Bankruptcy Law
Tang & Associates is your trusted partner in navigating bankruptcy law in California. Our team of professionals is dedicated to providing comprehensive guidance and personalized solutions to individuals and businesses facing financial distress.
With our deep understanding of California’s bankruptcy laws, we offer tailored strategies to alleviate your financial burdens. Whether you’re considering bankruptcy or exploring alternatives, our firm ensures transparent guidance to help you make informed decisions. We help clients with all types of bankruptcy, including:
Chapter 7
Often referred to as liquidation bankruptcy, Chapter 7 involves the sale of non-exempt assets to settle debts. Eligible debts are discharged, providing a fresh financial start for individuals or businesses. Certain assets may be exempt under California state law.
Chapter 13
Known as reorganization bankruptcy, Chapter 13 allows individuals with a regular income to restructure their debts through a repayment plan spanning three to five years. It enables debtors to retain their assets while catching up on overdue payments, especially mortgage or car loan arrears.
Chapter 11
Primarily utilized by businesses, Chapter 11 permits reorganization of debts while allowing continued operation. It involves a restructuring plan approved by creditors and the court, aimed at reducing debts and improving profitability.
At Tang & Associates, we prioritize client satisfaction and strive to ease the complexities of the bankruptcy process. Our commitment extends to compassionate support and meticulous attention to detail in every case we handle.
Contact us today for a confidential consultation to discuss your situation and explore the best course of action toward a brighter financial future.