530-274-0916
Serving The California Marketplace
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530-274-0916
Serving The California Marketplace
Home | About Us | Contact Us

Bankruptcy

About the Bankruptcy Process
When making financial decisions during the process, you should consult your attorney.

Alternatives to Filing Bankruptcy
There is just no easy way to get out of debt, you have to face up to the consequences. A bankruptcy is not always the answer, as the effects are long lasting.

Bankruptcy and Bill Collectors
One of the major benefits of filing for protection under Chapter 7 is that many creditor actions are stayed. This means that debt collection and foreclosure are halted.

Bankruptcy and My Bills
The underlying policy of bankruptcy law is that the honest debtor who is in debt beyond his or her ability to repay the debt should be given a fresh start through the discharge of debts in a bankruptcy proceeding.

Bankruptcy Questions & Answers
Find answers to some commonly asked questions about bankruptcy.

Chapter 7 Bankruptcy
Chapter 7 bankruptcy is a liquidation proceeding. The debtor turns over all non-exempt property to the bankruptcy trustee, who then converts it to cash for distribution to the creditors.

How to Avoid Foreclosure
When you miss your mortgage payments, foreclosure may occur. This is the legal means that your mortgage company can use to repossess (take over) your home.

Your House and Car
Depending upon which exemption scheme is selected and your circumstances, you may exempt up to $100,000 in equity.

Your Property and Assets
Once bankruptcy is filed, all the property of the debtor at the time of the filing and certain other property to be received in the future, becomes the property of the bankruptcy estate.

Disclaimer:
This information deals with Chapter 7 consumer bankruptcy. Each state has its own bankruptcy laws, so you need to check with your state for details. Information dealing with Chapter 13 bankruptcy and consumer debt restructuring is not discussed in the above FAQs. The information contained in the following FAQs is provided for general information purposes only and is not intended to be a legal opinion nor legal advice nor is it intended to be a complete discussion of all the issues related to the area of Chapter 7 consumer bankruptcy. Every individual's factual situation is different and you should seek independent legal advice regarding specific information.

Nevada County Mortgage, a dba Northern Sierra Financial Services
426 Sutton Way #114
Grass Valley, CA 95945
Office: (530) 274-0916
Fax: (530) 274-7620
Real Estate Broker
Department of Consumer Affairs
Bureau of Real Estate
State of California
(877) 373-4542
 
Shelley Mortara
Broker / Loan Consultant
NMLS #254913
BRE #01159350
 
 
Wendy Wells
Loan Consultant
NMLS #254875
BRE #01432994
 

Northern Sierra Financial Services · BRE #01851459 · NMLS #235599

Nevada County Mortgage, a dba Northern Sierra Financial Services
426 Sutton Way #114
Grass Valley, CA 95945
Office: (530) 274-0916
Fax: (530) 274-7620
Real Estate Broker
Department of Consumer Affairs
Bureau of Real Estate
State of California
(877) 373-4542
 
Shelley Mortara
Broker / Loan Consultant
NMLS #254913
BRE #01159350
 
 
Wendy Wells
Loan Consultant
NMLS #254875
BRE #01432994
 

Northern Sierra Financial Services · BRE #01851459 · NMLS #235599