Los Angeles Bankruptcy Attorney
Many individuals in the Los Angeles area got caught in the economic downturn and either lost their jobs, had a mortgage payment that increased to an unmanageable amount or ran into another circumstance causing severe financial problems. Situations such as divorce, medical emergencies or losing a job can all result in overwhelming debt that you cannot hope to pay. When an individual or family suffers from extreme financial difficulties, bankruptcy is an option provided by federal law that offers you the chance for a fresh financial start. Thousands of individuals in the area have taken advantage of these laws and have moved forward without the crushing debt they faced prior to bankruptcy. Our attorney, Luke Jackson, assists clients in serious financial trouble to resolve their problems through a variety of legal actions including the following:
Our firm offers a free initial consultation to advise you of your options in resolving your financial difficulties. Some may not choose to file bankruptcy and need assistance in renegotiating their debt load with our help. When represented by an attorney, creditors no longer have the option to contact you and our attorney will fight for lower interest rates, reasonable payments or settlements. In some cases, bankruptcy is the best option, and finding out if you qualify for Chapter 7 is a vital part of the process. Chapter 7 bankruptcy allows you the option to discharge your consumer debt such as credit cards, medical bills and many other types of debt. When the process is complete you will be in a fresh financial position, virtually clear of debt and can begin to rebuild your credit.
Some find that Chapter 13 is a better option, particularly when you hope to keep your home or other assets. This form of bankruptcy will allow you to pay off your outstanding debt obligations over a 3 - 5 year period. Chapter 13 is often a good solution for those who have a steady job or are self employed and making an income but have gotten in over their heads. All collection activities are halted upon filing, allowing you the time to renegotiate your mortgage. Through the process of Chapter 13, most individuals pay only a percentage of the outstanding debt.
No matter the financial problem you are facing, it is likely that we can determine the best course of action legally to address the problem and allow you to be free of the stress of crushing debt and move forward with your life with a fresh start. We provide skilled personal legal assistance at an affordable rate to our clients, and we understand how important these matters are to you. It is important that you act quickly, as these circumstances usually only become more serious, and if you are in foreclosure or facing lawsuits, fast action can assist in sparing you the damage you will suffer if you don't act.
Contact a Los Angeles Bankruptcy Attorney
from our firm before your situation becomes more serious.