Secure a Fresh Start in Southern California
If you are being suffocated by crushing debt, filing for bankruptcy may be able to help you get your life back on track. Our bankruptcy services in West Los Angeles are designed to help people regain their financial footing by providing sound and knowledgeable advice on their debt relief options.
At the Ghanooni Law Firm, we understand the trepidation you may experience when considering whether to file for bankruptcy. We can assure you and your family that pursuing bankruptcy relief is not a sign of failure. In fact, bankruptcy provides a second chance and an opportunity to secure financial freedom.
Helping Clients in Los Angeles Get a Fresh Start Through Bankruptcy
We focus our efforts on obtaining financial stability and relief for our clients through Chapter 7 bankruptcy, Chapter 11 bankruptcy, and Chapter 13 bankruptcy. Our lawyers have successfully counseled thousands of hard-working individuals through the process that best suits their unique financial situation. We strive to develop committed and supportive relationships with our clients and will work to secure the best possible outcome in your case. Our firm is here to help you regain your confidence and integrity and will fight to provide you with the clean slate you need to move forward with your life.
Is Bankruptcy Right for Me?
Some people think of bankruptcy as a last resort and beat themselves over the decision to seek relief through the process. The reality is that bankruptcy is a venerable institution intended to provide necessary relief to people from all walks of life. Bankruptcy can be leveraged to escape endless cycles of high-interest debt and provide you with the fresh start you deserve.
No two sets of circumstances are the same, but there are many scenarios where bankruptcy may become necessary. We are compassionate to whatever difficulties and obstacles you are facing and are ready to provide nonjudgmental legal advice and support.
We have successfully handled bankruptcy cases for individuals that needed help as a result of:
- Failed Business Interests
- Threats of Foreclosure
- Job or Income Loss
- Medical Bills and Chronic Illnesses
- Poor Economic Conditions
- Unexpected Expenses and Damaged Property
- Ongoing Wage Garnishments
Our attorneys at the Ghanooni Law Firm recognize that choosing whether to file for bankruptcy can be a tough decision. Our bankruptcy services in West Lost Angeles include a user-friendly approach to outlining and assessing your financial situation.
By answering several straightforward questions, we can efficiently evaluate your circumstances and advise whether bankruptcy is right for you. We can also help you explore several alternatives to bankruptcy, including debt settlement.
Chapter 7 Bankruptcy Explained
Chapter 7 bankruptcy can give you the opportunity to efficiently discharge certain types of debt without making any additional direct payments to unsecured creditors.
Qualifying for Chapter 7
Individuals will generally qualify for this type of bankruptcy if they are unable to keep up with day-to-day expenses and therefore have little to no means of making minimum payments on credit card debt or medical bills.
Non Exempt Assets
In a Chapter 7 bankruptcy, non-exempt assets will be liquidated to partially compensate creditors. With proper preparation and guidance from an experienced attorney, many types of assets can be exempted and protected from liquidation. We will help you exempt as much as possible.
Legal Representation in Los Angeles
Our team will also handle all paperwork involved with your bankruptcy petition and accompany you to your mandatory hearing. You will generally be entitled to a discharge of unsecured debts within three months of filing your petition.
Chapter 13 Bankruptcy Explained
If you have a higher level of income or assets you wish to protect from liquidation, Chapter 13 bankruptcy may be able to provide you with the relief you need.
Chapter 13 Repayment Plan
Filers propose a repayment plan that takes into account all debts, liabilities, assets, income, and expenses. Your debts will be reorganized and consolidated into monthly installments you must pay over a period of three to five years.
The amount of this monthly payment will be tied to your current disposable income. Your plan will also include any past-due mortgage or car payments that must be paid in order to maintain ownership following the conclusion of your case.
Protection from Collections
You will be protected from foreclosure and other collection actions throughout your Chapter 13 plan, and you will be permitted to discharge any remaining unsecured debts once you have made all payments. Our team will work to secure the best possible repayment plan.
Choosing the Right Bankruptcy Lawyer in Los Angeles
Our attorneys are prepared to provide you with the thorough and exacting representation you need to succeed in your bankruptcy filing.
Our bankruptcy services in West Los Angeles include comprehensive and tailored guidance throughout each step of the process, we will immediately work to stop creditor harassment and damaging collection actions.
We are invested in facilitating your and your family’s debt-free future, and we will do everything possible to help you regain your financial future.