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Orange 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 Orange 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 Orange 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 common alternative for individuals who want to state them insolvent. In fact, when people speak about this topic, 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 methodical procedure. Particularly, after the introduction of the new laws in October 2005, now, it has ended up being mandatory for you to pas a Means test and go through a credit counseling procedure from a federal government authorized credit-counseling agency. Finding an excellent and knowledgeable bankruptcy lawyer especially if you live in California or in a nearby county Means Test First, you have to pass a Means test, where all your earnings and important expenditures are evaluated. The means test includes subtracting the daily necessary expenditure (the expenditures 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 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 typical income 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 vital for you to go through a credit counseling procedure. The purpose of presenting this step is to evaluate the actual financial situation of the debtor. The credit counseling agency will check out the monetary information of the debtor and will aim to assist the debtor manage their finances and get it back on track, together with paying the financial obligations that the debtor owe to different financial institutions. If there is any possibility to get the finances of the debtor managed, the debtor will not have the ability 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 needs to file for bankruptcy under chapter 7 in the location where he or she is irreversible resident. If the debtor is running a service in a specific area, he or she ought to declare bankruptcy in its principal place of business or primary possessions. Overall, the primary purpose of the chapter 7 bankruptcy laws is to help the debtor to obtain remedy for all the financial obligations that he or she presently owes. In this procedure, the bankruptcy court selects a trustee, who even more goes ahead with the procedure of liquidating all the possessions and homes of the debtor. The money therefore gathered is then used to settle the claims of the different creditors 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 concerning the same, liquidates all the possessions and properties of the debtors after permitting the exemptions, in order to settle the claims of the creditors throughout the region This way, the court brings the preferred financial obligation relief for the debtor.

Cities We Serve In Orange County CA

Learn More About Orange County CA

Services We Offer

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Chapter 11 Bankruptcy

Stopping Foreclosures

Emergency Filings

Map of Orange 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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