Temecula Bankruptcy Lawyer –
Chapter 7 & 13

Frequently Asked Questions About Bankruptcy in Temecula

Q: Do I need a bankruptcy attorney in Temecula to file for bankruptcy?

A: While it’s possible to file on your own, bankruptcy laws are complex. An experienced Temecula bankruptcy lawyer like David Nelson can help ensure your case is filed correctly and maximize the protection of your assets. Mr Nelson is familiar with the Temecula and Riverside County real estate markets, how much groceries cost in Riverside County, and even how far you commute.

​

Q: Can I keep my house if I file for bankruptcy in Riverside County?

A: In many cases, yes. Depending on your situation, Chapter 13 may allow you to catch up on missed mortgage payments, while exemptions in Chapter 7 may protect equity in your home. Be sure to tell your Lawyer David Nelson, how long ago you purchased your home, what was the closing date? 

​

Q: What is the difference between Chapter 7 and Chapter 13 bankruptcy?

A: Chapter 7 is often called “liquidation bankruptcy” and can eliminate most unsecured debts in a few months. Chapter 13 is a repayment plan also called a consolidation plan, which lasts 3–5 years and can help you save your home or car.

​

Q: How long does bankruptcy take in Temecula?

A: A Chapter 7 bankruptcy usually takes 3–6 months, while a Chapter 13 case lasts 3–5 years. The right choice depends on your financial situation.

​

Q: Will bankruptcy stop creditors from calling me?

A: Yes. Once your case is filed, an “automatic stay” (or temporary restraining order) goes into effect, stopping creditor calls, wage garnishments, and most collection actions immediately. All legal actions to collect from you stop dead in their tracks. Even if a creditor has a money judgment against you, the final order in your bankruptcy called the Dischasrge Order (which is a permanent injunction against collections against you) voids the judgment. There are exceptions for things like Support and Student Loans as you know.