Law Office of James L. Keenan

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Personal service since 1995

James Keenan Law

Contact me for a free consultation!

PH 916.448.6923

TXT 916.715.6145

EMAIL James now!

Contact me for a free consultation!

PH (916) 448-6923

TXT (916) 715-6145

EMAIL James now!

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Sacramento Bankruptcy & Debt Relief Attorney

Get news, tips and information about bankruptcy filing and debt relief/elimination in Sacramento

Bankruptcy Debt Relief

Bankruptcy Debt Relief

Bankruptcy debt relief is the purpose of filing for bankruptcy. There are many means of seeking debt relief through a bankruptcy filing. The two most common forms of consumer bankruptcy are Chapter 7 bankruptcy and Chapter 13 bankruptcy. Both provide debt relief. Chapter 7 bankruptcy allows consumers to liquidate, or eliminate, their debt. Chapter 13 bankruptcy provides for the reorganization and/or elimination of debt. There are benefits to both these forms of bankruptcy. Each consumer situation and financial fix through bankruptcy is different.

Knowing that bankruptcy debt relief is a potential for individuals and families fighting debt is a benefit on its own. Consumers unable to afford their debt are, obviously, in need of debt relief. Whether that debt relief is through filing bankruptcy or some other form of debt relief is often the biggest decision for consumers in debt. Whatever the financial solution, debt relief is the objective.

Bankruptcy debt relief is typically the most conservative and comprehensive solution to consumer debt debt. The basics of how bankruptcy works are simple. If you have more debt than income to repay it, filing bankruptcy allows you to be relieved of your debt. If you an afford to repay some of your debt, Chapter 13 bankruptcy may be your best bet to eliminate the debt you cannot afford. Chapter 13 bankruptcy can also allow you to reorganize your debt. Reorganizing your debt through Chapter 13 can give you more time to repay your debts, get caught up on secured debts (mortgages and cars) and get rid of what debt you can’t afford. Chapter 7 bankruptcy law permits you to eliminate all your debt.

Whatever the financial fix needed, whether though bankruptcy debt relief or some other method, caution is the key. Make sure your debt relief option is best for your personal financial need. Bankruptcy is applying federal law to deal with your debts. It is conservative and certain.

Other financial options besides bankruptcy debt relief might not be as certain. Debt consolidation or relief agencies often add to your debt more than they relieve it. Credit consolidators or debt settlement agencies are often owned by creditors seeking to steer you away from bankruptcy. Some even are scams. Buyer beware, as this recent news story points out.

Bankruptcy may not work for all but, for those who need it, bankruptcy debt relief is powerful tool. As with whatever financial solution you seek, speak with a professional before you step. Don’t go it alone!

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Law Offices of James L. Keenan

2600 H St. Sacramento, CA 95816

Phone: 916-448-6923

Fax: 916-442-6524


Office Hours: Mon – Fri 8 a.m. – 5:30 p.m.

Evening Appointments Available

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Disclaimer: The legal information presented at this site should not be construed to be formal legal advice, nor the formation of a lawyer or attorney client relationship. Any results set forth herein are based upon the facts of that particular case and do not represent a promise or guarantee. Please contact James Keenan personally for a consultation on your particular matter. This web site is not intended to solicit clients for matters outside of the state of California.