Chapter 7 Bankruptcy Attorney Los Angeles Chapter 7 bankruptcies in California are available to individuals, couples, partnerships, and corporations. Often the simplest and fastest form of bankruptcy, a Chapter 7 bankruptcy relies on the IRS means test to determine whether or not an individual or business qualifies. The means test is not always straightforward or easy to determine, which is why the assistance of Hamid Soleimanian, chapter 7 bankruptcy attorney in Los Angeles, can be so beneficial.A Chapter 7 bankruptcy is often called a liquidation bankruptcy. You will begin by filing the bankruptcy forms and providing our Los Angeles chapter 7 bankruptcy attorney with a comprehensive list of your income and its source as well as your asset and debts and your living and other expenses. Although individuals can file for bankruptcy without the assistance of an attorney, it is not advisable. The forms are complex, and a single error can lead to the dismissal of your case. You will be required to re-file, which can be a costly and time-consuming procedure. Los Angeles Chapter 7 Bankruptcy AttorneyOnce you have filed for bankruptcy, you are protected from creditor actions, such as foreclosure, wage garnishments, and repossessions by an automatic stay. You will need to choose between one of two sets of bankruptcy exemptions allowed by California, which will protect a certain portion of your property throughout the bankruptcy proceedings. Any non-exempt property may be liquidated to pay debts. Hamid Soleimanian, chapter 7 bankruptcy lawyer in Los Angeles, can help you determine which set of bankruptcy exemptions may be best for your situation.Any debts that remain will be discharged. Some debts are considered nondischargeable, including certain tax debts, spousal or child support, and student loan payments. In some cases, you may also continue to pay your mortgage or vehicle payments, if you wish to keep your property and reaffirm your debts. Contact Hamid Soleimanian, Chapter 7 Bankruptcy Lawyer Los Angeles Most people do not make the decision to file for bankruptcy lightly, but medical bills, skyrocketing interest rates, and unemployment can leave people with few alternatives. When you are facing a mountain of debt and need the fresh financial start that bankruptcy offers, contact Hamid Soleimanian, Los Angeles chapter 7 bankruptcy lawyer, to learn about your options or to schedule a consultation. |
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Olivia - Oxnard, CA
Hamid Soleimanian settled my personal injury case for $390,000.00. I was well prepared to go to trial, and was my case.