Law Office of Christian Younger
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Practicing

Bankruptcy Law

 

Helping individuals, families, and businesses achieve financial relief

Bankruptcy is a critical decision hundreds of thousands of Americans must make each year, and it is a decision that cannot be made without first being informed of all options.  Bankruptcies provide a powerful way for individuals and businesses to handle their debts. For many, bankruptcy is the quickest and most cost effective way to handle debts. From choosing the right Chapter in bankruptcy to exploring various bankruptcy alternatives, individuals and businesses must decide which option best meets their needs.  Providing expertise, integrity, and compassion to his clients, Christian Younger offers a free consultation to assess your individual needs, goals, and objectives.  Should you decide bankruptcy is the right option for you, Mr. Younger will be with you for every step of the bankruptcy process.  Christian has successfully represented over 3,500 debtors in consumer and business bankruptcies since 2002.

Get in touch with us to set up a free consultation, or use the contact form at the bottom of this page to inquire whether our services are right for you.

 

Contact

➤ LOCATIONs

25 E. Anapamu Street Second Floor
Santa Barbara, CA 93101

811 15th Street Ste. C Modesto, CA 95354

☎ CONTACT

christian@youngerlawsb.com
(805) 335-2466

(209) 414-3232


Types of Bankruptcy & Alternatives

Chapter 7

Known as a "fresh start" bankruptcy, Chapter 7 can eliminate liability on most unsecured debts, such as credit cards, personal loans, medical bills, repossession deficiencies, and some taxes.  Although considered a liquidation bankruptcy, most Chapter 7 debtors do not lose any assets and are able to keep secured loans (e.g. car loans and mortgages) that are current and affordable.


subchapter V

Subchapter of Chapter 11 designed for small businesses. Allows business to reorganize on debts and stay in business. Subchapter V acts more like a Chapter 13, giving business debtors more rights in its ability to restructure debts and obtain a fresh start.  

Chapter 13

A consumer reorganization that allows individuals to consolidate debts into one monthly payment over a 3-5 year period while generally paying less than 100% of unsecured debts.  Ideal for catching up on missed mortgage, automobile, and tax payments, and thus stopping foreclosures, repossessions, garnishments, and bank levies.  


Offer In compromise

IRS option to achieving a "fresh start" by paying less than what is owed on tax debt.  An offer to pay less than the full amount owed is accepted by the IRS when financial hardships are demonstrated through various factors and circumstances. 

Chapter 11

Generally considered a business reorganization but also available to individuals who exceed the debt threshold for Chapter 13. This reorganization will allow businesses to restructure debt while staying in business and returning the maximum amount it can to creditors.


debt settlement

Bankruptcy alternative where unsecured debts are negotiated for less than what is owed.  For example, a $5,000 credit card balance might be settled for $2,000.  The drawback of debt settlement is often payment must be made in full at the time of settlement, and it is a taxable event due to the partial forgiveness of debt.


Contact Us.

Use the form below to contact us regarding your legal inquiry or to setup a free consultation with Christian Younger.  You may also email or call us to make an appointment.

Please, no solicitations.