NO RECOVERY, NO FEE
(855) 339-8879
FREE CONSULTATION

Chapter 7 Bankruptcy Attorney in Los Angeles California


Chapter 7 is the most common bankruptcy in California and the United States. Understanding your various options, filling out the extensive and complex paperwork, and understanding what options are the ones that are most beneficial to your specific financial situation can be a confusing and often unrealistic process. Bellow is some information regarding a Chapter 7 Bankruptcy.

What is Chapter 7 Bankruptcy?

Chapter 7, the most common type of bankruptcy, often referred to as a “liquidation” bankruptcy. It is called chapter 7 because it appear on chapter 7 on the United States Bankruptcy Code. Liquidation means that upon filing, a court appointed trustee liquidated the assets of your estate, then sell them with proceeds going to creditors. But the benefit of chapter 7 bankruptcy is that it cancels most types of debt. There are many assets such as a car or a home that may in many cases be saved from a forced liquidation. Bankruptcy laws are meant to give an individual a fresh start. The court will not take such assets, (i.e. car or home) that will lead to you being unable to start a new debt free financial life. A knowledgeable, trusted, and tenacious bankruptcy attorney will likely maximize your ability to keep many of the assets you own.

What will happen to my property (assets)?

Upon filing just about everything you own becomes subject to the bankruptcy court authority. Property that is not subject to court authority include, pensions, tuition and school education accounts. The property that is under the authority of the court may also include property you improperly transferred to another in anticipation of a bankruptcy. It is important that you protect you assets. That is why you are advised to seek a legal representative from a trusted source which will counsel you as to the proper course of action. When filing our bankruptcy lawyers will make sure protect your assets using every legal avenue possible. Our goal is for you to keep you personal belonging and assets to that you can begin the process of rebuilding your financial life.

Discharging of debts, secured and unsecured

There are two different types of debt in a chapter 7 bankruptcy, secured debt and unsecured debt. Secured debts are not discharged in lieu of a Chapter 7 bankruptcy. A secured debt is one that is attached to a property via a mortgage. In other words the mortgage on the property secured the payment of the balance on a loan in a timely basis. Secured debts also include
  • Certain Taxes
  • Student Loans
  • Child Support
  • Debts incurred via fraud
Your free financial assessment by our bankruptcy lawyers will assess which debts cannot be discharged and provide a cost/benefit analysis of whether a Chapter 7 filing is in your best financial interests.

Why Choose Bankruptcy law firm Downtown LA Law Group?

At Downtown La Law our bankruptcy lawyers will provide you with a low cost, personal, and confidential bankruptcy legal representation. Here are some of the reasons why…
  • An entirely Free and Personalized consultation including an analysis your financial circumstances by our team of expert financial consultants
  • Individualized Client Service specifically tailored to your financial and personal needs
  • Comprehensive assessment of the different legal avenues determining whether chapter 7 bankruptcy is the best option for your needs.
  • Low Cost, Knowledgeable and Effective representation of your Chapter 7 bankruptcy process.

Your success is our success. Please Call (888) 649-7166

Over $350 Million Recovered
for Our Clients

Learn More

YOU Deserve the Best
Free Case Review 24/7
You Don’t Pay unless we win
Call 855.385.2529


  • This field is for validation purposes and should be left unchanged.

By submitting this form, you agree to receive telephone calls and text messages at anytime, which include hours outside of business hours (8:00 am PST – 9:00 pm PST). This is so that we may reach you as soon as possible in order to consult on your potential case.

ultimate guide uber lyft accidents

I had a previous attorney who failed me miserably. I reached to this Law group and it was the best decision I made. Very caring and understanding staff. Recommend this to law group to everyone.”

⋆⋆⋆⋆⋆

Lesley Portillo

Free Case Review 24/7
You Don’t Pay Unless You Win
Call 855.385.2529


  • This field is for validation purposes and should be left unchanged.
By submitting this form, you agree to receive telephone calls and text messages at anytime, which include hours outside of business hours (8:00 am PST – 9:00 pm PST). This is so that we may reach you as soon as possible in order to consult on your potential case.

Address:

4113 Clinton Ave,
Los Angeles, CA 90004
855-339-8879
info@downtownlalaw.com

2005, Eye Street, Suite 4
Bakersfield, CA 93301

3430 Tully Road
Modesto, California 95350

2372 Morse Ave.
Irvine, California 92614

01 West Broadway
San Diego, California 92101

701 E Santa Clara St
Ventura, California 95816

7121 Magnolia Ave
Riverside, California 92504

13782 Bear Valley Rd.
Victorville, California 92392

5588 N Palm Ave
Fresno, California 93704

388 Market St #1300
San Francisco, California 94111

1601 Alhambra Blvd
Sacramento, California 95816

1 Sansome St. Suite 3500-11
San Francisco, California 94104

 


The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.
© All Rights Reserved
Follow us