obligations such as alimony, child support, and debts due to fraudulent activities are specifically excluded to uphold personal accountability and ensure financial responsibilities, especially those of a critical nature, are met. Additionally, certain tax-related debts and liabilities from incidents involving impaired driving, along with the majority of student loan debts, are also exempt from discharge. These rules underscore the principle that bankruptcy is not a pathway to avoid fundamental financial duties. Seeking the expertise of a knowledgeable bankruptcy attorney, such as Robert Fong in Stockton, is highly recommended.

What are the disadvantages of filing for Chapter 7 Bankruptcy?

Filing for Chapter 7 Bankruptcy comes with several disadvantages, such as the potential impact on your credit score, making it difficult to obtain new credit for a period. Certain debts are not dischargeable, and you may lose some of your property if it’s not covered by exemptions. Additionally, not everyone qualifies for Chapter 7, depending on their income and financial situation. It’s crucial to weigh these factors and consult with a Stockton Chapter 7 bankruptcy attorney Robert Fong for advice tailored to your specific circumstances.

What are certain things you should not do before you file bankruptcy?

Before filing for bankruptcy, there are several crucial actions to avoid: incurring new debt, especially if you don’t intend to repay it; transferring assets to friends or relatives to shield them from creditors; withdrawing funds from retirement accounts, which are usually protected in bankruptcy; and selectively repaying loans to family members or friends over other creditors. These activities can be seen as fraudulent by the court, potentially leading to the denial of your bankruptcy discharge or other legal consequences. Consulting with a Stockton Chapter 7 bankruptcy attorney Robert Fong can provide guidance tailored to your specific situation and help you avoid actions that could negatively impact your case.