Paying Down Your Debts
Most people encounter debt during their lifetime, either as a student loan or a credit card balance. Several debts may not be a risk. However, unmanageable debts may be challenging and affect your personal life. Paying down debt is the first critical step in managing your debts. You should consider the debts you are facing and make a plan to handle the debt first. Notably, when paying your numerous debts, you need to consider the priority debts above others. You may speak with your La Tuna Canyon Bankruptcy attorney for guidance on how to pay your debts.
Failure to eliminate the debts immediately can seriously affect the debt elimination process. Additionally, falling behind on car loans, mortgage payments, or utility payments may result in repossession of your car, foreclosure of your house, or cut off of utilities. Apart from the hardships that the actions may create, the debts carry less interest than other types of debts. Failure to pay taxes and child support takes serious concerns, resulting in raised interests and jail.
Certified Bankruptcy Specialist Makes The Law Work For You
Los Angeles has always been a city of big dreams. So, if you live and work here, its easy to believe you can weather any financial storm. Tomorrow will bring the big deal or the big break, and youll be back on top again. Unfortunately, that particular tomorrow may be farther away than youd hoped, so today bankruptcy may be the best course of action. At the Law Offices of Michael Jay Berger, we know the decision to file for bankruptcy is never easy. Thats why our initial consultation is always free. When you visit us, youll get personalized attention from knowledgeable and experienced professionals eager to help.
Attorney Michael Jay Berger is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization. He has more than 39 years of experience, helping people just like you throughout greater Los Angeles. Mr. Berger is also AV® Preeminent Peer Review Rated by Martindale-Hubbell® for his high ethical standards and professional ability.
Can You File For Bankruptcy Before Divorce
A married couple may decide to declare bankruptcy before they file for divorce. When you file for bankruptcy before the divorce, you will be able to cancel the joint marital debts, which could otherwise be divided as part of the divorce proceedings then handled separately in each partner’s bankruptcy. After the bankruptcy court discharges several debts, the spouse will have a few obligations to divide at the divorce proceedings. Therefore the couples will have a few debts jointly responsible after divorce.
After you choose to file for bankruptcy before filing for divorce, you will avoid fighting to allocate debts during the divorce proceedings. By doing so, the divorce process will be very efficient. Sometimes the situation may be unique, and filing for bankruptcy before the divorce becomes next to impossible. Therefore, if you consider filing for bankruptcy before a divorce, you should seek legal assistance from an attorney. Notably, choose an attorney experienced in tackling both family and bankruptcy laws. The attorney will evaluate the uniqueness of your situation and provide the best legal advice.
Don’t Miss: How To Look Up Old Bankruptcies
How We Can Serve As Your Bankruptcy Lawyer In Orange County:
Life in Orange County is awesome. Who doesnt like big wide parking spaces, fresh air, world renowned beaches and surf breaks, premier shopping at South Coast Plaza, the burgeoning Segerstrom Center for the Arts, world class restaurants with breathtaking ocean views, safe streets, and enviable public schools and universities. With all this going on, its easy to let your finances get away from you. Thats when you contact Chekian Law Office for a stop foreclosure attorney in Orange County to help you by putting a stop to foreclosure sales on your properties. Our Chapter 11 bankruptcy attorney has meeting room locations throughout Orange County, in city of Orange, Costa Mesa, Irvine and Laguna Hills.To all you stuck Angelinos, contact us today and feel the stress and worries melt away. 390-5529 Voice Live.
Choose The Bankruptcy Specialist
At the Bankruptcy Law Center, our Top-Rated Los Angeles Bankruptcy Attorneys help clients deal with foreclosures, IRS levies, wage garnishments, overwhelming credit card debts, repossessions, bank levies, evictions, lawsuits, taxes and those constant collection agent phone calls. Maybe you are suffering because of unemployment or substantial decreases in income, medical bills and a struggling or failed small business.
Some people get caught up in an endless cycle of payday loans that never seems to get them out of trouble. But we can get you out of debt. Did you know that most people who file bankruptcy get to keep all of their property? If you are looking for a highly experienced bankruptcy lawyer helping clients in Los Angeles and the surrounding communities, call the Bankruptcy Law Center.
You wont regret it. Our expert attorneys have helped thousands of clients. We will show you how you can immediately stop creditor harassment, lost wages and lost property. This is all we dohelp people with their most difficult money problems. We provide clients with a fresh start so they can begin rebuilding their credit. And if bankruptcy isnt right for your situation, the experts at the Bankruptcy Law Center will show you other effective options to help you save your home or property.
Read Also: When Will My Bankruptcy Be Off My Credit Report
How Do Free Bankruptcy Lawyer Consultations Work In Los Angeles
Free bankruptcy consultations are designed to help you know whether bankruptcy is the best option for you. Because you are in financial hardship, many bankruptcy attorneys offer this service to alleviate the burden of another financial expense.
You can ask questions related to bankruptcy, and you can also get an estimate of what the bankruptcy lawyer fee will be in Los Angeles. You can also get multiple opinions via free bankruptcy consultations if you didnt jive with the attorney or you would like to discuss both types and qualification with another attorney.
