November 23, 2010

What is Involuntary Bankruptcy?

A Sacramento bankruptcy attorney comments on involuntary bankruptcies.

Involuntary bankruptcy occurs when a person is determined to be bankrupt at the request of a creditor. In general, the process of this form of bankruptcy initiates when a creditor files a petition with the appropriate financial court. The debtor will be provided with a grace period expiring in 20 days. Within the 20 day allotted time period, the debtor is provided with the opportunity to file any objections. If any objections are in fact filed by the debtor, the bankruptcy case will proceed to a court hearing. If no objections are filed in the 20 day grace duration, the bankruptcy will continue to proceed.

Most people are interested in learning what outcome to expect if objections are filed by the debtor and the involuntary bankruptcy case does proceed to an actual court hearing. The court will take each bankruptcy case into consideration on an individual basis. The bankruptcy court will review all details and information pertinent to each separate case. In the end, the court will make a final decision about whether or not the involuntary bankruptcy process would be the most effective approach to use for resolving the problematic debt situation. Statistically, 50% of the time, the court sides with the creditor in such cases.

If you have a question regarding bankruptcy in the greater Sacramento area please contact us at 916.792.6025 or for a free consultation or visit consumers in debt can assist you with all aspects of your bankruptcy or bankruptcy litigation case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about ankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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August 5, 2010

Six Tips To Avoid Involuntary Bankruptcy

A Sacramento bankruptcy lawyer provides Six Tips To Avoid Involuntary Bankruptcy

1. If a debtor has 12 or more creditors, an involuntary petition needs at least three creditors who are owed a minimum of $10,775 in total. If there are less than 12 creditors, only one creditor owed at least $10,775 is needed.

2. Have debt to any one creditor that is less than $10,775.

3. File a motion to dismiss the involuntary bankruptcy.

4. Assert that the involuntary filing was done in bad faith.

5. File an objection to the involuntary bankruptcy within 20 days of its filing.

6. Make payment arrangements with your creditors so that any involuntary filing will be considered in bad faith and subject to dismissal by the bankruptcy judge.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento and Roseville!

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100% Money-Back Guarantee from Sagaria Law

If the courts do not accept your bankruptcy filing because of an error on our part, we will refund 100% of your money, including the filing fee!

At Sagaria Law, PC we want to guide you on the path to financial freedom and realize this is not an easy task for most. We respect your devotion to better your circumstances even with financial hardship and thus are willing to guarantee that if you retain us, we will do everything we can, legally and ethically, to help you become debt-free.

The Fine Print

The Sagaria law guarantee covers everything that a bankruptcy law firm produces in order to successfully complete a bankruptcy filing. We guarantee that it will be done in a manner that is accepted for filing with the bankruptcy clerk's office.

There may be reasons beyond our control that may cause a case to be dismissed. Therefore, the 100% Money-Back Guarantee does not guarantee;

  1. That you will receive a discharge.
  2. That you will receive a discharge of all debts or of any particular debt.
  3. That your case won't be dismissed for reasons not related to the paperwork being accepted for filing.
  4. That you, our client, will successfully complete all of your obligations including accurate disclosure of debts, completing your forms on time and attending your 341 meeting as scheduled.
  5. That you will not lose assets in chapter 7, or that creditors won't successfully argue for the repossession of collateral in chapter 13.
  6. That you will not encounter challenges of any kind to your bankruptcy case.

Take advantage of this offer. Get started now by completing your FREE online bankruptcy evaluation, accessible from our home page.

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