The number of bankruptcies in the state of California and across the United States has been at an all-time high over the past couple of years. With the pandemic and the economy failing, it has left individuals without jobs, losing jobs, resulting in individuals not being able to meet their debt. The increase in the housing market has left owners owing more for a home than it is worth. In seeking relief, many feel their only hope is through filing bankruptcy. Fong Law Group knows about special laws in the state of California that can protect your wages, help you keep your vehicles, and save and keep primary home. By contacting Fong Law Group as soon as possible, you avoid the long term damage it can bring to credit and your ability to borrow money in the future.
Having hounding debt collectors calling your home, cell and work can be extremely stressful. Many of the debt collectors receive a commission on the debts they collect. Often they use unethical practices to attempt to collect a debt from you. They might let you believe they are in the process of filing to garnish your paycheck. However, the state of California limits the amount that a creditor can garnish (take) from your wages for repayment of debts. The debt collector hopes you will make payments to avoid an action they cannot legally take. You need help from a Fong Law Group attorney. We can explain your rights to you and use those rights to stop the debt collector from harassing you and your family.
Your mounding debt may also cause you to fear about the loss of your home. In other states, the debt collector can sue you for the unpaid bill and place a lien on the house in which you live. The California homestead exemption protects a certain amount of equity in your principal residence, and provides your primary home as a sanctuary and thus exempt from the collector’s attempts at forcing you to pay a debt using these tactics. As a Fong Law Group attorney, I am very familiar with the particulars of California law and how these statutes are written for the consumer’s protection.
At Fong Law Group, our experience allows us to provide advice to help you protect your assets, avoid wage garnishments, etc. Fong Law Group will give you insight into the special provisions of the California bankruptcy code, ensuring your decisions have the minimal impact on your financial future. We will evaluate your circumstances, and help you choose the best option for your unique situation.
Call Fong Law Group at (626) 289-8299 for a free consolidation, and talk to an attorney today. We are here to help you get through this difficult time in your life, and help you with a Fresh Start.