Legal Question in Bankruptcy in California

Re: We own a home and are worried we could lose, or have it repossessed, if we c

Hello. I am Gary Fraley owner & founder of California Bankruptcy Attorneys, a 25+ year old law firm. We represent clients exclusively in Chapter 7 bankruptcy & Chapter 13 debt reorganization.

Both my wife & I are California State Bar Certified Specialists in Personal & Small Business Bankruptcy Law.

To answer your question, the good news is that most people keep their homes when they file bankruptcy. There are exemptions for $75,000 for a husband and wife and $125,000 for senior citizens and disabled. If you are at risk of losing your home you may need a Chapter 13 reorganization.

We will be happy to give you a free, no pressure, attorney consultation on our free 1 (800) 675-1005 phone line. At that time we will discuss all your options to help you determine if bankruptcy is right for you.

Our firm serves clients throughout California. All services, except for the creditors meeting, can be done by phone, mail, email or fax saving you the hassle of going to a law office. An attorney representing my firm will personally appear with you at all hearings. I invite you to check out our Clients Bill of Rights, our Client Testimonials, & our Online Law Office at:

ca-bankruptcy-attorneys.com.

We will determine your fees when you have your free attorney consultation. Our fees are based on such factors as: whether you own real property such as a home; whether a spouse is filing with you; the number of creditors & amount of debt you have. If you are a senior citizen or disabled, you get an additional $50 discount off our regularly low fees.

Please contact us immediately so we can set your free attorney consultation. I look forward to talking with you soon. Thank you for giving me the opportunity to help you solve your financial problems.

Re: We own a home and are worried we could lose, or have it repossessed, if we c

It depends on the equity in the house. You are entitled to a homeowners exemption of $65,000 and if over 65, $130,000. If any equity left, there is a chance you may keep it, if small enoungh.