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Bankruptcy Lawyers - Orange County, California

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Bankruptcy Lawyers in Orange County, CA


Attorney Answers Orange County Bankruptcy Question

Should we short sale our house in Orange county or file chapter 13 bankruptcy to keep the house?

My wife and I are struggling to make this decision. We live in Orange county, California and are contemplating either a short sale of our house or filing chapter 13 bankruptcy. Our credit card debt totals $129K. All payments are current and we have payment plans with 2 of the 4 major cards for $60/month payments with 0% interest. The first mortgage on our house is $637K + $25K behind in payments. Late since Feb 2009. We have a HELOC that is $137K and is current. We can't afford to keep the house and pay back the credit card debt (loss of income situation. Income is now half of what it used to be.) We have an offer on the house for $630K, submitted to the bank and waiting for reply. Bank also offered a loan modification We initially declined thinking it is better to short sale than file chapter 13 bankruptcy. Are we wrong? Help!


Attorney's Response to Bankruptcy Question from Orange County

For the chapter 13 bankruptcy in Orange county, California: If you get out from under the house, can you meet your credit card payments, even with them at 0% interest and stretched out? Be honest. That's the real issue. If you truly can handle the credit card debt (while paying to live somewhere--wherever you move, you'll have some combination of rent, taxes, mortagage, insurance, utilities, etc.), then if you can get a short sale that will get you out form under the mortgage and HELOC, that's good.

But here's where the "be honest" comes in. If you are going to struggle, and possibly fail, to pay the $129k in credit card debt on top of your taxes, housing, cost of living, etc., then your best option is probably bankruptcy.

You need solid advice here. Find a bankruptcy attorney in Orange county, CA, one you feel good about and share your entire situation with him or her--your debt, your payment history, your income, your assets, the whole 9 yards, and get advice from him or her on what to do. Most bankruptcy lawyers will give you a free or low cost initial consultation. If you don't have any referrals to a bankruptcy lawyer in Orange county, this site can help you, or call your state or local bar.

To make your time with a bankruptcy attorney productive, go in armed with ALL of your financial info and after having done some soul searching on whether or not you can handle the credit card debt.

Good luck.


Have a question for a Orange County Bankruptcy Attorney, ask here.



AFFORDABLE AID

13271 Harbor Boulevard Suite G, Garden Grove, CA

(714) 590-6000
Ablon Herman Attorney

30240 Rancho Viejo Road, San Juan Capistrano, CA

(949) 248-8040
Appel Gary

222 Fashion Ln, Tustin, CA

(714) 558-0366
Baron & Behrndt LLP

12371 Lewis Street Suite 103, Garden Grove, CA

(714) 703-2000
Budget Legal Centers

3502 Katella Avenue Suite 206, Los Alamitos, CA

(562) 430-3553
Calder & Mello APC

319 East Palm Drive Suite D, Placentia, CA

(714) 572-2848
Chow & Hamilton

5681 Beach Boulevard Suite 201, Buena Park, CA

(714) 521-1437
Covas John Michael -Attorney At Law

7511 Santiago Canyon Road, Silverado, CA

(714) 547-4426
Dale M Fiola Law Offices

200 North Harbor Boulevard Suite 217, Anaheim, CA

(714) 635-7888
Edward H Stone

18201 Von Karman Avenue Suite 1160, Irvine, CA

(949) 833-7708
Fleming Jeff atty

26170 Enterprise Way, Lake Forest, CA

(949) 770-7030
Fredrick Lee Law Offices Of

5821 Beach Boulevard, Buena Park, CA

(714) 739-1234
Gavriel R Michelle Attorney At Law

5030 Katella Avenue Suite 209, Los Alamitos, CA

(562) 598-4013
Genovese Michael

2030 Main Street, Irvine, CA

(949) 660-1600
Gibbs Law Firm Apc The

110 East Avenida Palizada Suite 201, San Clemente, CA

(949) 492-3350  |  Send Email
Glaser John Stephen atty

10175 Slater Avenue, Fountain Valley, CA

(714) 963-8951
Hertz Law Offices

25252 Hugo Road, Laguna Niguel, CA

(949) 481-4944
Huettl Richard Law Office Of

10810 Walker Street, Cypress, CA

(714) 226-0022
Jerald E Gale atty

30240 Rancho Viejo Road, San Juan Capistrano, CA

(949) 248-8040
Kevin H Mello atty

319 East Palm Drive, Placentia, CA

(714) 572-2848
Kossler Richard Attorney

5550 Cerritos Avenue, Cypress, CA

(714) 761-3362
Kurtz Anderson & Associates

26632 Towne Centre Drive Suite 220, Foothill Ranch, CA

(949) 768-8122
Larry C Francher Attorney

418 East La Habra Boulevard, La Habra, CA

(714) 870-9972
Law G Bankruptcy Office Of Robert Winterbotham

22605 La Palma Avenue, Yorba Linda, CA

(888) 226-8729
Law Offices Of Nantha & Associates

15622 Brookhurst Street, Westminster, CA

(714) 866-0412
Lorna C Greenhill Attorney At Law

13820 Seal Beach Boulevard, Seal Beach, CA

(562) 596-7763
Mead And Mead Attorney Attorney

19 Princeton Trail, Trabuco Canyon, CA

(949) 766-9333
Miller And Miller-Bazemore Attny

12535 Seal Beach Boulevard, Seal Beach, CA

(562) 493-4899
Nardulii Law Firm The

19800 MacArthur Boulevard Suite 1000, Irvine, CA

(949) 861-2090
Office R Law Of Scott Cadzow

111 Avenida Del Mar Suite 201, San Clemente, CA

(949) 361-9413
Offices J Law of Raymond Seo

1 Centerpointe Drive Suite 375, La Palma, CA

(714) 418-0260
Peterson And Colantoni

999 Corporate Drive Suite 100, Ladera Ranch, CA

(949) 481-0400
Real Property Law Group

23120 Alicia Parkway Suite 200, Mission Viejo, CA

(949) 598-9624
Ronald G Parker

1235 North Harbor Boulevard, Fullerton, CA

(714) 738-0667
Scott S Streed

595 West Lambert Road, Brea, CA

(714) 257-1777
Thomas H Casey Inc

22342 Avenida Empresa Suite 260, Rancho Santa Margarita, CA

(949) 766-8787
WINTERBOTHAM PARHAM TEEPLE

28202 Cabot Road Suite 300, Laguna Beach, CA

(949) 831-5777
Wallace L Mitchell II

900 West 17th Street, Santa Ana, CA

(714) 850-0070
White & Roseman Bruce David White

1201 Dove Street Suite 480, Newport Beach, CA

(949) 622-6100
Wolfson Law Firm The

27422 Portola Parkway, Foothill Ranch, CA

(949) 588-2273
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