If you are drowning in debt and suffering from the stress that comes with it, talk to our experienced team at Glendale Law Firm. For over 7 years, we have been committed to customizing debt relief solutions for each of our client’s unique financial circumstances. Our bankruptcy attorneys can ease your mind and help you take control of your financial future.
Gain peace of mind by calling or texting (818) 818-1948 for your FREE CONSULTATION.
Personal Bankruptcy
Personal bankruptcy can legally eliminate your debt and free you from repayment. Speaking with an experienced bankruptcy lawyer at Glendale Law Firm can help you decide if Chapter 7 personal bankruptcy is the right choice for you. Together, we can review your unique circumstances and financial profile to ensure you have all the information you need to make the best decision for your future and begin fresh.
Benefits of Personal Bankruptcy:
- No Harassment from Debt Collectors
- No Wage Garnishment
- No Auto Repossession
- No Foreclosure
- No Lawsuits
- Peace of Mind / Better Sleep
- A New Start
That sounds refreshing, right? After all, this is not where you expected to be. So, let’s get that weight off your shoulders and the worry off your mind so you can be headed in the direction you always intended.
What is Chapter 7 Personal Bankruptcy?
Chapter 7 personal bankruptcy is a way to eliminate your debt and wipe your slate clean from financial burden. Chapter 7 is usually chosen when there is not enough income available to repay debts.
What Type of Debts are Discharged with Chapter 7 Bankruptcy?
- Credit cards
- Medical bills
- Old tax debts
- Old debt from past due rent or repossessed car loans
- Overdue cell phone bills
- Overdue utility bills
- Personal and Payday Loans
- More!
In Chapter 7 Bankruptcy, there may be circumstances where some assets may need to be liquidated, which will be used to pay off a portion of your accumulated debt, but your car and home are safe.
Rose, one of the most knowledgeable bankruptcy attorneys, can help navigate you through the details of negotiation and exemptions that work in your favor. Our goal is to help you keep your home, car, and other assets to ensure your new start begins with relief and a smile.
How Do I Know If I Qualify for Chapter 7 Bankruptcy?
The only way to determine eligibility is by properly completing the Means Test. Let one of our bankruptcy attorneys help guide you through this process and give you the best chance at successfully qualifying.
Top 3 Requirements for Qualifying for Chapter 7 Bankruptcy
- Moderate to Low Income
- Significant Amount of Debt
- No Substantial Property Owned (Multiple Cars, Boats, Vacation Homes)
Call (818) 818-1948 and let us help you review your entire financial situation and to discuss every advantage available to you.
Should I File for Bankruptcy?
At Glendale Law Firm, we are dedicated to providing our clients just like you, with the individualized care necessary to make informed decisions with confidence and control. Whatever your circumstances may be, trust that our knowledgeable California bankruptcy lawyers can help you determine your next best steps toward financial stability.
What are the Top 10 Reasons People Consider Bankruptcy?
- Struggling with Immense Amounts of Debt
- Home is in Foreclosure
- Vehicle Will be Repossessed
- IRS Debt
- Past Due Medical Bills
- Threats of Eviction
- Overwhelming Credit Card Debt
- Harassment from Creditors
- Student Loan Debt (not included in debt relief)
- Loss of Employment
While these concerns are certainly significant, the list for most goes on. We know you have questions. With hundreds of cases filed, our bankruptcy attorneys have the answers.
Call (818) 818-1948 to get the help you deserve.
How Does the Bankruptcy Process Work?
The bankruptcy process is a legal procedure, so you should first and foremost find a knowledgeable attorney that specializes in cases like yours, who can help you make an informed decision about how you should proceed. Bankruptcy lawyers, like those in our Firm, will represent and guide you through all of the steps you will be taking next.
- Get a Great Lawyer
- Complete Credit Counseling Course
- File Petition with Bankruptcy Court
- Attend Meeting of Creditors
- Debt Counseling Course
- Court Confirms You are Eligible
- Debts are Eventually Discharged
At Glendale Law Firm, we know your situation and needs are unique. Bankruptcy is personal. Financial issues can affect every area of your life. We can help.
