{"id":419,"date":"2014-02-26T01:36:43","date_gmt":"2014-02-26T01:36:43","guid":{"rendered":"http:\/\/bankruptcy.thompsonwedeking.com\/?page_id=92"},"modified":"2014-04-01T16:46:46","modified_gmt":"2014-04-01T16:46:46","slug":"chapter-7-debt-relief","status":"publish","type":"page","link":"http:\/\/www.thompsonlawsd.com\/practice-areas\/chapter-7-debt-relief\/","title":{"rendered":"Chapter 7 Debt Relief"},"content":{"rendered":"<h2 class=\"blue\">San Diego Bankruptcy Lawyer<\/h2>\n<p>Chapter 7 bankruptcy filing is the most commonly utilized\u00a0bankruptcy chapter\u00a0in San Diego. They are so popular in San Diego because they immediately STOP:<\/p>\n<ul>\n<li>Wage Garnishment<\/li>\n<li>Credit Card Harassment<\/li>\n<li>Tax Liens<\/li>\n<li>Medical Bills<\/li>\n<li>Judgements and Lawsuits<\/li>\n<li>And More<\/li>\n<\/ul>\n<p>Your San Diego bankruptcy lawyer can decide if\u00a0Chapter 7 Liquidation\u00a0is right for you.<\/p>\n<p>The term \u201cliquidation\u201d is not defined in the Bankruptcy Code but refers to a Chapter 7 bankruptcy that provides debt relief by the administration, collection, and sale of a debtor&#8217;s assets by a bankruptcy trustee and the distribution of the proceeds, after payment of administrative expenses, to pay creditors. Chapter 7 of Title 11 of the bankruptcy law is entitled \u201cLiquidation.\u201d The term is also used in connection with the fixing of debt relief claims. Only a small number of Chapter 7 bankruptcy cases filed are actually asset cases. In most bankruptcy cases, the assets of a debtor are exempt and not liquidated to pay creditors. Liquidation can also take plan pursuant to a Chapter 11 plan.<\/p>\n<p>One of the most dramatic changes brought to bankruptcy practice with the 2005 Amendments is the \u201cmeans test\u201d to determine whether a Chapter 7 bankruptcy petition is an abuse and should be either dismissed or converted to a Chapter 11 or 13, each requiring debt relief repayment plans. The bankruptcy means test was designed to prevent potential San Diego debtors with net income over a specified level from utilizing Chapter 7 bankruptcy. The method of employing the means test is under the \u201cabuse\u201d provisions of Bankruptcy Code. Bankruptcy lawyers will tell you that Debtors must either convert the debt relief case to a Chapter 13 or Chapter 11 repayment plan, or suffer dismissal of the case if the net income shown on the petition is above a specified level. The net income level utilized in Code was originally created by, and for, the IRS to determine its own repayment plans. \u00a0Previously, there was no limit to the income a San Diego Chapter 7 debtor could have, and there was no duty to contribute personal service income toward a repayment plan. The U.S. Trustee is charged with the duty to oversee the requirement by reviewing each Chapter 7 bankruptcy petition, and reporting to the creditors whether a motion to dismiss is appropriate. \u00a0The Trustee and your bankruptcy lawyer work closely to administer your debt relief case.<\/p>\n<p>The experienced\u00a0<a title=\"About the Firm\" href=\"http:\/\/bankruptcy.thompsonwedeking.com\/about-the-firm\/\"><b>San Diego Bankruptcy Lawyers<\/b><\/a><b>\u00a0<\/b>at Thompson | Wedeking can start your debt relief filing today. \u00a0For over 35 years we have been providing San Diego and Southern California with the financial peace of mind that a fresh start can bring. \u00a0Don\u2019t let your debts get out of control. \u00a0<a title=\"Contact Us\" href=\"http:\/\/bankruptcy.thompsonwedeking.com\/contact-us\/\">Contact us<\/a> TODAY for a free case evaluation.<\/p>\n<ul>\n<li><a title=\"Stop Wage Garnishment\" href=\"http:\/\/bankruptcy.thompsonwedeking.com\/stop-wage-garnishment\/\">Stop Wage Garnishment<\/a><\/li>\n<li><a title=\"Stop Personal Loans\" href=\"http:\/\/bankruptcy.thompsonwedeking.com\/stop-personal-loans\/\">Stop Personal Loans<\/a><\/li>\n<li><a title=\"Stop Medical Bills\" href=\"http:\/\/bankruptcy.thompsonwedeking.com\/stop-medical-bills\/\">Stop Medical Bills<\/a><\/li>\n<li><a title=\"Stop Tax Liens\" href=\"http:\/\/bankruptcy.thompsonwedeking.com\/stop-tax-liens\/\">Stop Tax Liens<\/a><\/li>\n<li><a title=\"Stop Credit Card Harassment\" href=\"http:\/\/bankruptcy.thompsonwedeking.com\/stop-credit-card-harassment\/\">Stop Credit Card Harassment<\/a><\/li>\n<li><a title=\"Stop Judgments and Lawsuits\" href=\"http:\/\/bankruptcy.thompsonwedeking.com\/stop-judgments-and-lawsuits\/\">Stop Judgments and Lawsuits<\/a><\/li>\n<li><a title=\"Stop Lease Enforcement\" href=\"http:\/\/bankruptcy.thompsonwedeking.com\/stop-lease-enforcement\/\">Stop Lease Enforcement<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>San Diego Bankruptcy Lawyer Chapter 7 bankruptcy filing is the most commonly utilized\u00a0bankruptcy chapter\u00a0in San Diego. They are so popular in San Diego because they immediately STOP: Wage Garnishment Credit Card Harassment Tax Liens Medical Bills Judgements and Lawsuits And More Your San Diego bankruptcy lawyer can decide if\u00a0Chapter 7 Liquidation\u00a0is right for you. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":418,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FIle Chapter 7 Bankruptcy in San Diego || Thompson | Wedeking<\/title>\n<meta name=\"description\" content=\"If you are considering filing for Chapter 7 Bankruptcy in San Diego, contact our offices today for a free consultation and evaluation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.thompsonlawsd.com\/practice-areas\/chapter-7-debt-relief\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FIle Chapter 7 Bankruptcy in San 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