Bakersfield Bankruptcy Lawyer

Posted by: California Bankruptcy Attorney on Apr 09, 2010 Print PDF

Who's looking for a Bakersfield bankruptcy lawyer? More people than you might think. Consider the plight of these recently bankrupt Bakersfield companies:

- Foothills Resources, Inc. -- a Bakersfield oil and gas exploration company had a reorganization bankruptcy approved in January 2010
- General Growth Properties, owners of Bakersfield's Valley Plaza Mall, are struggling to emerge from bankruptcy, but its future remains uncertain
- Reedley Hospital – a taxpayer-supported hospital that declared bankruptcy last year
- Across the city, Blockbuster and Hollywood Video stores are going belly-up, in part due to Netflix, in part due to the economy

A competent California bankruptcy attorney might be able to save your home or your vehicle, if you contact them in time. Just call (877) 427-2752.

The search for a Bakersfield bankruptcy lawyer isn't unique to Bakersfield. Across the state of California, virtually every California bankruptcy lawyer has their hands full with small businesses and average Californians who have been forced into bankruptcy by the recession.
Perhaps fortunately for a California bankruptcy attorney and unfortunately for everyone else, the rate of bankruptcies doesn't seem to be slowing down as the recession starts to slow down. If anything, more people will call up a Bakersfield bankruptcy lawyer in 2010 than in 2009 or 2008. Federal statistics show that the per-month rate of bankruptcy filings hit an all-time high in the first quarter of 2010. If that's the case across the country, you can expect the pain of bankruptcy is hitting California even harder.

You're Not Alone

If you find yourself facing the prospect of bankruptcy, you're not alone. Californians who used to be solidly middle- or working-class are declaring bankruptcy in droves, and it's no different in Bakersfield. Rather than struggle in silence and shame, take the first step of contacting a Bakersfield bankruptcy lawyer to find out what options are available to you. You might be surprised to find out, for example, that a skilled bankruptcy attorney in California might be able to help you keep your home, or your boat, your vehicle, or other personal property that most people assume will have to be liquidated during a bankruptcy.
The first thing your Bakersfield bankruptcy lawyer will do is to help you decide if bankruptcy is really the right option for you, or if your financial woes can be resolved in some less dramatic ways. If they cannot, your lawyer will help you decide which type of bankruptcy best suits your case, and which type of bankruptcy you're eligible for. In a Chapter 7 bankruptcy, most of your debts are completely discharged, but you do have to meet certain requirements to qualify for this type of bankruptcy. Although the bankruptcy laws changed in 2005, an experienced bankruptcy lawyer in California can still help you to squeak through the eligibility process. In a Chapter 13, or “reorganization” bankruptcy, your debts aren't discharged, but your property is less likely to be liquidated to pay off your creditors.

In facing bankruptcy, don't despair. With a compassionate, qualified Bakersfield bankruptcy lawyer, you don't have to face the process alone, and you'll find out bankruptcy isn't as overwhelming as you thought.

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