affordable bankruptcy Los Angeles

Can Bankruptcy Help Save Your Business And Home?

Call: 888-297-6203 Monetary problems have become extremely common these days, considering that the pandemic has resulted in job loss, huge amounts of medical debts, as well as credit card debts. In addition, this has resulted in business closures, foreclosure, and repossession of properties which can cause tremendous stress to people. Filing for bankruptcy may be your way out of this financial mess. Many people often have multiple properties, usually purchased by taking a loan. Individuals live in one, the remaining properties are let out. They depend on their tenants to pay for the mortgage. However, unfortunate circumstances can [...]

2025-08-18T06:38:59+00:00
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The Basic Difference Between Chapter 7 And Chapter 13

Call: 888-297-6203 There are two types of bankruptcy, and it is managed at the federal level, so the principles of it are the same everywhere except California. Chapter 7? In chapter 7 bankruptcy, the process called liquidation is followed, here you sell your assets to a trustee who in turn sells them to settle your debt. Most of your debts can be settled here except, some like student loans, alimony, etc. most dischargeable debts are emitted but first you have to pass the means test. There are 2 ways to take the test, Form 122A-1: Chapter 7 Statement of [...]

2023-04-19T12:12:35+00:00
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Consumer Bankruptcy – All That You Need To Know!

Call: 888-297-6203 Bankruptcy is a legal action that helps a person or business to get a new secured financial future if he/she cannot pay his/her bills and loans. It has to be filed in federal court and by a bankruptcy attorney. The two types of bankruptcy under which one can file are discussed below in brief. Chapter 7 bankruptcy – It is also known as straight bankruptcy. Here, all your dischargeable debts are discharged against your non-exempt property. Exempt properties are those that are necessary to start a new life. Almost all your assets come under exempt properties [...]

2023-04-19T12:04:10+00:00
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Removal And “Cramming Down“Of Liens In Bankruptcy

Call: 888-297-6203 Reduction of the amount of the lien to the market value is known as ‘cramming down’. Here, if the mortgage balance is larger than the property value then the mortgage balance will be reduced to the property value. It is done in chapter 11 on properties that do not come under the exempt property that is it should not be a primary residence. Mortgage, Home Equity Line of Credit, Homeowners’ Association, and judgment comes under liens that can be crammed down. You can remove fully unsecured liens in rental properties in chapter 11 and you can [...]

2025-08-11T05:48:13+00:00
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Is Filing A Chapter 13 Bankruptcy A Good Option To Stop A Tax Foreclosure?

Call: 888-297-6203 Sometimes our property taxes are due, and though we may not take it as a very big issue, they can put us and our family at risk of Foreclosure by the City's Tax Collector. Even though failing on your property taxes can be paid back later, if and so it happens, still, the State and Local Tax Authorities make the process very lengthy, complicated, and expensive. Though not a very big deal at times becomes a big one later on. So why fall into it? Know these, so that you don't face an issue later. 1) [...]

2025-08-25T09:47:49+00:00
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Is Bankruptcy An Option For A Student Loan?

Call: 888-297-6203 Though difficult to discharge student loans, showing that the payment of debt will make it difficult for you and your family will help a lot. There are bankruptcy options for people with student loans. 1) Bruner Test The most common test used by courts to evaluate whether a particular student is facing undue hardship is Bruner Test. Though in recent times, the courts are looking for other options, by far the most used measure is the Bruner Test. This test requires : a) The debtor to show that neither they nor their family can survive the [...]

2025-08-25T11:17:32+00:00
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Can Bankruptcy Help Retrieve A Judgment Creditor’s Funds Levied From My Bank Account?

Call: 888-297-6203 A judgment creditor can cause funds from your checking account to be levied. However, timely action can reverse this. Usually, people come to know of having their checking accounts seized when they receive a notice from the bank. If you wish to recover this, you need to know the process that had taken place. In most cases, bank levies occur only after the creditors have obtained judgment for the money owed to them. However, most of these judgments are obtained by default, usually based on false claims of sending summons and complaints. Unfortunately, the debtors have [...]

2025-08-11T10:48:16+00:00
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Your Options When You Cannot Afford Your Car?

Call: 888-297-6203 The past couple of years have been difficult for almost everyone. For example, suppose you had bought a vehicle and unfortunately lost the job. In that case, there can be considerable doubt regarding your options. Therefore, if you wish to keep your car and you cannot keep up with your payments, you need to contact the lender immediately to find out if any payment forbearance program is available which allows you to forego some payments. Apart from this, you should also find out from your former employee whether any insurance on your behalf (paid by the [...]

2025-08-13T05:44:41+00:00
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COVID-19 AND BANKRUPTCY – The Co-Relation Between The Two

Call: 888-297-6203 During Covid there are job cuts and the whole world is facing sudden unemployment, amidst this period if your creditor harasses you or creates pressure on you to pay up, you will have to know your rights. Serious effects on our life because of the pandemic- Pandemic has had serious effects on a lot of people, especially those who are losing their job or their business is closed because there are no funding or people to buy their products. These people who have debts too are contently pressurized to pay the creditors or they try to [...]

2025-08-12T13:01:19+00:00
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Want To Go For Joint Bankruptcy Filing – Know These Facts!

Call: 888-297-6203 Before you plan to go for Joint Bankruptcy, know certain facts with their pros and cons so that it will help you decide whether it is a good option for you or not. 1) Want to know how Joint Bankruptcy works? As the name suggests, in a Joint Bankruptcy Filing, you and your spouse together have to file only one set of documents. These documents that you submit to the Bankruptcy Court should contain all the information and details about both your spouse and yourself, relating to Income, Expenses, Debt, and Assets. Filing for a Joint [...]

2025-08-06T07:03:58+00:00
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We are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.