West Los Angeles Chapter 13 Bankruptcy Attorneys
Knowledgeable Legal Representation in Southern California
Being unable to keep up with your bills can be dispiriting, especially as your debt inevitably begins to mount and becomes seemingly insurmountable. You work hard for a living, and although your debt may be currently suffocating you, relief options are available. Chapter 13 bankruptcy can help you restructure your debt and protect you from damaging collection actions.
Our team at the Ghanooni Law Firm understands that filing for bankruptcy is no one’s first choice, and we are compassionate to the financial difficulties you and your family are experiencing. Our West Los Angeles Chapter 13 bankruptcy lawyers can help you navigate the reorganization process as efficiently and painlessly as possible. We have helped thousands of clients reclaim their integrity and financial security through bankruptcy and can leverage our knowledge and resources to benefit your case. We will work closely with you throughout our handling of your case and are committed to helping lift the burden of debt off your shoulders.
“Eliza is not only super knowledgeable on all legal issues, but she is also very good at negotiating with creditors to settling any outstanding debts.”
Is Chapter 13 Bankruptcy Right for Me?
Chapter 13 bankruptcy is not necessarily right for everyone. The process is designed for people with some means to partially repay what they owe. This type of bankruptcy will not necessarily be appropriate for someone with little to no current income, for example.
There are four common questions we ask our prospective clients when they are considering Chapter 13 bankruptcy:
- Are you behind on your mortgage, or have you received a notice of default or foreclosure?
- Are you behind on your income taxes and need help avoiding a possible wage garnishment?
- Do you need help protecting your assets from liquidation?
- Do you not qualify for Chapter 7 bankruptcy due to your current level of disposable income?
If you answered “yes” to any of these questions, Chapter 13 bankruptcy may be right for you. Chapter 7 bankruptcy may be a better choice for you if you have little to no means of repaying your debts. In order to be eligible, your current average income for the preceding six months be less than California’s current average median income for your household size or you must have sufficiently low disposable income after accounting for qualifying expenses. Chapter 7 bankruptcy comes with its own caveats, however, including the liquidation process. Non-exempt assets will be liquidated in exchange for a debt discharge.
Chapter 13 bankruptcy will make more sense if you do not qualify as a result of your income or you have non-exempt assets you wish to protect. Filing for Chapter 13 relief can be extremely useful if you wish to avoid foreclosure and keep your home, for example.
Our West Los Angeles Chapter 13 bankruptcy attorneys will carefully evaluate your unique circumstances and advise what type of bankruptcy is right for your situation. We will give you the information you need to make an informed decision and can help you understand what to expect if you choose to file.
How Chapter 13 Bankruptcy Works
Our team endeavors to provide clear and concise explanations for every step we take in this important legal process. Chapter 13 bankruptcy is a form of debt reorganization, so it is important that your finances be succinctly and accurately presented to the court. We will provide these services as part of our representation and will complete all accompanying paperwork in full on your behalf.
As soon as you file your petition, you will be protected by bankruptcy’s automatic stay. This court order keeps creditors from initiating or continuing damaging collections against you, and in most circumstances, the automatic stay will protect you for the duration of your bankruptcy case. As a result, you will be potentially protected from foreclosure, repossession, collection lawsuits, and wage garnishments. You will also be safe from creditor harassment, as debt collectors are prohibited from contacting you once you file.
When you file for Chapter 13 bankruptcy, you propose and commit to a debt restructuring plan that lasts between three and five years. All of your outstanding obligations will be consolidated into a single monthly payment. These payments will work to address all of your debts, and you will only be required to pay what you can currently afford. So long as you continue to make your court-approved payments, your assets will be safe from repossession.
Upon completing your Chapter 13 plan, you will generally be allowed to discharge – or eliminate – any remaining unsecured debts. This means that any remaining credit card debt, medical bills, personal loans, or unpaid utility bills will be forgiven.
Certain types of debt cannot be discharged through Chapter 13 bankruptcy, including most types of tax debt, student loans, and missed spousal support payments. Mortgage arrears and some types of tax debt must also be paid in full over the course of your plan. We are familiar with the intricacies of the U.S. Bankruptcy Code and can work with you to develop a plan that meets all requirements while maximizing available relief.
How Bankruptcy Stops Creditor Harassment and Collection Actions
When you enforce your rights and ask a debt collector to no longer contact you, they may file a collection lawsuit against you. If you owe the debt, they are likely to receive a judgment against you, which allows them to garnish your wages. To avoid this outcome, you will need to meaningfully address the underlying debt.
Filing for bankruptcy may be able to provide you with the relief you need. The bankruptcy’s automatic stay will prevent creditors from contacting you. This court order will also stop any imminent or ongoing collection actions, including garnishments and collection lawsuits. Completing your bankruptcy case generally allows you to discharge unsecured debts, including credit card debt and medical debt.
When you choose to retain our services, our West Los Angeles creditor harassment lawyers will put a swift stop to all incoming debt collection communications. Our team at the Ghanooni Law Firm can then evaluate your financial circumstances and advise whether bankruptcy is right for you. We want to help you live a life free from burdensome debt, and our firm is ready to implement creative and effective solutions to make this possible.
Boutique Law FirmOur boutique law firm has been open for over a decade, providing clients with strategic solutions for their unique bankruptcy situation.
Hands On ServiceWe are available to answer questions for our clients and we believe in constant communication throughout the duration of the case.
Judgement Free SpaceWe want to provide our clients with a comfortable judgement-free space. Bankruptcy can affect everyone and we want to help you find the peace of mind that everyone deserves.
LanguageOur team can help you in English, Spanish and Farsi. Do not allow a language barrier to stop you from pursuing financial peace.