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Law Office of James L. Keenan

Help when you need it

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

Sacramento Bankruptcy Basics

Sacramento Bankruptcy Basics

Sacramento bankruptcy basics is a primer post for those considering filing for bankruptcy.  Bankruptcy can be a hard decision.  A really hard one.  But bankruptcy can bring relief.  Lots of it.  The most basic equation for those thinking of bankruptcy is debt.  More debt than income.  That is the common denominator for bankruptcy filers.  So, if you have more debt than you can afford, bankruptcy should be considered.  Not because you want to.  Since you have to.

sacramento bankruptcy basics

But bankruptcy is not that bad.  What many fail to consider is the benefits of bankruptcy.  Namely, it eliminates debt.  Many in Sacramento are living with debt they cannot pay.  Something needs to be done.  But what?  The first Sacramento bankruptcy basics evaluation should be whether your debt is growing.  If it is, that's a sure sign you have more debt than you can afford.  And it's also a sign your debt is likely to get even bigger.  Borrowing to pay off borrowed money is a common phenomenon.  It is unsustainable, though.  Something will eventually have to give.

Debt consolidators are commonplace.  Their pitches are good.  But their impact is bad.  Consolidating your debt is a ding worse on your credit then bankruptcy.  Plus it doesn't eliminate your debt.  Here is a news story revealing the problems.  Sacramento bankruptcy basics should always include avoiding these companies.  This is not a scare tactic.  It is a fact.  Having third parties pay your debt, if that even happens, is worse than bankruptcy on your credit.  And if some of you debt is eliminated, it is taxed.  Debt discharged, or eliminated, in bankruptcy is not taxed.

As a final Sacramento bankruptcy basics point, I invite you to evaluate your bankruptcy options.  You can go to the Sacramento Bankruptcy Court to gather information.  Or you can contact my office for a free evaluation.  All you have to lose is your debt!

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Law Offices of James L. Keenan

2600 H St. Sacramento, CA 95816

Phone: 916-448-6923

Fax: 916-442-6524

Email: jameslkeenan@aol.com

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.