West Los Angeles Chapter 7 Bankruptcy Attorneys
Experienced Legal Representation in Southern California
If you have little to no disposable income and are drowning in overwhelming debt, Chapter 7 bankruptcy can help give you and your family a fresh financial start. Chapter 7 bankruptcy can help you discharge debt and wipe your slate clean. Filing can also provide you with immediate relief and temporarily protect you from collection actions.
Our West Los Angeles Chapter 7 bankruptcy lawyers provide our clients with personalized solutions for eliminating their debts. Our team at the Ghanooni Law Firm understands that no two people amass the same debt in the same way, and there is, therefore, no “one size fits all” approach to bankruptcy. No matter what has led to your current financial difficulties, our goal is to provide you with the guidance and advocacy you need to get through this challenging time. We will thoroughly explain what a Chapter 7 bankruptcy will mean for you, your family, and your assets. Our firm has helped thousands of clients turn their financial lives around, and we are ready to provide the same relief to you.
Explore whether Chapter 7 bankruptcy is right for you by contacting us online or calling (213) 429-7749. Payment plans are available, and we offer our legal services in English, Spanish, and Farsi.
“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.”
Qualifying for Chapter 7 Bankruptcy
Chapter 7 bankruptcy relief is only available to people who meet certain eligibility criteria, and it can sometimes be difficult to determine if you qualify. This bankruptcy option is usually reserved for individuals who are struggling to maintain living expenses and can consequently no longer make minimum payments on credit cards, medical bills, personal loans, and/or business loans. In other words, you may qualify for Chapter 7 bankruptcy if you have little to no disposable income.
A variety of factors will influence your Chapter 7 bankruptcy eligibility, including:
- Charitable contributions
- Daycare Expenses
- Secured Debts
- Support for Family
Our team can help you complete the California Means Test and assess whether you are eligible for Chapter 7 relief. This will involve comparing your current average income for the preceding six months to the state’s current average median income for your household size. If your income is less than the average median, you almost certainly qualify for Chapter 7 bankruptcy.
If your income exceeds the median, you will need to calculate your disposable income by subtracting qualifying expenses from your total income. The resulting amount is too high, you may not qualify for Chapter 7 bankruptcy and instead may need to file for Chapter 13 bankruptcy.
In some cases, individuals with significant business debts can qualify for Chapter 7 bankruptcy regardless of their income level. Only an experienced bankruptcy attorney can determine if an individual qualifies for such relief.
Our West Los Angeles Chapter 7 bankruptcy attorneys will assess your eligibility and advise whether filing will be the most effective means of reducing and eliminating your debts. If you do qualify, we will walk you through what the process entails and what you should expect.
How Chapter 7 Bankruptcy Works
We endeavor to provide our clients with a full-service approach to bankruptcy representation. When we agree to proceed with your case, we will petition the appropriate court on your behalf and complete all necessary paperwork.
Upon filing, you will receive immediate relief in the form of the automatic stay. This court order prohibits creditors from initiating or continuing any collection actions against you. Any pending foreclosures, repossessions, collection lawsuits, and garnishments will be temporarily halted, and the automatic stay typically remains in effect until your case has concluded.
Once your bankruptcy petition has been processed, you will be scheduled to appear at a bankruptcy hearing. At this meeting, the trustee assigned to your case will review your paperwork and circumstances to ensure that you filed your case in good faith. One of our attorneys will attend this mandatory hearing with you and give you the confidence you need to present your case without hesitation or delay.
Before you can receive a debt discharge, any non-exempt assets will need to be liquidated to compensate creditors. Liquidation may sound frightening, but you can exempt and protect many types of property, including equity in your home, your vehicle, your retirement accounts, wages, government benefits, furniture, clothing, tools of your trade, and other types of personal property.
We are extensively familiar with state and federal exemption schedules and can help you maximize available exemptions. Many Chapter 7 filers lose little to nothing to liquidation.
Once liquidation has been completed and the trustee signs off on your case, your remaining unsecured debts will typically be discharged within three months of your hearing. Unsecured debts include credit card debt, medical debt, personal loans, and unpaid utility bills. It is important for you to understand that certain debts cannot be discharged through bankruptcy and will still require timely payments, including your mortgage, car loan, spousal support obligations, and student loan obligations.
Enjoy Financial Freedom Without Delay
There is absolutely no reason you should have to deal with calls from angry creditors or excessive notices in the mail. Our West Los Angeles Chapter 7 bankruptcy lawyers are invested in your financial well-being and are prepared to guide you through each step of the process. Our team at The Ghanooni Firm is ready to help you retake control of your life and can provide the diligent advocacy you need to secure the fresh start you deserve.
Schedule a free initial consultation by contacting us online or calling (213) 429-7749.
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.