We can help create a customized Chapter 7 personal bankruptcy plan to help relieve you from your debt and the stress of collectors. Together, we will move past this so you can look forward to a future with less stress and more freedom.
As our client, we will treat you with the individualized service and attention you deserve. Call us at (818) 818-1948 to schedule your free consultation today and get one step closer to a new future.
Chapter 7 Bankruptcy Stop Wage Garnishment
Wage garnishment may have embarrassing consequences at your job. Once wage garnishment begins, your employer is suddenly aware of your personal financial situation. Although this type of information is meant to be confidential, mistakes can happen. People talk.
Wages can only be garnished after a creditor receives a judgment and an order of garnishment from the court. Money from your paycheck gets rerouted to the creditor automatically. Chapter 7 bankruptcy STOPS your wage garnishment and any collection activities against you.
Chapter 7 Bankruptcy Stops Creditor Harassment
When you face financial difficulties and are forced to miss minimum payments on credit cards and mortgage payments or fall behind on automobile payments, filing Chapter 7 bankruptcy may be the best way to stop creditor harassment. Automatic Stay: Filing for bankruptcy initiates an “automatic stay” that requires collection agencies and creditors to immediately stop all collection and foreclosure actions against you. It is the law.
How Much Does Filing Chapter 7 Bankruptcy Cost?
Chapter 7 Bankruptcy is often the least expensive form of bankruptcy. However, the court does have a mandatory filing fee of $338.00 including some administration fees. At Glendale Law Firm, your attorney also has fees, which must be paid prior to filing bankruptcy.
You and your attorney can discuss the entire payment process, including possible court payment plans or waivers at the time of your consultation.
At Glendale Law Firm, we specialize in Chapter 7 personal bankruptcy. We know you may have questions regarding your other options, so we have included more information below.
Many of your questions are answered below to help you understand the intricacies of debt relief and to ensure that you have the information you need to schedule an appointment.
What is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy does not eliminate the debts you owe, but is rather a repayment plan that will help you with workable terms and timelines for making payments toward your outstanding debt. Most people who don’t qualify for Chapter 7 bankruptcy opt to take advantage of filing for Chapter 13 bankruptcy.
Chapter 13 Benefits
- You may only need to pay a portion of the debt that is owed
- Late fees are no longer accruing
- Faster payoff of principle
With Chapter 13, you are actually paying down your debt, as opposed to making minimum payments while facing rising payoff amounts. Chapter 13 allows you to more effectively pay off the principle of a debt, eliminate interest, and allow more resources for the necessities of life.
What is Chapter 11 Personal Bankruptcy?
Chapter 11 personal bankruptcy is much like Chapter 13, but it involves significantly larger sums of debt. Chapter 11 bankruptcy also reorganizes finances and allows debts to be paid off over time, but the time and debt limits are much more negotiable.
Small Business or Corporate Bankruptcy
What is Chapter 7 and Chapter 11 Business Bankruptcy?
Chapter 7 business bankruptcy involves a company (corporation or partnership) that is going out of, or is recently out of, business. Therefore, liquidation is the main focus to repay owed debts and remaining monies after liquidation is dispersed among the owners.
Chapter 7 and Chapter 11 business bankruptcy mirrors what they do for personal bankruptcy, but at a business level.
A company (corporation, partnership, or sole proprietorship) that is filing for Chapter 11 business bankruptcy is trying to save their business and stay in control of the finances by devising a repayment plan. This reorganization of debts protects the debtor by putting collection attempts and litigation on hold until the court advises as to the proceedings.
Directions To Our Law Office
Glendale Law Firm is conveniently located at 100 N. Brand Boulevard, Suite 600, downtown Glendale, California. We are on the east side of where East and West Broadway meet, just north of the Museum of Neon Art.
If using public transportation, we are the Brand at Broadway bus stop and about a 15-minute walk from Glendale Metrolink and Amtrak.