Is Filing for Bankruptcy Bad?

Filing for bankruptcy protection can be a difficult decision to make. However, it may be the best option for you if you are struggling to pay your debts. There are two types of bankruptcies that consumers can file: Chapter 7 and Chapter 13.

Chapter 7 bankruptcy is also known as liquidation bankruptcy. This type of bankruptcy allows you to discharge most of your debts. However, you may have to give up some of your assets, such as your home or car.

Chapter 13 bankruptcy is also known as reorganization bankruptcy. This type of bankruptcy allows you to keep most of your assets and repay your debts over time.

Bankruptcy can have a negative impact on your credit report and credit score. It can also make it difficult to obtain new lines of credit in the future.

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

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

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