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Is Bankruptcy Right for You

Liviakis Law Firm Team
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Bankruptcy may be the fastest and easiest way to deal with your debt problems. If you do not have a better way to handle your debt, bankruptcy can give you protection from your creditors. Bankruptcy is a legal proceeding where you will want to get professional help to deal with the complicated rules and paperwork.

Automatic Stay

The automatic stay that takes effect when you file your paperwork will temporarily stop creditors from taking any action against you except through the bankruptcy process. Utility shut-off, repossessions, foreclosures, and lawsuits will be immediately stopped.

In most cases, your property will be protected from sale due to bankruptcy exemptions. You must continue to make payments on your secured loans for your homes and vehicles if you want to continue to use the collateral. Bankruptcy permanently eliminates your legal obligation to pay most types of debt. When you successfully complete your bankruptcy, your eligible debt will be discharged.

Credit Report

Most people filing bankruptcy are already late on their bills, and their credit record is damaged. Filing bankruptcy will not make your credit record any worse. Bankruptcy can remain on your credit report for ten years, while default payments on your report can last up to seven years.

If you would like more information about bankruptcy or debt relief contact an Elk Grove bankruptcy attorney.

Our Office

Former Office
1215 K St

Sacramento, CA 95814

Phone: 916 459 2364
New Office
2377 Gold Meadow Way
#100

Gold River, CA 95670

Phone: 916 459 2364

Client Reviews

Mr. Liviakis is extremely knowledgeable and answered all of the questions that we had about our situation. He made a really difficult time manageable with his help and expertise. I would definitely recommend...

Lindsey Joyner

Mik is a great attorney. Very friendly & professional. Price is was bit high compared to other firms. Probably the highest I've seen. If price your thing, checkout other firms. Other than that, Mik will get the...

Oi Vinn

Mik helped us save our home and settle with creditors during the pandemic after we were forced to close our family business for over a year. I am forever grateful. He was kind and professional and followed up...

Jina and Steven Hale

Mr. Liviakis was timely and professional. He patiently answered questions and explained the process. He provided handouts that clearly outlined due dates. The firm's paralegal was very easy to work with. I...

Wes Pohl

I nothing but great Experiences, and great service.

Tony Boone

Positive: Professionalism, Quality, Responsiveness, Value

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