Encino Bankruptcy Lawyer Many people who are struggling with heavy debt loads consider filing for bankruptcy, but it can be difficult to know when it might be the best time to do so. The decision to file for bankruptcy can be difficult, and most people struggle with it long before they visit our Encino bankruptcy attorney for their first consultation. Many of them have used credit responsibly in the past but encountered unexpected difficulties, such as divorce, death, medical crises, unemployment, or underemployment.Our Encino bankruptcy lawyer understands the complexities of your situation and has the knowledge to guide you through the various forms and scenarios that can bring you the best possible outcome. We will work closely with you to determine whether you will pass the means test and qualify for a Chapter 7 bankruptcy. A Chapter 7 bankruptcy discharges your eligible debts and remains on your credit record for 10 years after you have filed. If you receive a regular income that is sufficient to pay some of your debts, a Chapter 13 bankruptcy may be more appropriate. A repayment plan will be created, which will allow you to make regular, affordable payments on your secured debts and some of your unsecured debts, after which any remaining debts may be discharged. Our Encino bankruptcy attorney can help you determine which bankruptcy filing status is most appropriate for your situation. Bankruptcy Attorney EncinoOnce the bankruptcy process is completed and you receive your discharge, you may begin to slowly rebuild your credit. Although many people expect their credit scores to be dramatically impacted, this is not necessarily universal. In fact, because so many people struggle with late and missed payments for a long time before they file, they may experience a drop in their score followed by a fast improvement after the discharge.Contract our Encino bankruptcy Attorney today to learn more about the bankruptcy procedure or to schedule your consultation. |
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Testimonials
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...