Thinking About Bankruptcy?
Think about success, not failure
Stop thinking about bankruptcy as a financial failure. Stop talking about past debt and let's start talking about using bankruptcy to take control of your future.
Bankruptcy, when it makes sense, can make you far more successful, more quickly, than you could have ever been without it.
What are you going to do?
I want you to think clearly about your situation. If you're here, there must be something about your financial situation that you're concerned about.
What you should be doing, I believe, is to stop thinking about the past and start focusing on your future.
What will your life look like in a few years?
Will you still be struggling to get ahead, to start a business, to save money because you're still paying off old, high interest debt?
What did Walt Disney do when his business collapsed in the 1920s? What choice did Disney make?
Saddled today's equivalent of $175,000 in debt and a failed business, Disney could have spent years struggling to catch up, stuck in his old job (he did have a 9-5 job before becoming famous), and we the world would have never known Mickey Mouse.
Instead, Walt Disney chose to deal firmly with debt, moved to California, and we all know how successful he became.
What are you going to?
Should you file for bankruptcy?
Let's talk about it, together.
For some people, bankruptcy is exactly what they should do, right away, to be more successful more quickly.
For others, bankruptcy is the wrong choice, at least right now. There are some reasons to wait or not file at all.
Let's talk about your situation.
We'll talk by phone for 30-60 minutes. No paralegals, no assistants, just you and I, available nights and weekends.
I strongly believe bankruptcy is a story about success, not failure.
Attorney Michael Rice, founder Sidewalk Legal
What is bankruptcy, anyway?
Bankruptcy is, simply, a legal proceeding where you ask a court to relieve you from paying your debts. More importantly, however, it's an opportunity to reset your financial life over a few weeks or months, instead of the years or decades it might take otherwise.
Bankruptcy is a chance at a fresh start, and it's a very powerful tool if you've gone through some financial hardships, whether you struggled in your business, your career took a hit, you had some medical issues, or your debt just got out of control.
I can't say it often enough.
I believe that bankruptcy isn't about past failures or whatever situations got out of control. It's an opportunity to start over, get out from under the past, and quickly get started on your future.
In the vast majority of cases, bankruptcy is a very routine procedure that almost one million Americans go through every year.
At the end of your case, you're asking the court for a discharge, which means you get a fresh start and don't have to pay your debts anymore.
How does bankruptcy work?
For the vast majority of people, bankruptcy is relatively straightforward.
You start by collecting a lot of information about your financial life. The court will need to know what your debts are and whether you have any kind of assets that you might be able to pay to creditors.
Then you'll work with your lawyer to fill out a lot of forms. Many people are surprised at the number of forms and questions in bankruptcy, but remember they are there primarily to figure out whether you have any assets at all that you could pay to creditors.
In filing out the forms, you will claim "exemptions" in your property, which means the majority of people keep all their assets: cars, household stuff, even their houses in most cases.
You'll meet, with your lawyer, if you have one, with a trustee who will ask some questions about your papers to see if, again, if there are some assets.
Finally, you'll wait for the bankruptcy court to grant a discharge. The whole process typically takes two to three months. Of course there are some issues that can arise, but that's the most common path.
How much does bankruptcy cost?
Some are surprised to find out that it costs money to file for bankruptcy. After all, if you're filing for bankruptcy, you probably don't have a lot of money to spend.
But everyone involved in the process of getting you a fresh start needs to make money, just like you do, from the bankruptcy court itself, to your attorney, and even the trustee.
Still, bankruptcy can be very affordable.
For instance, my firm charges nothing for a free consultation.
And you can get started with a case for as little as $100 to start.
If your case makes sense, then you can start with a very small initial payment to get started with your bankruptcy case, and, most importantly, you can tell you creditors they need to talk to me and are not longer allowed to contact you.
Finally, the bankruptcy court itself charges a $335 fee for most cases ("Chapter 7" cases).
Between the payment plans for attorney fees and the amount of debt you can erase, bankruptcy with my first is usually a great value.
You can start a case with me for as little as $100.
Let's talk about you.
Let's talk about your success and if bankruptcy will help you get there.
We'll talk on the phone for half an hour or more. Here are some of the things we'll talk about:
What you want your life to look like in 2-3 years
What brought you to this moment and what you're most worried about
If there are any "red flags" in your situation to think about
What your next steps should be
Most people say these initial conversations are very useful and helpful, so take me up on the free offer.
All free. Totally confidential. No paralegals or assistants. Just you and I.
I look forward to talking with you soon!
Or call (310) 504-6981
WE MAKE PEOPLE SUCCESSFUL
"I was impressed by his willingness to help me even though I was in a bad financial state."
"I refer clients to Michael with the utmost confidence that they are in good hands."
"We could have never got our discharge without Michael!"