Canyon Country Chapter 7 Lawyer
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 San Diego County 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
Canyon Country 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.
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 alternative for people who wish to state them insolvent. In fact, when people talk about this subject, it is the bankruptcy as described under chapter 7 of the code of the United States of America. Declare bankruptcy based on Chapter 7 of Bankruptcy Laws is a systematic treatment. Specifically, after the intro of the new laws in October 2005, now, it has actually ended up being compulsory for you to pas a Means test and go through a credit counseling procedure from a federal government approved credit-counseling agency. Finding an excellent and knowledgeable bankruptcy attorney especially if you live in Canyon Country or in a nearby city. Means Test First, you need to pass a Means test, where all your earnings and essential expenses are evaluated. The means test includes deducting the day-to-day vital expenditure (the costs that you can not live without) from the total income on a regular monthly basis. It is only if the output is less than the mean income of the state, you can declare bankruptcy under the Chapter 7 of US Bankruptcy Laws. Nevertheless, in case, the output is more than the median earnings of the state, the bankruptcy court will ask you to file under chapter 13 of the code. Credit Counseling Prior to you proceed and file under Chapter 7 Bankruptcy Laws, it is necessary for you to go through a credit therapy treatment. The function of introducing this action is to examine the actual financial scenario of the debtor. The credit therapy firm will look into the monetary details of the debtor and will try to help the debtor manage their financial resources and get it back on track, along with paying the financial obligations that the debtor owe to various financial institutions. If there is any possibility to get the finances of the debtor managed, the debtor will not be able to file for 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 The debtor should apply for bankruptcy under chapter 7 in the area where she or he is permanent citizen. If the debtor is running a business in a specific area, he or she ought to apply for bankruptcy in its primary workplace or principal possessions. Overall, the primary purpose of the chapter 7 bankruptcy laws is to assist the debtor to get remedy for all the financial obligations that she or he currently owes. In this procedure, the bankruptcy court appoints a trustee, who further goes ahead with the procedure of liquidating all the assets and residential or commercial properties of the debtor. The money thus collected is then utilized to settle the claims of the different financial institutions on concern basis, if any. The of chapter 7 bankruptcy laws use a chance for the debtors to get a clean slate for their monetary life, as the bankruptcy code regarding the exact same, liquidates all the assets and homes of the debtors after allowing the exemptions, in order to settle the claims of the lenders in a nearby region. This way|By doing this|In this manner}, the court brings the desired financial obligation relief for the debtor.
Map of Canyon Country CA
The Bankruptcy Experts
1605 W. Olympic Blvd. Suite 1024
Los Angeles, CA 90015
Monday – Friday: 8:00am – 6:00pm
Saturday: 10:00am – 4:00pm