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When Is Bankruptcy Right For Me?

Liviakis Law Firm Team

Every year, millions of Americans are faced with financial problems that threaten their ability to provide for their families. The negative consequences of debt, income loss, and the inability to get out of debt can have painstaking effects. When reviewing options for relieving debts, not all solutions are created equal. In fact, there is a time and place in which bankruptcy may be the best option for you.

Balancing Benefits and Risks

Debt relief options such as consolidation loans and settlements may offer a more affordable way out of debt than negotiating with lenders directly. However, they often come with high up-front fees and lengthy payment plans. Further, debt settlements and consolidation loans may still leave you at risk from your creditors. If you have collateral or assets tied to any defaulted loans, you may be at risk of repossession, eviction, garnishment, or foreclosure.

Filing for bankruptcy, on the other hand, can offer you immediate protection from creditors, debt collections, and the loss of assets or collateral. Bankruptcy offers greater protection than other debt relief strategies when it comes to protecting property. Bankruptcy can also offer a full debt discharge; a legal release of liability from an owed debt. Many people find themselves out of debt faster, easier, and with greater protections.

If you are experiencing problems paying your debts or making ends meet, contact our Sacramento bankruptcy attorney office today to learn more about how bankruptcy may help you rebuild your financial future.

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

Linda Todd

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