In today’s economic climate, Bankruptcy has become a real and viable option for individuals facing distressed financial options. At Downtown LA Law, we understand that Bankruptcy can be difficult, especially when dealing with mounting debt and harassment from creditors. Bankruptcy can also bring about fear, anxiety, shame, irritation and uncertainty. Under the Article 9 of the Uniform Commercial Code and state statutes governing real estate foreclosures a secured creditor is able to conduct a judicial and or n judicial foreclosure of the property of the debtor.  Upon Conducting such a foreclosure then creditors will receive payment of the debt owed with the balancing going back to the debtor.A Foreclosure allows for a quick disbursement of assets between creditors and a resolution of any conflict which may arise.  However with many assets under water, current value below the mortgage amount a foreclosure will not satisfy the debts of many homeowners. Don’t wait:  If your home or other property is close to being foreclosed it is important that you contact a Bankruptcy Attorney hat will provide you with options other than foreclosure which may be available.  Negotiating with Debtors: Many creditor understand the a foreclosure can lead a massive reduction or an elimination of the debt they are owed.  Thus in many instances they  are willing to negotiate with a debtor for a reduction in their debts so that they will be ale to receive some of the money owed. However negotiations with creditors can be very difficult.  Usually creditors are adept at using scare tactics against those who attempt to negotiate so that they can receive a larger some of the amount owed.  That is why you need to contact attorneys who are adept in negotiating with creditors and have a proven track record of reducing debts so that the individual debt to revenue balance is maintained at a healthy level. At Downtown LA Law, our Los Angeles Bankruptcy Lawyers we will assess your specific financial situation and determine the best course of action based on your detailed needs. We provide high quality legal representation by offering…

• – Individual Client Service provided by skilled Los Angeles Bankruptcy Lawyers
• – A Strong Knowledge of Chapter 7, Chapter 11 and Chapter 13 Bankruptcy
• – Experience about other options available, such as debt settlement, debt negotiation and debt consolidation
• – Case-by-Case personal attention

Los Angeles is the second biggest market in the country, and facing a Bankruptcy is daunting. We will make sure that you wont have to go at it alone. Call one of our Los Angeles Bankruptcy Lawyers today. We will help you with: Bankruptcy Defense, Chapter 7, Chapter 11, & Chapter 13