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

Featured Lawyers


farid-medium

Farid Yaghoubtil, Esq.

sal-medium

Salar Hendizadeh, Esq.

Nina Sargsyan, Esq.

Sarah Wilson, Esq.

Sarah Wilson, Esq.

Darren McBratney, Esq.

dan-medium

Daniel Azizi, Esq.

 

 

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:

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

BAKERSFIELD OFFICE
2005, Eye Street, Suite 4
Bakersfield, CA 93301
661-219-7455

MODESTO OFFICE
3430 Tully Road
Modesto, California 95350
209-353-4493

ORANGE COUNTY OFFICE
2372 Morse Ave.
Irvine, California 92614
949-627-8725

SAN DIEGO OFFICE
01 West Broadway
San Diego, California 92101
619-413-0161

OXNARD OFFICE
105 N Oxnard Blvd,
Oxnard, CA 93030
805-263-4423

SAN FRANCISCO OFFICE
1 Sansome St. Suite 3500-11
San Francisco, California 94104
650-651-5006

VENTURA OFFICE
701 E Santa Clara St
Ventura, California 95816
805-292-0367

INLAND EMPIRE OFFICE
7121 Magnolia Ave
Riverside, California 92504
909-340-3929

VICTORVILLE OFFICE
13782 Bear Valley Rd.
Victorville, California 92392
760-563-4384

FRESNO OFFICE
5588 N Palm Ave
Fresno, California 93704
559-556-0227

SAN FRANCISCO OFFICE
388 Market St #1300
San Francisco, California 94111
415-362-6079

SACRAMENTO OFFICE
1601 Alhambra Blvd
Sacramento, California 95816
916-931-1965

SAN FRANCISCO OFFICE
1 Sansome St. Suite 3500-11
San Francisco, California 94104
650-651-5006

MIAMI OFFICE
11900 Biscayne Blvd North
Miami, Florida 33154

EL PASO OFFICE
4600 Alabama St #C
El Paso, Texas 79930
(915) 201-3865


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.
Follow us
© All Rights Reserved