Welcome to Sagaria law. We are a full service debt resolution firm comprised of experienced bankruptcy lawyers that are here to help you with all debt resolution topics. We are experienced in debt relief by way of Chapter 7, Chapter 13 and Chapter 11 bankruptcies. In addition to San Jose, we have 10 bankruptcy and legal debt settlement offices spread throughout the bay area including San Francisco, Oakland, Fremont and Redwood City. Our Roseville legal division provides bankruptcy and legal debt settlement services to Alpine Meadows, Alta, Applegate, Auburn, Bowman, Carnelian Bay, Colfax, Dutch Flat, Emigrant Gap, Foresthill, Gold Run, Granite Bay, Homewood, Iowa Hill, Kings Beach, Lincoln, Loomis, Meadow Vista, Newcastle, Olympic Valley, Penryn, Rocklin, Sheridan, Tahoe City, Tahoe Vista, and Weimer. We offer free consultations, call today to learn more about filing bankruptcy or alternatives to bankruptcy.

Our Roseville bankruptcy solutions revolve around two types of relief. Liquidation and reorganization; chapter 7 is the liquidation solution; and chapters 13 and 11 are reorganizations. There are many variations on why you would qualify for a certain chapter. One of our qualified Roseville bankruptcy attorneys can assist you in which chapter is best suited for your personal situation.

Generally, if you are not involved in saving real property, reorganizing debt such as foreclosing mortgages or auto repossessions and are looking for total relief from debt now, you would qualify for a chapter 7. Before you can qualify for the chapter 7 you must pass the "means test". At our Roseville Law Firm we will be able to foresee if you would qualify for a chapter 7. In order to pass the "means test" your income after adjustment for secured debts (mortgages and auto loans) and after considering household size must not exceed the mean or average cost of living in the bay area (food, shelter, utilities, gas oil and repairs clothing etc) as determined by the fed's.

If income does exceed needs then you cannot file chapter 7 but must dedicate your excess income as determined above to repayment of your unsecured debt i.e. credit cards and judgments. Generally, for you individuals with secured debt under 1 million dollars and unsecured debt under $336,000 you must go into chapter 13 reorganization. Basically you agree to dedicate your excess income as determined by the fed's to unsecured creditors for 5 years. After five years your credit obligations are discharged. Our Roseville Bankruptcy Lawyers can explain why a Chapter 13 is not bad. There are many reasons to use it as stated above. One being if you are behind on home mortgage you can keep your home. In a Chapter 13 you may repay your arrearage over the five year period (e.g. you are 10 months behind at $3,000.00 per month. You repay $30,000.00 over 5 years to your lender and they cannot foreclose.)

Chapter 11 is for corporations, partnerships and debtors with larger debts. This is also a reorganization bankruptcy. Here in our office we have a Roseville bankruptcy attorney that is VERY knowledgeable in Chapter 11 bankruptcies as they are more complex and very involved both for the client, the attorney and the trustee's.

We feel it is HIGHLY important for debtor to understand the bankruptcy laws. In order for you to keep your sanity you need to know what to expect and what is expected of you. We encourage you visit our Roseville Law Firm and meet with one of our seasoned Bankruptcy attorneys, who can explain things to you in a clear, concise way.

This page is just a brief insight into this huge phenomenon in our economy. Everyone has a different financial situation and no one should be assessed the same so Call us today at 408-279-2288 to schedule your free consultation with one of our Roseville Bankruptcy Attorneys. We want to help you gain your financial freedom!

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