Pasadena Bankruptcy Attorney | Student Loans | Estate Planning
At the Pasadena Law Office of Terrence Fantauzzi, we can help you with a variety of legal needs. We can set up a meeting in person, over the phone or virtually. If you are struggling financially, contact us or call (626) 993-5127 to learn more about your options.
Filing for bankruptcy can be a complex process. Overseen by Federal Courts, it’s used to help you eliminate debt and let you get back on track financially. A Pasadena bankruptcy attorney can help you determine which of the two primary types of bankruptcy you are eligible for.
Chapter 7 Bankruptcy
This is what most people think about when considering bankruptcy. It’s known as “straight” or “liquidation” bankruptcy. During this process, a federal court trustee arranges for the sale of non-exempt assets. The proceeds of the sale go toward paying off your debt.
KEEP IN MIND: This is the sale of only non-exempt assets. You may be able to keep your home, car, work-related tools, home goods and more.
Any remaining debt is eliminated, with a few exceptions: Student loans, child support, taxes, court-ordered alimony. Learn more about filing for chapter 7 bankruptcy in California here.
Chapter 13 Bankruptcy
Known as “wage earner” bankruptcy, chapter 13 requires a 3 to 5-year payment plan to repay what you owe. If you have steady income and do not qualify for chapter 7, this solution may work for you. After your last payment, any remaining debt may be discharged. Get more information about chapter 13 bankruptcy here.
Any type of bankruptcy negatively affects your credit, but it may be your best option. If you have overwhelming medical bills or are unemployed contact Pasadena bankruptcy attorney Terrence Fantauzzi. We can determine if you are eligible for filing bankruptcy or find explore other solutions that can help you get out from underneath huge debt payments and move forward with the rest of your life.
Federal Student Loans
Are you struggling making student loan payments, or are you dodging collection calls because you stopped making them altogether? You’re not alone! Statutes related to federal student loans are complicated. Not only are there several payment plans available to loan holders, but depending on your specific circumstances, there may be additional options. Give us a call and schedule a student loan consultation. We can discuss the details of your case and help you get into a payment plan that makes sense based on your budget.
Having an estate plan is a way of taking care of your loved ones after you pass away. It can also detail your wishes for medical treatment if you become incapacitated. A comprehensive estate plan doesn’t need to be complicated, but some of the statutes regarding the proper way to set it up can be. Give me a call or contact me to learn more about the basic components of a Pasadena estate plan, such as:
- Healthcare directives
- Financial power of attorney
- Guardianship for you or your minor children
We can sit down in person or online and discuss how you want your assets to be distributed upon your death, setting up a trust to pay for a child’s education and more. Taking this step can give you peace of mind if the unexpected happens.
Focusing on Pasadena bankruptcy, federal student loans and estate planning
I have worked in the community for more than a decade and understand that life sometimes throws curveballs. Whether you are looking for debt relief, want to regain control of your student loan payments or are planning for the future, I can help you decide what actions can help you reach your goals. Contact me or call (626) 993-5127.