Chapter 7 Bankruptcy Lawyer In Los Angeles
You are eligible to file for relief under Chapter 7 as an individual or as a part of a partnership or corporation. However, you will be subjected to the Chapter 7 means test if your current monthly income exceeds the California median. If you wish to know whether or not your monthly income is more than the state median, talk to a bankruptcy attorney Los Angeles from KT Bankruptcy over the phone by calling 1224-5001.
The Chapter 7 means test was designed to keep high wage earners from filing for Chapter 7 bankruptcy. You will not have to meet the requirements of the test if your business debt exceeds your personal debt.
Recommended Reading: How To Start Building Credit After Bankruptcy
Free Bankruptcy Filing With Upsolve
Thankfully, not every bankruptcy filer actually needs to invest in an attorneyâs services. For some households, the financial hardship that comes with paying more than $1,000 in attorneysâ fees is simply too much to manage, even after the protections of the automatic stay have granted them relief from making payments on their debt. If you donât earn much money and youâre eligible to file for Chapter 7 bankruptcy, you probably donât need to invest in an attorneyâs services unless you prefer to. This process is so straightforward that as long as you follow the Courtâs directions when completing your paperwork and meeting all requirements, you should be able to successfully file on your own. If you want to hire an attorney and can afford to do so, that will make the process less stressful for you. But if your priority is saving money, know that you can file for Chapter 7 bankruptcy by yourself. If you choose to forego hiring an attorney, consider accessing valuable resources online from sources that are trustworthy. These resources can make filing for bankruptcy on your own less daunting. For example, the non-profit organization Upsolve provides free state-specific and city-specific guides to Chapter 7 bankruptcy on its website, in addition to many more general resources regarding the bankruptcy process as a whole. Eligible filers may even be able to receive personalized assistance from the Upsolve team at no cost.
You’ve Come To The Right Place
Bankruptcy is a federal program established by United States Congress to provide debt relief to persons and organizations suffering from financial difficulties. The federal bankruptcy program was never intended to cost thousands of dollars in attorney fees!
In fact, in most cases the entire bankruptcy process consists of completing the Official Bankruptcy Forms, filing them with the bankruptcy court and attending a brief meeting with a bankruptcy trustee. No court hearing is required in most cases.
When an attorney is hired to file bankruptcy, the attorney asks the client for the information needed to complete the Official Bankruptcy Forms. The information is then typed onto the Official Bankruptcy Forms. Once the client approves the bankruptcy petition, the forms are then signed by the client and electronically filed with the court.
A few weeks later, the client attends a brief meeting with a bankruptcy trustee and subsequently receives a final discharge order in the mail.
Also Check: How Soon After Bankruptcy Can You Buy A House
Life After Bankruptcy Discharge
After the hearing, you can go on leading your normal life. Once the discharge is received in the mail , we double check that you understood you received the discharge and go over any questions you might have at that time.
Thats it. Once you have received your discharge, you can resume actually living your normal life with a fresh financial start.
Bankruptcy Lawyers Los Angeles Ca
If you are deeply in debt and unable to pay, Bankruptcy Legal will connect you with a top rated Los Angeles bankruptcy law firm that is prepared to help you. Our bankruptcy specialists can assist with a range of services including chapter 7, chapter 13, small business bankruptcy, credit card debt, wage garnishments, medical bills, keeping your vehicle, and IRS tax debt.
Recommended Reading: Do You Lose Your Car If You File For Bankruptcy
The Not So New /// Bankruptcy Laws
Bankruptcy laws are constantly evolving. This is particularly true after the change of the Bankruptcy Code in October 2005. You want to hire a knowledgeable lawyer and be actively involved in bankruptcy law to defend your legal rights. At Los Angeles Bankruptcy Attorney, were devoted to helping clients filing for bankruptcy in Los Angeles obtain their deserved debt relief. We understand the latest bankruptcy laws and know how to apply them. We also help them try other options if need be. Reach out to us right away if you wish to file for bankruptcy or need an interpretation of these laws.
Bankruptcy And Divorce Costs
The bankruptcy filing fees are the same for individuals and joint spouses. Therefore if you file a joint bankruptcy with your partner, you will save many legal fees. Additionally, hiring a bankruptcy attorney for joint bankruptcy is much cheaper than when you filed separately. Notably, inform your bankruptcy lawyer to be aware of the upcoming divorce to avoid conflicts of interest when representing you, your spouse, or both of you. If you file for bankruptcy before the divorce, you will simplify any issue about property division, debt and lower the costs incurred due to divorce.
Read Also: When Does Chapter 13 Bankruptcy Fall Off Credit Report
Contact The Sands Law Group Aplc Today
The decision to file for bankruptcy is very personal and has long-term impacts on your life and financial health. You need a competent and compassionate attorney to guide you through this complicated process. The experienced Los Angeles bankruptcy lawyers at The Sands Law Group APLC will provide you with personalized and thorough counsel, saving you money over time and setting you up for the best possible financial future. or contact The Sands Law Group APLC today for a confidential consultation about your bankruptcy case.
