Encino California Chapter 7 and Chapter 13 Bankruptcy Attorneys
Price Law Group has licensed bankruptcy attorneys in Encino California
that can help local residents looking to take control of their financial
future with the process of filing for bankruptcy. In many situations,
filing for bankruptcy is the right answer to your financial situation
and our experienced bankruptcy attorneys can help determine which bankruptcy
is right for you.
Encino residents typically find that Chapter 7 or Chapter 13 bankruptcy
is most suited to their needs. In both types of bankruptcies, you get
the immediate relief that you need from your outstanding debts.
Chapter 7 bankruptcy in Encino California may sometimes be referred to
as “liquidation” or “straight bankruptcy”. You
must qualify for this type of bankruptcy with the main qualification being
that you earn less than the median income in your specific area. If you
make the median income, or more than the median income, you may still
qualify for Chapter 7 bankruptcy in Encino California. There is no repayment
plan in this type of bankruptcy and you can get the immediate relief you
need against your outstanding debts.
Chapter 13 bankruptcy, also known as “wage-earners” bankruptcy
is type of bankruptcy that provides a person the ability to start fresh,
but still requires the filer to pay off some of their outstanding debts.
Encino CA residents that file under Chapter 13 will have monies set aside
to cover rent or a house payment, utilities, a car payment, etc. but the
majority of your income will be put towards paying off your outstanding
debts calculated over a 3 to 5 year period.
Call Price Law Group today to work with our experienced bankruptcy attorneys
in Encino California and let us help you determine whether Chapter 7 or
Chapter 13 bankruptcy is right for you.
For more information call us at 866-210-1722 or fill out the form below.