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Bankruptcy Basics: What Is Bankruptcy & How Do I File?


Bankruptcy can be a difficult process to understand. Knowing the basics of bankruptcy including what it is and how to file can help make the process smoother. Bankruptcy is a legal process that helps individuals who are unable to pay their debts restructure or eliminate their debt. It also provides protection from creditor harassment while allowing individuals to get back on track financially.


When filing for bankruptcy, individuals must decide which type of bankruptcy they wish to file, either Chapter 7 or Chapter 13. Chapter 7 allows debtors to discharge their eligible debts while Chapter 13 reorganizes debts into an affordable repayment plan over three-to-five years based on income levels and other factors. In order to file for either chapter, certain paperwork must be completed and filed with the court as well as additional requirements such as attending credit counseling courses prior to filing and attending creditors’ meetings after filing.





The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.



Our goal is to help you find a fresh start FAST!


Schedule your free consultation just today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706






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