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Los Angeles County 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 Los Angeles 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

Los Angeles 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 Los Angeles County 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 choice for people who wish to declare them bankrupt. 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 according to Chapter 7 of Bankruptcy Laws is a systematic treatment. Particularly, after the intro of the new laws in October 2005, now, it has become mandatory for you to pas a Means test and go through a credit therapy process from a government authorized credit-counseling firm. Finding an excellent and knowledgeable bankruptcy lawyer especially if you live in California or in a nearby county Means Test Initially, you have to pass a Means test, where all your earnings and important expenditures are assessed. The means test involves deducting the everyday essential expenditure (the expenditures that you can not live without) from the overall earnings on a month-to-month basis. It is just if the output is less than the average 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 therapy treatment. The function of introducing this action is to evaluate the actual financial circumstance of the debtor. The credit counseling agency will check out the financial details of the debtor and will aim to assist 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 managed, 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 Bankruptcy Attorneys in CaliforniaThe debtor should declare bankruptcy under chapter 7 in the area where she or he is long-term local. If the debtor is running a company in a particular location, he or she ought to declare bankruptcy in its principal place of business or principal properties. In general, the main purpose of the chapter 7 bankruptcy laws is to assist the debtor to get relief from all the debts that he or she currently owes. In this procedure, the bankruptcy court selects a trustee, who even more goes ahead with the treatment of liquidating all the properties and residential or commercial properties of the debtor. The money thus collected is then utilized to settle the claims of the various lenders on concern basis, if any. The of chapter 7 bankruptcy laws offer an opportunity for the debtors to obtain a clean slate for their monetary life, as the bankruptcy code regarding the exact same, liquidates all the assets and residential or commercial properties of the debtors after enabling the exemptions, in order to settle the claims of the creditors throughout the region By doing this, the court brings the desired financial obligation relief for the debtor.

Cities We Serve In Los Angeles County CA

Learn More About Los Angeles County CA

Services We Offer

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Chapter 11 Bankruptcy

Stopping Foreclosures

Emergency Filings

Map of Los Angeles County 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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