Bankruptcy Overview

Merrisa L. Coleman-Bishop, Northern California and San Jose Bankruptcy Lawyer

If you or your business is struggling financially and creditors are constantly harassing you about paying outstanding debts, San Jose bankruptcy attorney Merrisa Coleman-Bishop can assist you in finding a debt relief option that works for you. She has helped many people and businesses in the Bay Area and throughout Northern California, including Sacramento, reduce their debt and overcome their financial burden through bankruptcy.

Contact San Jose bankruptcy lawyer Merrisa Coleman-Bishop if you need debt relief assistance. Her experience in debt relief and asset protection can help you eliminate your financial burden while still being allowed to keep some high value possessions and assets, such as your house and car.

Helping Bay Area Individuals and Businesses Get the Debt Relief They Need

Chapter 7 Bankruptcy — If you have limited income or recently suffered a job loss, or if you have high credit card debt, bank loans, medical debt or other unsecured debt, Chapter 7 bankruptcy may be the best option for you. Sometimes called a liquidation bankruptcy, Chapter 7 discharges most unsecured debts in order to pay creditors and gives debtors a fresh start.

Chapter 13 Bankruptcy — Also called debt reorganization, Chapter 13 bankruptcy is for individuals who have a steady source of income but are significantly behind on payments to creditors. Under Chapter 13 bankruptcy, your debt is consolidated and organized into a three to five year payment plan. After the payment plan is over, any remaining unsecured debt is discharged.

Bankruptcy for Businesses — Santa Clara County bankruptcy attorney Merrisa Coleman-Bishop also helps businesses obtain debt relief by filing or Chapter 7 or Chapter 11 business bankruptcy.

The Bankruptcy Process for Northern California Clients

The bankruptcy process is governed by the Federal Rules of Bankruptcy Procedure, set forth by the United States Bankruptcy Code. While the actual process depends on which chapter of bankruptcy an individual or business if filing, the general procedure is virtually the same in all cases.

The debtor completes a means test to determine if he or she qualifies for bankruptcy and which bankruptcy is option is best for the situation. A United States bankruptcy judge makes all decisions regarding the bankruptcy, including whether a person is eligible to file.

If the debtor can continue with bankruptcy, he or she must complete a credit counseling course prior to the actual filing. After filing, judge has very little contact with the debtor, unless the debtor is required to appear at a meeting of creditors (341 meeting) to answer questions about his or debts and property.

Attorney Coleman-Bishop will explain this more thoroughly and ensure you are fully aware of what to expect during the process.

Advantages of Filing Bankruptcy

Filing bankruptcy can give you a fresh start on life, without the worry or hassle of outstanding debt. Once an individual or business files bankruptcy:

  • Creditors must stop all collection attempts, including calling and harassing debtors at home and at work
  • Any pending foreclosures on a home or commercial property cease

Contact the Law Office of Merrisa Coleman-Bishop in San Jose

Whether facing foreclosure on your home or office building, or struggling to pay medical bills and personal or business loans, contact San Jose, California, bankruptcy attorney Merrisa Coleman-Bishop for a clear explanation of your rights and options as a debtor. She will help you achieve the debt relief you need.