Folsom Bankruptcy Lawyer – Liviakis Law Firm

Trusted Debt Relief Attorneys Serving Folsom, California

If you’re struggling to keep up with credit card bills, medical debt, or past-due mortgage payments, you’re not alone. Every year, hundreds of hardworking people in Folsom find themselves facing overwhelming debt due to unexpected life changes—job loss, illness, divorce, or rising living costs. At Liviakis Law Firm, we help Folsom residents get a fresh financial start through Chapter 7 and Chapter 13 bankruptcy.

As an experienced Folsom bankruptcy lawyer, attorney Mik Liviakis understands how stressful it can feel when creditors won’t stop calling or when foreclosure or repossession threatens your home or car. Our mission is simple: to give you immediate relief, protect your assets, and guide you toward long-term financial stability.

Why Choose Liviakis Law Firm

At Liviakis Law Firm, we focus on bankruptcy and debt relief in the Eastern District of California, including Sacramento and Placer counties. Our firm has helped thousands of clients stop creditor harassment, discharge unsecured debt, and reorganize finances under court protection.

Here’s what sets our firm apart:

• Personalized Legal Strategy – Every financial situation is unique. We take the time to understand your goals and design a plan that fits your income, assets, and priorities.
• Proven Local Experience – We handle cases before local Chapter 13 Trustee David Cusick and Trustee Lilian Tsang, and we’re familiar with how the process works for cases filed from Folsom and surrounding communities.
• Full Transparency – We explain your rights and options clearly, without pressure or confusing legal jargon. You’ll always know what to expect at every step.
• Compassion and Results – Bankruptcy isn’t about failure—it’s about rebuilding. We take pride in helping clients move forward with dignity and confidence.

Understanding Bankruptcy in Folsom, CA

Bankruptcy is a federal process designed to eliminate or restructure debt while protecting certain property. The two most common types of consumer bankruptcy are Chapter 7 and Chapter 13. Both can stop creditor collection immediately through the automatic stay—a powerful court order that halts lawsuits, wage garnishments, repossessions, and foreclosure actions.

Chapter 7 Bankruptcy – A Fresh Start

Also known as “liquidation bankruptcy,” Chapter 7 helps people wipe out unsecured debts such as:

• Credit cards
• Medical bills
• Personal loans
• Payday loans
• Deficiency balances after car repossessions

In most cases, clients keep their property under California’s generous exemption laws. Folsom homeowners can often protect their home equity using the California homestead exemption, which was significantly increased in recent years. Chapter 7 typically lasts about 4 to 5 months from filing to discharge.

Chapter 13 Bankruptcy – Protecting Your Home and Car

If you’re behind on your car loan or taxes, Chapter 13 bankruptcy allows you to catch up on payments through a structured 3- to 5-year repayment plan. You can prevent repossession and reduce tax payments in certain cases.

This option is especially beneficial for Folsom homeowners who have steady income but need time to reorganize. Many clients use Chapter 13 to keep their home and resolve tax or domestic support arrears.

Bankruptcy Benefits for Folsom Residents

Filing bankruptcy offers immediate and long-term relief:

• Stops Creditor Harassment – No more calls, texts, or threats from collection agencies.
• Ends Wage Garnishment – You regain full control of your paycheck.
• Eliminates Most Debts – Discharge credit cards, medical bills, and personal loans.
• Protects Retirement Savings – 401(k)s, IRAs, and pensions are fully protected under California and federal law.

Who We Help

We assist individuals and families throughout the Folsom, El Dorado Hills, Rancho Cordova, and Greater Sacramento area who are experiencing:

• Job loss or reduced income
• Mounting credit card debt or medical bills
• IRS or Franchise Tax Board collection actions
• Lawsuits or bank levies

Whether you’re a homeowner trying to protect your house, a single parent struggling with bills, or a small business owner recovering from tough economic conditions, Liviakis Law Firm can help you regain control of your finances.

What to Expect When You Contact Us

1. Free Initial Consultation – We’ll review your financial picture, discuss your goals, and outline your best options.
2. Debt Analysis & Case Preparation – We’ll gather income, expenses, and asset details to determine whether Chapter 7 or Chapter 13 fits your needs.
3. Filing & Court Protection – Once we file your case, the automatic stay takes effect immediately.
4. Plan Confirmation or Discharge – We’ll handle all communications with the Trustee, creditors, and the Court to ensure your case proceeds smoothly.

Why Folsom Residents Trust Liviakis Law Firm

Folsom is known for its strong community, vibrant small businesses, and family-friendly neighborhoods. But even in an area as prosperous as Folsom, unexpected setbacks happen. Rising mortgage rates, medical emergencies, and inflation have made it harder for many local families to stay afloat.

Liviakis Law Firm has helped numerous Folsom clients keep their homes, cars, and peace of mind. We believe financial recovery is possible for everyone—and that bankruptcy, when handled strategically, can be the first step toward a better future. Our reputation is built on integrity, transparency, and client success stories across the Sacramento region.

Schedule a Free Consultation Today

You don’t have to face debt alone. Take the first step toward relief by scheduling a free consultation with an experienced Folsom bankruptcy attorney at Liviakis Law Firm. We’ll help you understand your rights, explain your options, and build a plan that works for your family.