Chapter 7 Bankruptcy
Serving Sherman Oaks, Ca
Chapter 7 bankruptcy is the type of case that most people are thinking about when they hear the word “bankruptcy.” In a Chapter 7 case, you can wipe out most debts other than a few specifically excluded types (like domestic support obligations and student loans). Although a Chapter 7 bankruptcy case is called a “liquidation” bankruptcy, in almost all cases you can file and keep everything you own. That includes your house and cars. To read more about how this works click here.
Bankruptcy is a complex area of law and we will look at issues that could arise to see if Chapter 7 is the best option for you. Some of these include analyzing the “means test” to see if you qualify for Chapter 7, looking at the assets you own, reviewing large transactions leading up to the bankruptcy case, and many other factors.
If we believe Chapter 7 is a good fit for you, then we can get started immediately. In a Chapter 7 case, the entire process takes about 100 days from filing to case closure. Get started today by making an appointment for a free consultation and you could be 100 days away from being debt free.
Chapter 13 Bankruptcy
Serving Sherman Oaks, Ca
Chapter 13 bankruptcy is a type of case where we can help you restructure your debt. In a Chapter 13 case, we will draft a plan to pay back certain obligations and not others. We can also change the terms of some types of debt. For example, in many Chapter 13 cases unsecured creditors (like credit cards or personal loans) get discharged while secured debts (like defaulted mortgages or car loans) get repaid. We can also potentially strip away (get rid of) 2nd mortgages and Home Equity Lines of Credit (HELOCs), and reduce the balance on vehicle loans. Chapter 13 bankruptcy cases can also be used to stop a foreclosure and allow you to get current on your mortgage through a bankruptcy court approved repayment plan. Contact us today to see what our attorneys can do to help you.
FDCPA/FCRA Litigation, Debt Relief, Debt Settlement, Creditor Lawsuit Defense, Consumer Protection
We also litigate Fair Debt Collection Practices Act (FDCPA) and Fair Credit Reporting Act (FCRA) violations. If a creditor is using unfair, abusive practices we can help force them to stop. If a creditor is erroneously reporting information to your credit report, we can help fix it for you. In many cases with FDCPA/FCRA issues, the case can be taken on contingency or they can be covered by the party committing the violation. This means there may be no out of pocket up front cost to you (our fees are paid as a percentage of what we recover or by the creditor).
We offer Debt Settlement services. Sometimes, bankruptcy just isn’t a good fit for a client. In those cases, we can negotiate with the creditor to significantly reduce the amount owed and obtain favorable settlements for you. We are a bankruptcy law firm and having the “big stick” of bankruptcy helps us obtain very aggressive settlements for our clients.
We can also assist clients in defending creditor lawsuits and other consumer protection law representation.Disclaimer: We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Nothing contained in this website should be construed as legal advice. Consult with an attorney for advice regarding your individual situation. Contacting us through this website does not create an attorney-client relationship. Nothing in this website is intended as tax advice, nor is it intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Attorney Brett Bodie is responsible for this website.