Laguna Niguel 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 Santa Barbara 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

Laguna Niguel 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 7 Bankruptcy Attorney in Laguna Niguel 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.

The Chapter 7 Bankruptcy Laws are the most typical alternative for people who want 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 procedure. Specifically, after the intro of the brand-new laws in October 2005, now, it has actually become compulsory for you to pas a Means test and go through a credit counseling procedure from a federal government authorized credit-counseling firm. Finding an excellent and knowledgeable bankruptcy attorney especially if you live in Laguna Niguel or in a nearby city. Means Test Initially, you have to pass a Means test, where all your income and necessary expenditures are assessed. The means test involves subtracting the day-to-day necessary expenditure (the costs that you can not live without) from the total earnings on a regular monthly basis. It is just if the output is less than the mean earnings of the state, you can apply for bankruptcy under the Chapter 7 of US Bankruptcy Laws. Nevertheless, 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 Before you go on and file under Chapter 7 Bankruptcy Laws, it is vital for you to go through a credit counseling procedure. The function of introducing this action is to examine the real financial scenario of the debtor. The credit counseling agency will check out the monetary details of the debtor and will aim to help the debtor handle their financial resources and get it back on track, together with paying the financial obligations that the debtor owe to numerous creditors. If there is any possibility to obtain the finances of the debtor handled, the debtor will not be able to apply 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 Bankruptcy Attorneys in CaliforniaThe debtor should declare bankruptcy under chapter 7 in the location where she or he is long-term citizen. If the debtor is running an organization in a specific area, he or she need to declare bankruptcy in its principal business or principal assets. Overall, the primary function 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 appoints a trustee, who even more goes ahead with the treatment of liquidating all the assets and residential or commercial properties of the debtor. The cash thus collected is then used to settle the claims of the different lenders on priority basis, if any. The of chapter 7 bankruptcy laws use an opportunity for the debtors to get a new beginning for their financial life, as the bankruptcy code regarding the very same, liquidates all the assets and homes of the debtors after permitting 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 wanted financial obligation relief for the debtor.

Learn More About Laguna Niguel CA

Services We Offer

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Chapter 11 Bankruptcy

Stopping Foreclosures

Emergency Filings

Map of Laguna Niguel 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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