Cerritos 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 Ventura 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
Cerritos 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 bankrupt. In fact, when people speak about this topic, it is the bankruptcy as explained under chapter 7 of the code of the United States of America. Filing for bankruptcy according to Chapter 7 of Bankruptcy Laws is a systematic treatment. Specifically, after the introduction of the new laws in October 2005, now, it has actually become mandatory for you to pas a Means test and go through a credit counseling process from a government authorized credit-counseling agency. Finding an excellent and knowledgeable bankruptcy lawyer especially if you live in Cerritos or in a nearby city. Means Test First, you need to pass a Means test, where all your earnings and necessary expenditures are assessed. The means test includes subtracting the daily essential expenditure (the costs that you can not live without) from the total earnings on a regular monthly basis. It is only if the output is less than the mean income of the state, you can apply for bankruptcy under the Chapter 7 of US Bankruptcy Laws. However, in case, the output is more than the mean earnings of the state, the bankruptcy court will ask you to file under chapter 13 of the code. Credit Counseling Prior to you go on and file under Chapter 7 Bankruptcy Laws, it is important for you to go through a credit therapy procedure. The function of presenting this step is to assess the real financial circumstance of the debtor. The credit therapy firm will check out the financial information of the debtor and will try to help the debtor handle their finances and get it back on track, along with paying the debts that the debtor owe to different lenders. If there is any possibility to obtain the finances of the debtor handled, the debtor will not have the ability 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 needs to apply for bankruptcy under chapter 7 in the location where she or he is permanent local. If the debtor is running an organization in a specific location, he or she need to apply for bankruptcy in its principal business or principal possessions. In general, the primary purpose of the chapter 7 bankruptcy laws is to assist the debtor to get relief from all the debts that he or she presently owes. In this process, the bankruptcy court selects a trustee, who further goes on with the treatment of liquidating all the properties and homes of the debtor. The money thus collected is then used to settle the claims of the various creditors on concern basis, if any. The of chapter 7 bankruptcy laws provide a chance for the debtors to obtain a fresh start for their monetary life, as the bankruptcy code concerning the very same, liquidates all the properties and homes of the debtors after enabling the exemptions, in order to settle the claims of the financial institutions in a nearby region. This way|By doing this|In this manner}, the court brings the wanted financial obligation relief for the debtor.
Map of Cerritos 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