chapter 7 bankruptcy Los Angeles

Differentiating Between Chapter 7 And Chapter 13 Bankruptcy

Call: 888-297-6203 Individuals struggling with debts have the option of filing for bankruptcy under Chapter 7 or chapter 13. To know more about bankruptcy discharge in Los Angeles and the difference between the two chapters, call 888-297-6203. Chapter 7 bankruptcy Also known as liquidation bankruptcy, Chapter 7 can be filed by individuals and business entities whose disposable income is less than the state's median income. Chapter 7 bankruptcy allows you to keep home equity through homestead exemption, insurance, ERISA-qualified retirement plans, personal property up to a specified dollar amount, and public benefits like social security and unemployment benefits. [...]

2023-04-14T08:44:27+00:00
Read More

What To Expect In Bankruptcy?

Call: 888-297-6203 If financial problems are plaguing you, a bankruptcy filing is an easy way to get rid of debts. However, there are some limitations to the process. Bankruptcy can help halt the collection process, including wage garnishment and eliminate some types of debts (medical bills, personal loans, credit card debt, etc.). Unfortunately, some debts like student loans, spousal and child support, alimony, tax debts, etc. You can wipe some of your debts to get a fresh financial start when you file for bankruptcy. Depending on your income, debts, and assets, you can file for bankruptcy under Chapter [...]

2022-03-16T04:33:17+00:00
Read More

Are Pensions Exempted In Bankruptcy?

Call: 888-297-6203 For people filing under chapter 7 bankruptcy, some amount of pension can be protected from bankruptcy trustee. This amount depends on which state you reside in as well as on your pension plan. Since all pension plans are different, some retirement plans are protected entirely, while others are partially exempted and some others are not exempted at all, say lawyers of Los Angeles based law firm. Completely exempted pension Irrespective of where you live, certain pensions are completely exempted under bankruptcy laws. Such pensions are not part of the bankruptcy estate and therefore you do not [...]

2023-04-11T10:25:41+00:00
Read More

Can Bankruptcy Filing Cause Me To Lose My Checking Or Saving Account?

Call: 888-297-6203 One of the major concerns people have while filing for chapter 7 bankruptcy is whether they can keep their savings and other accounts or not. According to lawyers of Los Angeles based law firm, banks usually do not close the savings or checking account and the amount in those accounts is also protected (up to a certain limit) in most states. However, there are exceptions especially if the money comes from exempt sources like public benefits etc. In case you have a loan with the bank, they may freeze your accounts when you file for bankruptcy. [...]

2023-04-11T10:29:22+00:00
Read More

Evaluating The Value Of Personal Property In Bankruptcy

Call: 888-297-6203 According to the lawyers of Los Angeles based law firm, while filing for bankruptcy you need to list all your personal property along with its current value. This is the price that anyone would pay for the property and depends on the condition and age of the property. Moreover, there can be questions from the trustee and creditors regarding the information provided.Thus, written documentation backing the evaluation supporting your claim of the property’s value is important. There are different methods to calculate the value of the property, here are some ways to calculate replacement value of [...]

2023-06-29T04:24:25+00:00
Read More

Which Exemptions Are Allowed In Chapter 13 Bankruptcy?

Call: 888-297-6203 If you are worried about losing all your belonging when you file for bankruptcy, you are mistaken, say lawyers of Los Angeles based law firm. The state exemptions can help protect your exempt property. Unfortunately, the non-exempt property is liquidated in chapter 7 while you can keep it in chapter 13 if you can pay for them through your 3-5 years repayment plan. Importance of exemption in chapter 13 bankruptcy In chapter 13 bankruptcy you can even keep non-exempt property by paying for them through the court approved monthly repayment plan. Generally, the bankruptcy trustee oversees [...]

2023-04-11T10:23:27+00:00
Read More

Can Personal Bankruptcy Lawyers In Kingman, Arizona Help You Get Rid Of Your Debts?

Call: 888-297-6203 The pressure of mounting debts and your inability to clear them can cause you to live in a constant state of tension. Mental pressure can manifest into physical health issues as well as constant fights within your home. Your peace of mind, happiness, and comfort of your family, as well as the future of your kids, can be in jeopardy if something is not done within time. You might even end up losing your home, car, or other property due to foreclosure or repossession. Since this is nothing short of a nightmare, you need to look [...]

2023-04-11T10:18:39+00:00
Read More

Insolvency Attorney Suggestions In Avondale, Arizona

Call: 888-297-6203 Monetary issues can split your family. If you are finding it difficult to pay back your debts and are constantly short on cash, it is time to look for experts. Constant quarreling with your spouse can cause immense tension and sleepless nights, which can ultimately affect your health. Even your kids’ future can be in jeopardy if you end up losing your home, car, or other property due to foreclosure or repossession. An experienced bankruptcy law firm in Avondale, Arizona can help you through this rough patch. The best way to do research on bankruptcy lawyers [...]

2023-04-11T09:58:14+00:00
Read More

Information Essential for Filing of Bankruptcy

Once you have concluded that bankruptcy is probably the best way to get rid of your debts, it is time to consult an experienced bankruptcy lawyer. Most lawyers will ask you for a detailed account of your income, assets, and debts. This is because while filing for bankruptcy, you are required to disclose all this information as per Federal Law. For a person struggling with finances, reliving their failures can be quite overwhelming, however, this is something you cannot avoid if you wish to have your debts discharged. According to lawyers of Los Angeles based bankruptcy law firm [...]

2019-10-04T12:57:17+00:00
Read More

Is it Possible to Reopen Your Bankruptcy Case?

Call: 888-297-6203 When people file for bankruptcy, their bankruptcy can either be dismissed because it does not fulfill all criteria, lacks some important document or has valid objections raised against it by creditors; or, the bankruptcy is discharged once all responsibilities are completed (dues are cleared). However, inform Los Angeles based bankruptcy law firm Recovery Law Group lawyers, sometimes, the bankruptcy case is closed without a discharge. Since bankruptcy is a complex process, closure of case without discharge is possible. If this is the case, you will require the assistance of experienced bankruptcy lawyers. You can call 888-297-6023 to [...]

2019-09-25T12:11:10+00:00
Read More
Load More Posts

Recovery Law Group Logo

888-297-6203

Headquarters

309 W 11th Street,
Anderson, IN 46016
310-997-0471
Clients:
customerservice@recoverylawgroup.com
Attorneys / Trustees and Court Officials:
Info@recoverylawgroup.com

PAID ATTORNEY ADVERTISEMENT: Wajda & Associates is a law firm. This website is an advertisement. It is not a lawyer referral service or prepaid legal services plan. Each of the lawyers on this site are either Managers, Members, Partners, Limited Partners or staff attorneys. An attorney responsible for the content of this Site is Nicholas Wajda, APC. licensed in California, Texas, and Indiana with offices at 309 W 11th Street Anderson, IN 46016. To see the attorney in your area who is responsible for this advertisement, please  Click here.  Prior results do not guarantee a similar outcome.
We are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.