As a Bankruptcy Attorney I receive calls everyday from people that want to know if bankruptcy is right for them. Bankruptcy has many variables, as do the clients. Certain clients might benefit from filing for bankruptcy under Chapter 7 of title 11 of the Bankruptcy code, while others might find Chapter 13 to be more beneficial. Chapter 13 bankruptcy requires a debtor to propose a payment plan to the United States Trustee. Having a higher income doesn't automatically disqualify you from bankruptcy.
For explanation purposes let's say you do qualify for a Chapter 7 bankruptcy under the means test, congratulations! Real property and personal property. The reason this is important is because once you file bankruptcy everything you own technically becomes part of the "bankruptcy estate." You can still file bankruptcy so long as you are protected by what are called exemptions. Bankruptcy can be very complicated and requires the interpretation of many laws. Beware of any paralegal or bankruptcy petition preparer that is not an attorney.
Common Questions Asked When Filing Bankruptcy in San Diego - Southern District of California
If you are employed as a scientist or as a company do research anywhere in California, including cities where biotechnology and other medical science is being studied or where research takes place, especially the areas around cities such as Irvine, Orange County, San Diego, Los Angeles, La Jolla, Riverside, Fullerton, San Francisco, Santa Barbara and other cities where there are universities or large research projects taking place in the U.S. and throughout the world, you know that patent laws and patent licensing is acting as a barrier to medical and biotechnology research and preventing advances in science.
If you have a patent legal issue in Irvine, Orange County, La Jolla, San Diego, in the Inland Empire, Los Angeles, Palm Springs or anywhere in Southern California, we have the knowledge and resources to be your Newport Beach Patent Lawyer and your Palm Springs Patent Attorney.
If you need a certain answer you should contact a bankruptcy attorney who is knowledgeable and practices in your jurisdiction.