Find Bankruptcy Lawyers Serving San Luis Obispo Area.
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Bankruptcy law provides for the development of a plan
that allows a debtor, who is unable to pay his creditors,
to resolve his debts through the division of his assets
among his creditors. This supervised division also allows
the interests of all creditors to be treated with some
measure of equality. Certain bankruptcy proceedings allow
a debtor to stay in business and use revenue generated
to resolve his or her debts. An additional purpose of
bankruptcy law is to allow certain debtors to free themselves
(to be discharged) of the financial obligations they have
accumulated, after their assets are distributed, even
if their debts have not been paid infull.
got you down? Is the bank trying to take your house? Is
the loan company towing your car? Is the IRS taking a
big chunk out of your paycheck for back taxes? Who are
you going to call? The Bankruptcy Lawyer, thatís who,
or at least that used to be the automatic answer. Unfortunately,
the rules have changed significantly in the last year
or so; bankruptcy may not be the answer that it used to
be. To find out for sure, still call the Bankruptcy
Lawyer San Luis Obispo.
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