bankruptcy attorney Los Angeles

Can Lawsuit Judgments Be Cleared By A Bankruptcy Filing?

Call: 888-297-6203 People struggling with debts often take refuge by filing for bankruptcy. While bankruptcy offers a chance to get rid of many types of debts, some debts may not be discharged even after getting a bankruptcy discharge. Lawsuit judgment may or may not be discharged depending on certain factors. Non-payment of dues often results in creditors filing a breach of contract in the court. Most of the unsecured debts like credit cards, medical bills, or personal loans might get discharged in bankruptcy. However, not responding to a creditor’s lawsuit can result in a default judgment against you. [...]

2023-05-30T13:11:54+00:00
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Who Is A Bankruptcy Trustee?

Call: 888-297-6203 Whether it be a chapter 7 bankruptcy case or chapter 13 bankruptcy case, there will be a bankruptcy trustee appointed to your case, who will have various rules and obligations. He or she will oversee your entire case and help the court make a judgment. The bankruptcy estate and the bankruptcy trustee To understand what a bankruptcy trustee does, you will first have to know what bankruptcy estate is. It is created after a debtor files for bankruptcy and it consists of all the debtor’s non-exempt properties. It has its separate role in the case. A bankruptcy [...]

2023-06-15T06:48:03+00:00
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Is A Court Proceeding Required After Filing For Bankruptcy?

Call: 888-297-6203 A lot of people apply for bankruptcy just to get away from a stressful life. Be it the loss of a job, illness, divorce, or anything as such. The thought of going to court after all this stress becomes another tension. 1) Mostly Chapter 7 does not require going to court Chapter 7 helps free you from your financial tensions, and not add another pressure on you. It is mandatory to appear at the 341 meetings or the meeting of creditors. But in very rare cases does going to a courtroom take place if you apply [...]

2023-05-19T07:20:46+00:00
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Difference Between Chapter 7 And Chapter 13 Bankruptcy

Call: 888-297-6203 Depending on how much money you make, you'll either be qualified to have your debt wiped out in Chapter 7, or enter into a repayment plan in chapter 13. Both chapter 7 and chapter 13 will offer you solutions to get back on your financial front. Apart from having some similarities between both the chapters like state exemption allowing you to keep a certain amount of property, there are a lot of differences between the two chapters. Chapter 7 works if you don't make a lot of money at the end of the month, or if [...]

2023-05-29T12:42:44+00:00
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Can Taxes Owed To IRS Be Discharged In Chapter 7 Bankruptcy?

Call: 888-297-6203 Bankruptcy filing is a tough but necessary decision, especially if you struggle with a huge debt. Loss of a job, sudden medical expenses, or a messy divorce can lead to an unexpected monetary crunch. If you are facing difficulty in managing finances and have creditors hounding you, seeking consultation from a bankruptcy attorney is advised. One of the major concerns is whether taxes owed to IRS can be discharged on bankruptcy filing? For this, you need to fulfill certain conditions. The 3-year rule: As per Bankruptcy Code 507(a)(8)(A)(i), taxes become due on April 15 of the [...]

2023-06-27T07:28:49+00:00
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What Are Nondischargeable Debts?

Call: 888-297-6203 If you have been struggling with huge debts, especially medical bills, credit card balance, or personal loans, filing for bankruptcy is excellent. However, bankruptcy cannot help you get rid of all your debts. Some debts survive bankruptcy and are therefore known as nondischargeable debts. Here is a list of debts that will not be discharged even after bankruptcy: Debts incurred after bankruptcy filing – Any debt you incur after filing your bankruptcy petition while your bankruptcy case is pending cannot be discharged. You continue to remain liable for them, even after your bankruptcy discharge. Secured loans [...]

2023-03-30T10:01:27+00:00
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Use This Legal Primer To Help You With Reaffirmation In Chapter 7

Call: 888-297-6203 When a Debtor plans to reaffirm, it so happens at times that either its Creditors or opposing parties, or the regulators or bar counsel who have never filed a case or helped anyone in their life, advice the debtors on things they aren’t sure themselves, and the debtors are often misled. This article will help you know the depths and details of reaffirmations, which, though important, have been neglected, and created confusion since 2005. 1) There is not 1, but many options to keep your Assets as they are. So fretting won't help you. Remember, chapter [...]

2023-04-19T12:13:25+00:00
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Your Consumer Guide To All Things Related To Bankruptcy

Call: 888-297-6203 If you are struggling with financial issues, bankruptcy can be an excellent way to get rid of your debts. While bankruptcy can prevent repossession and foreclosure, it cannot help you if the sale process has been completed and your property's interest in the collateral is terminated. It can also stop creditor harassment and eliminate some of your debt while protecting your property; however, its effect on your credit score cannot be denied. So, if your credit score is already bad, filing for bankruptcy might help you improve your credit score. This is because, after bankruptcy, you [...]

2023-04-19T12:05:11+00:00
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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 [...]

2023-04-19T11:46:54+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) [...]

2023-04-19T12:11:56+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.