If you are considering bankruptcy in California, you may be unsure about what your rights and options are. At San Diego Debt Relief, we come alongside you and help you understand the process step by step. With more than 15 years of experience, our English and Spanish-speaking lawyers provide the in-depth information and dedicated representation you need to achieve debt relief. Contact our firm by calling 949-243-7619 or toll free at 888-755-2559
What are Secured Debts?
Secured debts are debts in which you have offered something else as a security in case you cannot pay back your loan, such as your home or your car. In addition to signing your loan, you also sign a security agreement (a lien) that states that the lender has the right to repossess the items or property if you default on your loan.
What Are Unsecured Debts?
Unsecured debts, however, are loans in which nothing is held. They could include:
- Credit card debts, including most store credit cards
- Medical debt
- Personal loans
- Personal lines of credit
- Debts to check-cashing companies or pay-day advance companies
How Does Bankruptcy Help?
Bankruptcy will discharge your liability for most secured and unsecured debts except student loans, court-ordered payments such as child support, and certain tax debts. However, secured property is still subject to repossession if not handled properly due to your security agreement. Our bankruptcy attorneys will help you properly plan for bankruptcy so as to protect what matters most to you.
When you are dealing with large amounts of secured and unsecured debt, bankruptcy allows you the financial freedom to obtain a fresh start. Once free from things like credit card debt or personal loans, you can put your resources into taking care of non-dischargeable debts, rebuilding your credit and moving on with your life.
Contact a San Diego Bankruptcy Lawyer Today!
You do not need to continue living with the constant worry and stress of unmanageable debts. We can help you find the right solution to deal effectively with your debt problems. Email us or contact us by calling 949-243-7619 or toll free at 888-755-2559 to schedule a free initial consultation with our San Diego unsecured and secured debts attorneys. We can get your case started for little to no money down. Se habla español.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.
