VENTURA BANKRUPTCY EXEMPTIONS
Bankruptcy Asset Exemptions
A person burdened by too many debts can resolve their financial troubles by filing for bankruptcy. One of the first steps in the bankruptcy process is determining your qualifications for Chapter 7 or Chapter 13. Chapter 7 is the discharging of unsecured debts. Chapter 13 is the restructuring of your debt in a repayment plan. A common bankruptcy myth is that a person must sell, or will lose, all of their possessions when they file for Chapter 7. The truth is that most of your assets will be exempt from liquidation. Asset exemptions include:
- Child and spousal support
- Work-related equipment, tools and supplies
- Appliances
- Clothing
- Jewelry and heirlooms
- Motor vehicles
- Wages
- Pensions & insurance
- Occupied property
With the expert help of attorney Michael Grennier, his Chapter 7 clients are able to keep all of their assets. If you are in a financial bind, Ventura bankruptcy lawyer Michael Grennier can help you decide if bankruptcy is the right debt relief solution for you, and discuss the requirements for Chapter 7.
Ventura Bankruptcy Attorney
Grennier Law is Ventura County’s leading bankruptcy law firm. Attorney Grennier is a former law professor, Judge Pro Tem in the Ventura County Superior Court and member of the National Association of Consumer Bankruptcy Attorneys. Grennier Law can give you trusted and accurate advice regarding bankruptcy and explain the process in-depth. They can also explore other financial remedies such as debt negotiation, debt settlement and debt consolidation.
Are you facing foreclosure? Attorney Michael Grennier will work hard to prevent the loss of your home and other valuable assets. When it comes to addressing a financial crisis, hiring a highly qualified and experienced bankruptcy attorney can be extremely advantageous. We know the anxiety that financial problems can cause, and will give you the legal assistance you need to improve your financial future. We work hard to ensure the best possible solution for you.
Contact Ventura bankruptcy lawyer, Michael Grennier for important legal advice regarding debts and filing for bankruptcy. Call today to schedule a FREE consultation at 805-643-3900.
