The Law Office of Richard Sax offering debt relief to families and businesses in Northern California and surrounding Bay Area. Due to COVID 19 we now offer free initial consultations remotely or by telephone, 707-525-1824.

Financial stress can affect all aspects of your life. A bankruptcy filing can do the following:

• Stop creditor harassment
• Foreclosure actions
• Repossession of vehicles
• Garnishment of paychecks
• Discharge debts: Including medical bills and credit card debt
• Deal with liens on property

Bankruptcy can give you the chance to regain control over your finances! There is a new Small Business Reorganization Act that a debtor can take advantage of.

Bankruptcy - Law Offices of Richard Sax


How Bankruptcy Can Affect Your Small Business

After spending years on your business, you may find yourself in a difficult financial situation with mounting debt. Moments like this can feel like the end for your business. Substantial debt does not need to mean it is time to close down the company. Bankruptcy can offer your business a new start.

At the Law Offices of Richard Sax, we have helped Santa Rosa business clients weigh debt relief options to determine which approach will best meet their future goals. We can provide needed representation throughout the bankruptcy process that will protect the company that you have spent years and substantial efforts building.

Why Should Your Business File For Chapter 11?

Reorganization through Chapter 11 bankruptcy allows a business to continue operations while paying down debt through a court-approved payment plan. It will also allow the business to handle the sale of assets rather than a Chapter 7 trustee.

A reorganization plan may involve a number of strategies to help a business return to profitability. These may include:

• Cramming down debts and stretching out debt repayment over time
• Pursuing new business ventures
• Liquidating/selling off certain assets

These are just a few of the options that may be pursued through Chapter 11 bankruptcy to help a business.

We can discuss Chapter 11 and Chapter 7 and decide which might be right for your business. Please call our office at 707-525-1824 for your free consultation to discuss what options are best for you and your business.


Struggling with debt can take a toll on your overall well-being. However, you may only need a little help to regain control of your finances.  At the Law Offices of Richard Sax, we work with clients throughout Santa Rosa and the Bay Area to help them regain financial stability. Chapter 13 bankruptcy allows you to reorganize your debt and prepare a manageable payment plan. We are experienced at negotiating payment plans that fit your budget!

Chapter 13 Bankruptcy

Chapter 13 bankruptcy can address unique issues related to debts like child support, spousal support, tax debt and student loans that are not dischargeable in Chapter 7. It may even halt interest and penalties on certain types of debt, making it the better option.

Wage earner bankruptcy or Chapter 13 follows these steps:

• You create and submit a debt repayment plan.
• After a creditor meeting and plan approval, you make payments for three to five years.
• At the end, any remaining unsecured debt is discharged.

Perhaps the most powerful tool is the ability to remove a second mortgage. If your first mortgage is upside-down, you may be able to eliminate your second mortgage entirely. Similarly, you may be able to reduce the balance owed on a vehicle loan. If you owe $15,000 on a car or truck that is now only worth $8,000, your pay-off amount could be reduced to the current value.

Want to learn more about Chapter 13 and whether it could be right for you? Please call our office at 707-525-1824 to schedule your free consultation!


Mounting debts can become frightening when there is little hope you will be able to pay them off. Could bankruptcy be an option? Chapter 7 bankruptcy can offer the quickest route and become a financial restart button. At the Law Offices of Richard Sax, we understand these fears. Richard Sax will meet with you to determine whether you qualify for Chapter 7. Please call our office at 707-525-1824 to schedule your free initial consultation.

Chapter 7 Bankruptcy Benefits

Once you file, creditors must stop harassing you. Your debt is liquidated allowing you to rebuild your life and credit. You also generally get to keep your vehicle, equity in your home and personal property.

Here is what the process looks like:

• Initial paperwork is completed and filed on your behalf.
• A creditor meeting will be scheduled (usually a trustee, you and your attorney will be the only ones at the meeting).
• After 30-45 days, qualifying debts will be discharged.

When Chapter 7 bankruptcy is the best possible option in your circumstances, we will walk you through each of these steps. As you can see, this process can be completed relatively quickly. We now offer free initial consultations remotely or by telephone. Contact us via our website or give us a call at 707-525-1824.