West Hills 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 West Hills 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 West Hills 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 payment strategy to your creditors, and it generally lasts three to 5 years. It offers to pay all or part of your debt from any future income you earn. You can use Chapter 13 to make up missed cars and truck payments, pay back taxes you owe, avoid a bank from foreclosing on your house, keep non-exempt property that you consider valuable, stop interest from gaining on your tax debt, and much more. When you follow the terms of your arrangement to repay your debts, all of your remaining dis-chargeable financial obligations would be released at the end of the payment period. The monetary amount designated to financial institutions 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 need to have a “routine source of income” and disposable income to apply to your repayments. Especially when you live in West Hills CA or in a nearby city.

Typically, a chapter 13 bankruptcy is utilized when you wish to keep protected properties, such as a vehicle or home, where you have more equity in the secured possessions that you can safeguard by using your bankruptcy exemptions. It’s a reorganization of the financial obligations you owe your creditors that are not non-dischargeable financial obligations.

A Chapter 13 bankruptcy allows you to make up your overdue payments gradually and to restore your initial payment arrangement. It might also be a much better choice when you have an important non-exempt home that you wish to keep. To keep a non-exempt property, you must pay the lender for the value of the home.

An exemption limitation would apply to any equity you have in the property. Equity is merely a distinction in between the value of the home and what you owe on it. For example, if you have a truck valued at $10,000 with a loan of $8,500, the truck only consists of equity of $1,500. When you have a residential or commercial property that is held by a loan, the equity you own in that home is covered by your exemptions. That is if you are updated on your payments. Also, if you opt to keep making your typical payments on the loan, you can keep the home throughout and after your bankruptcy term is complete. If the equity is not covered by your exemptions, your financial institution may opt to sell that property then distribute the money arising from the sale. In this case, you would be entitled to the worth of your exemption in the sold-off possession as a cash payment. Present bankruptcy laws enable a married couple filing together to each claim a complete set of exemptions, indicating more property can be secured. 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 remove in bankruptcy consist of debts for individual injury/death triggered by DWI/DUI, back kid assistance, spousal support, debts related to family assistance, student loans, income tax debts within the last 3 years in addition to any other tax debts, penalties for traffic tickets, criminal restitution, and any financial obligations you forget to list in your bankruptcy papers, unless you inform the lender of your bankruptcy case. Other than those non-dischargeable debts, whatever else included in your bankruptcy case will be discharged at the end of your agreed upon bankruptcy duration.

Learn More About West Hills CA

Services We Offer

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Chapter 11 Bankruptcy

Stopping Foreclosures

Emergency Filings

Map of West Hills 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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