Have a Question? Call Us: (855) 997-4655

       

Habla Español

Chapter 7 Lawyer California

Do You Need a Chapter 7 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 7 Bankruptcy Lawyers Near Me in California

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

California 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 California and the surrounding areas.

More About Hiring a Chapter 7 Bankruptcy Attorney

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.

The Chapter 7 Bankruptcy Laws are the most typical option for people who want to declare them bankrupt. In fact, when people discuss this topic, it is the bankruptcy as described under chapter 7 of the code of the United States of America. Declare bankruptcy as per Chapter 7 of Bankruptcy Laws is a systematic procedure. Especially, after the introduction of the brand-new laws in October 2005, now, it has actually become necessary for you to pas a Means test and go through a credit counseling procedure from a government authorized credit-counseling agency. Finding an excellent and knowledgeable bankruptcy attorney especially if you live in California or in a nearby city Means Test First, you need to pass a Means test, where all your earnings and necessary expenditures are evaluated. The means test includes deducting the daily necessary expense (the costs that you can not live without) from the overall earnings on a regular monthly basis. It is just if the output is less than the average earnings of the state, you can file for bankruptcy under the Chapter 7 of US Bankruptcy Laws. However, in case, the output is more than the typical income of the state, the bankruptcy court will ask you to file under chapter 13 of the code. Credit Counseling Before you proceed and file under Chapter 7 Bankruptcy Laws, it is necessary for you to go through a credit therapy procedure. The function of introducing this action is to examine the real financial scenario of the debtor. The credit therapy agency will look into the monetary details of the debtor and will attempt to assist the debtor handle their finances and get it back on track, along with paying the debts that the debtor owe to different creditors. If there is any possibility to obtain the financial resources of the debtor handled, the debtor will not be able to declare bankruptcy under Chapter 7. In such case, the court will ask the debtor to file under chapter 13 bankruptcy. When To File Bankruptcy Under The Chapter 7 Bankruptcy Laws Bankruptcy Attorneys in CaliforniaThe debtor should apply for bankruptcy under chapter 7 in the location where she or he is long-term citizen. If the debtor is running a company in a specific area, she or he need to file for bankruptcy in its primary workplace or primary possessions. Overall, the primary purpose of the chapter 7 bankruptcy laws is to help the debtor to get remedy for all the debts that he or she currently owes. In this procedure, the bankruptcy court appoints a trustee, who further goes ahead with the treatment of liquidating all the properties and properties of the debtor. The cash hence collected is then utilized to settle the claims of the various creditors on priority basis, if any. The of chapter 7 bankruptcy laws provide an opportunity for the debtors to get a fresh start for their monetary life, as the bankruptcy code concerning the same, liquidates all the assets and properties of the debtors after enabling the exemptions, in order to settle the claims of the financial institutions throughout the region. In this manner, the court brings the preferred financial obligation relief for the debtor.

Counties We Serve In California

Learn More About California

Services We Offer

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Chapter 11 Bankruptcy

Stopping Foreclosures

Emergency Filings

Map of California

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

Recent Posts

Drop Us a Note.

The Bankruptcy Experts – All Rights Reserved

Site Design By: All The Marbles