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Our Attorneys are Accessible to Clients At the Law Offices of David V. Luu, we believe that a law firm should provide clients access to their attorney from start to finish. We offer the personal attention of an attorney to our clients, never an assistant, paralegal or secretary. We offer direct communication with an attorney to provide clients updates on the status of litigation, thereby focusing our efforts to achieving results for individuals and businesses throughout Santa Ana, California, and the neighboring Orange County cities. We recognize that clients are often unfamiliar with the law and will need an attorney to guide them through the legal arena, whether in the Santa Ana Bankruptcy Court or Orange County Superior Court. For this reason, it is our philosophy to timely respond to clients' inquiries, and to periodically evaluate our strategy in accordance with each client's specific legal and financial objectives.

Thursday, October 21, 2010

Filing Bankruptcy Under Chapter 7

Filing Chapter 7 bankruptcy will generally include the protections of the Automatic Stay and Chapter 7 exemptions, which can help you protect your home, car, wages and other important belongings from creditors, and may prevent foreclosure.


Often, a Chapter 7 bankruptcy will most benefit people who:
· Owe on medical bills and credit card debt.
Bankruptcy is designed to completely wipe out unsecured debts like credit
card and medical bills. Typically, it works quickly, meaning you don't
have to wait years to wipe the slate clean.

· Do not own much property.
Chapter 7 property protections will vary according to state and/or federal
exemption laws. However, generally speaking, a Chapter 7 offers less
protection for your property than Chapter 13 bankruptcy. But, Chapter 7
exemptions may allow you to keep your home, car, and other valuable
possessions such as tools of your trade, furniture, clothes, appliances,
photos and books.

· Do not have much income.
To qualify for Chapter 7 bankruptcy, you must pass the means test. We
can help you with this test by discussing your income and debts and
evaluating your financial situation against the state income median.

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