San Francisco Attorney: Bankruptcy Services

Our firm assists clients in both individual and business bankruptcies. We can also assist in stopping the collection activities such as creditor phone calls, foreclosures and repossessions.

Individual Bankruptcy

Most of our clients do not want to file for bankruptcy. However, circumstances such as a job loss, catastrophic health problems or a divorce can often leave them with no other choice. At GoldPoint Law Group, we advise our clients on the best course of action.

There are usually two options for personal bankruptcy:

Chapter 13

Chapter 13 offers individuals who have a steady stream of income to repay their debts while keeping their assets. In addition, the overall amount of debt may be reduced substantially. The court approves and supervises the individual’s bankruptcy petition as well as the proposed plan for repayment of debt.

Chapter 7

Chapter 7 is called the "straight bankruptcy." Chapter 7 bankruptcy cancels most of the client’s debts. However, a client may be obligated to surrender some assets to pay off creditors. A bankruptcy trustee appointed by the court will supervise the process. At the end of the process, all of the client’s debts are discharged.

Business Bankruptcy

Due to the current economic environment, many business are struggling to pay their debts. This financial distress is exacerbated by an inability to secure financing and/or increased competition and/or tax related problems.  

We assist our clients in finding viable solutions, such as debt consolidation, settlement negotiation with creditors and assets sales. Only when these approaches fail do we  resort to filing for bankruptcy in order to obtain debt relief.

Chapter 11

Chapter 11 is used by businesses (although it's open to individuals) to reorganize debt. Chapter 11 allows for a certain amount of flexibility, such as letting the business stay in operation even after filing for bankruptcy protection.

If you or your business is experiencing economic hardship, don't feel hopeless or alone. Call or email us today and let us work with you to arrive at a viable option so that you may have peace of mind.