Bankruptcy Lawyer Los Angeles One of the biggest decisions in your life may be whether or not you should file bankruptcy. If your debts outweigh your assets, you are facing foreclosure or repossession, and you are unsure of your next move, our Los Angeles bankruptcy lawyer can help you decide whether or not bankruptcy will be able to give you a fresh start in your financial life.Federal and state bankruptcy laws largely determine which chapter of bankruptcy may be right for you. Most individuals who file will choose either a Chapter 7 or a Chapter 13 bankruptcy. If you are not sure which is appropriate for your situation, our bankruptcy lawyer in Los Angeles can help you understand the differences between the two and how they apply to your circumstances. Los Angeles Bankruptcy LawyerA Chapter 7 bankruptcy may also be called a liquidation or straight bankruptcy. A Chapter 7 bankruptcy petition requests the court to discharge your debts. A trustee will be appointed by the court, and his or her primary duty will be to take control of the bankruptcy estate and liquidate non-exempt property in order to pay expenses and some debt. Exempt property includes a portion of your home's equity or family heirlooms and jewelry, or certain other property. Our Los Angeles bankruptcy lawyer will help you determine if you qualify for Chapter 7 bankruptcy.One of the ways to qualify for a Chapter 7 bankruptcy is through the IRS means test. Our bankruptcy lawyer in Los Angeles can help you through this process. If you do not pass the means test, you will most likely qualify instead for a Chapter 13 bankruptcy. A Chapter 13 bankruptcy will provide you with the opportunity to pay off some of your current and past-due debts over the next three to five years and may protect your home or property from foreclosure or repossession. Although some people choose to file a petition for bankruptcy on their own, it is an extremely complex proceeding. The assistance of our bankruptcy lawyer in Los Angeles can be an invaluable help as you begin to navigate the bankruptcy process. Our Los Angeles bankruptcy lawyer will guide you through every detail of the petition to ensure the process goes smoothly and properly. |
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Samuel- Woodland Hills, CA
My wages were being garnished, and I was getting sued by creditors. I could not pay my debts to credit card companies. Hamid Soleimanian filed a chapter 7 bankruptcy for me and stopped my wages from b...