chapter 13 bankruptcy Los Angeles

Why Hiring A Bankruptcy Lawyer Is Important?

Call: 888-297-6203 Individuals filing for bankruptcy can do so without an attorney. However, doing so is not always advisable. This is because Chapter 7 involves the liquidation of your assets. In contrast, chapter 13 involves a repayment plan to save your non-exempt property. Neither of these two is straightforward enough to be handled independently without any legal expertise. A bankruptcy attorney can recognize potential problems in your bankruptcy case. As a result, it is important to seek bankruptcy attorney's assistance. Here is what a bankruptcy attorney can help you with: While bankruptcy is an excellent way to get [...]

2025-08-13T05:09:46+00:00
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What Can Bankruptcy Help You With?

Call: 888-297-6203 You can get rid of your financial problems by filing for bankruptcy. It can help you eliminate some debts while others survive bankruptcy filing and discharge. However, all your obligations cannot be removed through bankruptcy. For example, student loans, alimony, child support, and tax debts survive bankruptcy. Things you can expect from the bankruptcy Bankruptcy is meant to provide you with a fresh financial start. Irrespective of which chapter of bankruptcy you file (Chapter 7 or Chapter 13), there are some things that bankruptcy can help you with. These include: It stops collection activities and creditor [...]

2025-08-13T04:49:31+00:00
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Understanding Automatic Stay In Bankruptcy

Call: 888-297-6203 An injunction known as automatic stay is enforced when you file for bankruptcy. This prevents creditors from taking any sort of collection action against you. Usually, the automatic stay starts immediately after filing for a Chapter 7 bankruptcy petition. As a result of the automatic stay, lawsuit filing, telephone harassment, wage garnishment, etc., cannot occur. What does automatic stay help you with? The automatic stay prevents all sorts of collection lawsuits, creditor harassment, and collection actions. It remains in place till your chapter 7 bankruptcy case lasts. The automatic stay can temporarily or permanently stop the [...]

2025-08-13T04:59:25+00:00
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Bankruptcy Means Test – The Eligibility Factor For Chapter 7 Bankruptcy

Call: 888-297-6203 Chapter 7 bankruptcy or liquidation bankruptcy is for people who cannot repay their loans. However, only people with extremely low incomes can file for this bankruptcy chapter. To be eligible for Chapter 7 bankruptcy, a means test is used to determine whether the bankruptcy filer can repay a portion of their debts through chapter 13 bankruptcy or not. Chapter 7 means test can also help people who earn significant monthly income but have high expenses, including mortgage and car loan payments and taxes that make it easy for them to qualify the Chapter 7 means test. [...]

2025-08-12T12:58:56+00:00
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This Is How Your Retirement Plan Will Be Affected If You File For Bankruptcy

Call: 888-297-6203 Under most scenarios, you do not have to lose your Retirement Plan funds or Pension if you plan to file for bankruptcy. However, there are a few exceptions to this rule. Let's explore them further- You can get your Retirement Account Exempted As against the sayings, you do not have to surrender everything you have when you file for bankruptcy. You are permitted to keep aside basic Modest Requirements to work and live- like your Car, basic household items, along with some equity for your Home. This can be done using the benefit of bankruptcy exemptions. [...]

2025-08-13T04:47:10+00:00
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Impact Of Employment Status On Bankruptcy

Call: 888-297-6203 Financial issues can arise with anyone, anytime. The federal bankruptcy law can help you provide financial relief through a bankruptcy filing. Individual bankruptcy filers have the option of choosing between Chapter 7 and Chapter 13. However, there are some differences in the way debts are handled in these two chapters. Workings of Chapter 7 bankruptcy Chapter 7 is known as liquidation bankruptcy primarily because the bankruptcy trustee liquidates your non-exempt property (that cannot be protected using exemption laws) to pay your unsecured creditors. This chapter is meant to help unemployed people or people with low-income to [...]

2025-08-13T05:06:05+00:00
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Limitations Of Chapter 13 Bankruptcy Debt

Call: 888-297-6203 People with regular income who are struggling with their debt problems can take charge of their finances by filing for Chapter 13 bankruptcy. This allows them to use their disposable income to repay their debts over a 3- to 5 years repayment plan. At the end of their repayment plan, most individuals who satisfy the qualification criteria can wipe out their non-priority dischargeable debts such as medical bills, personal loans, credit card bills, etc. However, there are limitations to the amount of debt. The current debt limitations stand at $1,257,850 in secured debts and $419,275 of [...]

2023-03-30T13:28:50+00:00
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Filling Bankruptcy Forms

Call: 888-297-6203 If you are filing for bankruptcy, you need to understand that there is much official paperwork involved. However, everything is quite straightforward, and you can easily fill the forms with the instructions provided. Unfortunately, these forms do not explain what happens in your case. To know whether you will protect your property by discharging your debts, you need to talk with a bankruptcy lawyer. To know more about bankruptcy discharge in Los Angeles, call 888-297-6203. Filing the Bankruptcy Forms Different bankruptcy forms provide various kinds of information relevant to your bankruptcy case. These include: Information regarding [...]

2025-08-13T04:36:15+00:00
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What Do You Mean By A Bankruptcy Discharge?

Call: 888-297-6203 For individual debtors, the most important part of the Chapter 13 bankruptcy case is the bankruptcy discharge – an order that eliminates and makes you free from all previous dues and debts that you owed – credit cards, utility bills as well as medical bills. Once you get the discharge, no creditors can harass or trouble you for any outstanding dues or debts, neither can they file a lawsuit against you for non-payment nor can they take any other course of action to collect the debt amount. When should you expect the discharge? If all your [...]

2025-08-25T12:53:25+00:00
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All That You Need To Know About Types Of Creditor Claims In Bankruptcy

Call: 888-297-6203 It is important to understand your creditors and under what categories which debts will go when you file for bankruptcy. Since this is the basic foundation when you file – you need to disclose as well as classify all your debts. Classification is generally as Secured debts and unsecured debts. The unsecured debts are further classified into priority and Non-priority. How to List Creditors Claims Once you file and complete the official paperwork, your bankruptcy case is registered in court. The official paperwork comprises of – Cover document also called the petition. It is in the [...]

2025-08-13T04:41:09+00:00
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