What Are The Effects Of Filing Bankruptcy On Child Support
If you are making payments for child support and consider filing for bankruptcy, you may need to know filing for bankruptcy will impact the child support responsibility. Alternatively, if you are the spouse receiving child support and the other parent paying for child support has filed for bankruptcy, you may wonder the effects it might cause on your child support payments.
Note that the bankruptcy court cannot discharge child support in bankruptcy. It means the parent owing child support cannot escape the responsibility by declaring bankruptcy. If your co-parent has ceased to pay child support, the court may use alternative methods to ensure he/she continues with the child support duty. The child support process is a complicated exercise, and you will require the help of a lawyer conversant with bankruptcy laws.
However, if the paying parent’s financial stand has changed, the parent may call for a motion to change the order if he/she is encountering problems when making the payments. Therefore even when the presiding judge grants the motion and the payments are lowered, you will still have the duty for paying the child support.
Don’t Miss: How Much Debt You Need To File Bankruptcy
History Of California Bankruptcy Law
The national bankruptcy law governs most bankruptcy-related aspects in California. Thus, any changes made to federal law impact California bankruptcy filing. The first law to govern bankruptcy in the U.S was affected in 1800 by Congress. It was referred to as the Bankruptcy Act of 1800. The law was lender-oriented, and it only allowed involuntary bankruptcy filing by business debtors.
There werent any provisions for individual debtors to declare bankruptcy independently. Some cunning debtors realized they could request a friendly lender to instigate a bankruptcy case. But because of several complaints of favoritism and corruption, this Act was repealed in 1803.
In 1837, there was a financial panic, and after this panic, congress enacted another law known as the Bankruptcy Act of 1841. It was the first law to allow debtors to declare individual voluntary bankruptcy without a lender initiating it. Debtors could declare bankruptcy and obtain a debt discharge.
Additionally, any person could become a debtor, not only merchants, like under the previous statute. The authority to pass judgment over bankruptcy matters and discharge debts lied with the U.S District Courts. Unluckily, however, lenders saw this law as giving fewer payments to them and forgiving so much debt for so many debtors. Consequently, Congress repealed the law in 1843.
Need More Specific Help Were Here For You
We are dedicated to making your estate planning easy, painless and affordable including when you have special circumstances that you want reflected in your documents. For example, you might have a specific objective, like setting up a special needs trust for a disabled dependent or wanting to spell out conditions necessary for a beneficiary to receive an inheritance. We can help ensure your customized instructions are properly integrated into your documents.
Our pricing structure for both instant and in-office document preparation is still a fraction of what an attorney charges. With your direction, we can put your documents together for you, print and ship them to you within 7 business days.
You May Like: How Do You Declare Personal Bankruptcy
Find A Los Angeles Bankruptcy Attorney Near Me
Bankruptcy declaration is a decision many debtors avoid because of fear of damaging their reputation in society. The credit industry wants to discourage you from this legal process by arguing that its not beneficial. However, what these creditors want is to see you repaying debt even for a decade. Fortunately, bankruptcy statutes make it clear that anyone is eligible and has a right to file for bankruptcy.
If you wish to explore your debt relief options or have an attorney review your case, contact Los Angeles Bankruptcy Attorney at to discuss more.
The Law Offices Of Chirnese L Liverpool
The Law Offices of Chirnese L. Liverpool helps individuals whose problems with debt, foreclosure, garnishment or other financial issues need immediate attention. For many people, bankruptcy under Chapter 7 or Chapter 13 will make a positive difference to relieve immediate crises and to discharge or restructure less pressing debts.
For other people, bankruptcy may not be the best option to solve an immediate debt problem. Either way, we will take the time to understand your situation, identify your alternatives, and advise you about the time and costs involved in getting your case underway and completed.
Our attorneys are experienced and focused professionals who concentrate on consumer Chapter 7 and Chapter 13 cases.* Our clients appreciate our personal approach to bankruptcy. We offer free consultations and can meet with you at your convenience. Our focus on bankruptcy means that we can spot the key issues in your case quickly, and we have ready answers for any complications that might come up.
Our thorough familiarity with the details of bankruptcy law means that we can help you take full advantage of your rights without exposing you to the risk of unexpected or disastrous results. We know how to spot bankruptcy problems quickly, so we can either solve them or explain why we can not help. For most of our clients, the challenges are nothing we can not plan for and work around, so that the bankruptcy proceeding can proceed smoothly toward discharge.
Also Check: What Happens When A Corporation Files Bankruptcy
Bankruptcy Lawyers In Los Angeles California Can Help You
If you’re experiencing severe financial difficulties, bankruptcy can provide a path to debt relief and help you get a fresh start. Whether you are just starting to consider bankruptcy or have already filed, getting a bankruptcy lawyer involved can help you maximize the benefits afforded to you by the United States Bankruptcy Code. We’ve assembled a list of trusted local lawyers that you can use to find the right Los Angeles bankruptcy attorney to help you stop wage garnishment, prevent creditor harassment, get debt relief, and protect your property.
