Consult law office of Jeff Cancilla for debt settlements

Reputed bankruptcy attorney

Orange County, CA (prHWY.com) February 1, 2013 - Bankruptcy law is designed to give a solution to the debtor who is imposed with debt and wants to start a fresh life without any harassments or threats from creditors. There are many misconceptions about this law as it is associated with many implications. To find-out the pros and cons of chapter 7 bankruptcy law, consult law office of Jeff Cancilla, a reputed law firm in Orange County.

Due to recession and bad economic growth, many people lost their jobs. This situation has forced them to seek financial assistance from money lenders. People who are unable to repay their debts due to financial problem can seek legal assistance through bankruptcy filing. Bankruptcy filing may give immediate relief from creditors, but the law has its own implications. Therefore it is always advisable to consult a reputed attorney who has done specialization in bankruptcy law. Professional bankruptcy attorney will guide their clients in right direction so that there will be minimal implications from debtor site. Expert attorney go through the case thoroughly and will fill the case in the federal court according to the case requirements.

Bankruptcy filing can be done under any of the chapters starting from chapter 7, 9, 11, 12, 13 and chapter 15. Each chapter includes various legal proceedings according to the federal law. Debtor who wants to file bankruptcy under chapter 7 may get immediate relief through automatic stay order form the court. But there are lot of disadvantages with this chapter like all his non exempted assets will undergo thorough inquiry by the court. It means that debtor will lose all his assets and property which is not a pleasing option. Apart from this once a person files bankruptcy; he will lose all his credit score and credit worthiness. Therefore it is always advisable to consult an expert attorney who has the knowledge about bankruptcy law.

Jeffrey A. Cancilla is an expert attorney from Orange County has years of experience in bankruptcy and credit law. Through his law firm he offers legal assistance to number of clients who comes with debt related issues. Recently he has released a series of videos focusing on pros & cons of chapter 7 bankruptcy law.

To find-out more information about bankruptcy law, logon to http://www.socalbklawyer.com or contact his law firm at 714-532-2577.

Media contact:

Jeffrey A. Cancilla & Associates,
Orange County CA.
URL: http://www.socalbklawyer.com

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Categories: Finance

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