“Rancho Bernardo Richard” was part owner of an internet start-up company based in Sorrento Valley. He made a lot of money over the years with various businesses and thought this start-up would be no different. In order to secure the necessary funding for the new business, Rancho Bernardo Richard personally guaranteed unsecured debt to the amount of $75,000.00. For the first year and a half, things went well and business flourished. Beginning in 2010, things started slowing down and Rancho Bernardo Richard soon began putting more money in the business to keep it afloat. Before he knew it, he had debt totaling $125,000.00.
Richard made the smart decision to schedule a free consultation with Rancho Bernardo bankruptcy lawyer Jeffrey Larkin. After reviewing his options and explaining the specifics, Richard decided that a Chapter 7 bankruptcy was his best choice. He understood that one of the reasons bankruptcy laws were created was to encourage the entrepreneurial spirit with an “out” for worst case scenario. Flash forward four months and Rancho Bernardo Richard is debt free and has a new job at Qualcomm. He no longer has the stress of creditors hanging over his head and can focus on what matters to him most, his family.
If you or someone you know is in need of financial relief, make the intelligent decision to contact the Larkin Law Firm today.
Rancho Bernardo is a scenic town located in the beautiful rolling hills of North San Diego. Rancho Bernardo attracts many tourists because of its proximity to upscale boutique shops and restaurants and is also where the oldest winery in Southern California is located. Rancho Bernardo is home to Sony corporate headquarters, in addition to many other major companies. With its mild climate and limitless scenery including trails, canyons, and rolling hills, activities such as golf, hiking, biking and other outdoor activities are enjoyed by Rancho Bernardo residents and visitors alike.
The estimated median detached home in Rancho Bernardo is valued at $671,057 and the median rent is $1,671. Rancho Bernardo’s average median income per household is $100,410.