Gardena Chapter 13 Lawyer

Do You Need a Chapter 13 Bankruptcy Attorney?

It’s time to consider bankruptcy if your life has been taken over by looming foreclosure, constant badgering phone calls from creditors, lawsuits or garnishments of your wages or property. Or maybe your debt has you trapped due to the amount of each payment and the extent of the debt. There are many kinds of debt that can get you into these situations, including medical bills, credit card balances, falling behind on your mortgage, loans and back taxes owed to the government and even car repossessions.

Chapter 13 Bankruptcy Lawyers Near Me in Gardena CA

Experienced, professional bankruptcy attorneys understand the difficulties and worries you face. We know your best options. We are here to help and will work with you to alleviate your financial uncertainty. Even before your bankruptcy petition is filed, an attorney can help shield you from creditor harassment. In a non-judgmental and supportive way, we can help you understand your options, the process of filing for bankruptcy, and help lift the burden of financial uncertainty.

Free Bankruptcy Consultation – Call Now (855) 997-4655

Los Angeles County Bankruptcy Attorney, The Bankruptcy Experts, are dedicated BK Lawyers with over 10 years experience in dealing with the complex issues concerning bankruptcy. We have the skills and expertise to handle any type of bankruptcy problems you might be experiencing. We proudly offer our services to businesses and individuals throughout Los Angeles and the surrounding areas.

More About Hiring a Chapter 13 Bankruptcy Attorney in Gardena CA

You may feel hopeless, and at the mercy of a faltering economy, but don’t despair. Relief is available, and there is no shame in using the law to protect yourself when you are buried under a pile of debt. You aren’t responsible for the economy, and you didn’t create the mortgage crisis. So use the law to protect yourself and your family.

A Second Chance

Bankruptcy laws are in place to help Americans get a second chance when they are snowed under by economic pressures. You have rights, including the right to be free from harassment by creditors. If your creditors are hounding you, you can make them pay. And if your debt has become more than you can manage, you may be able to file for bankruptcy.

Best Bankruptcy AttorneyIn Chapter 13 bankruptcy, you propose a repayment strategy to your lenders, and it generally lasts 3 to five years. It uses to pay all or part of your financial obligation from any future earnings you earn. You can use Chapter 13 to make up missed out on cars and truck payments, repay taxes you owe, prevent a bank from foreclosing on your house, keep non-exempt residential or commercial property that you deem important, stop interest from gaining on your tax debt, and far more. When you follow the terms of your agreement to repay your debts, all your staying dis-chargeable debts would be released at the end of the repayment duration. The financial amount assigned to lenders under a Chapter 13 bankruptcy must be equal to the amount they would have received if a Chapter 7 bankruptcy had actually been filed. To file Chapter 13 bankruptcy, you should have a “routine income” and disposable income to use towards your repayments. Especially when you live in Gardena CA or in a nearby city.

Usually, a chapter 13 bankruptcy is used when you wish to keep protected possessions, such as an automobile or house, where you have more equity in the protected possessions that you can safeguard by utilizing your bankruptcy exemptions. It’s a reorganization of the financial obligations you owe your lenders that are not non-dischargeable debts.

A Chapter 13 bankruptcy permits you to make up your past due payments gradually and to restore your original repayment agreement. It might likewise be a much better option when you have a valuable non-exempt property that you wish to keep. To keep a non-exempt home, you should pay the financial institution for the value of the property.

An exemption limit would apply to any equity you have in the property. Equity is just a distinction between the worth of the residential or commercial property and what you owe on it. For instance, if you have a truck valued at $10,000 with a loan of $8,500, the truck just consists of equity of $1,500. When you have a home that is held by a loan, the equity you own in that residential or commercial property is covered by your exemptions. That is if you are updated on your payments. Likewise, if you decide to keep making your typical payments on the loan, you can keep the residential or commercial property throughout and after your bankruptcy term is total. If the equity is not covered by your exemptions, your creditor may choose to sell off that property then distribute the money resulting from the sale. In this case, you would be entitled to the value of your exemption in the sold-off possession as a cash payment. Current bankruptcy laws permit a married couple filing together to each claim a full set of exemptions, implying more residential or commercial property can be safeguarded. All of this is common in California and throughout the region, and remember, the time to do something is now.

The non-dischargeable financial obligations you can not eliminate in bankruptcy consist of debts for individual injury/death brought on by DWI/DUI, back child support, spousal support, financial obligations related to household assistance, trainee loans, income tax financial obligations within the last three years as well as any other tax debts, charges for traffic tickets, criminal restitution, and any financial obligations you forget to list in your bankruptcy papers, unless you inform the financial institution of your bankruptcy case. Other than those non-dischargeable debts, everything else consisted of in your bankruptcy case will be released at the end of your decided upon bankruptcy period.

Learn More About Gardena CA

Services We Offer

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Chapter 11 Bankruptcy

Stopping Foreclosures

Emergency Filings

Map of Gardena CA

Our Address

The Bankruptcy Experts
1605 W. Olympic Blvd. Suite 1024
Los Angeles, CA 90015

Office Hours

Monday – Friday: 8:00am – 6:00pm

Saturday: 10:00am – 4:00pm

Sunday: Closed

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