Los Angeles Bankruptcy Lawyer
Trusted Bankruptcy Attorneys Serving California
Los Angeles residents looking to start fresh in their financial life by
filing for bankruptcy to wipe out many of their outstanding debts rely
on Price Law Group. Our experienced bankruptcy lawyers in Los Angeles
can provide sound legal guidance for matters involving
Chapter 7 and
Chapter 13 bankruptcy.
Contact Price Law Group to schedule a consultation. Se habla Español.
Types of Bankruptcy in California
For most California residents in Los Angeles, there are two types of bankruptcies
that you can apply for:
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy
Any Los Angeles bankruptcy attorney from our firm is ready to review your
financial situation and work with you to determine which type of bankruptcy
is right for your situation.
About Chapter 7 Bankruptcy
In Chapter 7, filers will get immediate protection from the creditors that
are harassing them. In this strategy, you are not placed on a repayment
plan but you must qualify for this type of bankruptcy. The main qualification
for Chapter 7 is that you make less than the median income in your specific
area. If you don’t make less than the median income, there are still
ways to get qualified for Chapter 7 bankruptcy. Our practiced Los Angeles
bankruptcy lawyers can help determine if you are eligible for this option.
About Chapter 13 Bankruptcy
In Chapter 13, you are placed on a repayment plan that spans the course
of 3 to 5 years in which you will repay back the debts that you owe monies
on based on your financial situation. All of your unsecured debts will
be organized into one group with the majority of your income going towards
paying those debts. However, monies will be set aside for you to pay mandatory
living expenses such as rent, a car payment, a house payment, utilities, etc.
Call Price Law Group Today: (866) 210-1722
If you are in Los Angeles and are facing unsurmountable debt contact the
Price Law Group. Our Los Angeles bankruptcy attorneys have years of experience
and have helped many thoughtout the state. We can help you take control
of your financial future. Let us review your financial situation and help
determine the right course of action!
Our Los Angeles bankruptcy lawyers are ready to answer your questions.
Call today!