Los Angeles Chapter 7 Bankruptcy Attorney

What is Chapter 7 Bankruptcy?

The different "Chapters" of bankruptcy law cover different types of organizations and different methods of securing relief from creditors.  Chapter 7 is specifically aimed at helping individuals gain debt relief.  Creditors can be unbelievably persistent and harsh while they are attempting to collect monies owned to them.  Although an individual may want to pay these debts, due to job loss, divorce, medical bills, excessive debt and the like, those bills may have to go unpaid and expose the individual to strenuous collection efforts.  If this nearly describes your situation an experienced Los Angeles Bankruptcy Lawyer can help you gain some breathing room to regroup financially through a Chapter 7 bankruptcy petition.

You may be worried that you will lose everything and become a homeless beggar after declaring bankruptcy.  Nothing is further from the truth.  The law allows certain assets, like one's home, to be exempt from the list of assets whose value determines how creditors will be paid.  After reviewing your financial situation, the Law Offices of Luke Jackson can tell you exactly what you can expect to keep and how the proceedings are likely to go.

When to Consider Chapter 7 Bankruptcy

If you are behind in your credit card payments or other bills and receiving collection calls, have exorbitant interest rates, if your credit card balances keep increasing, if you are using credit cards to pay off other credit cards, if you are considering using a retirement fund to pay off your debts, if you cannot pay your mortgage or any similar scenario, you should consider a Chapter 7 bankruptcy petition.  On top of the stress of keeping up with creditor calls and letters, you may be experiencing physical problems such as sleep disturbances or ulcers.  Your marriage might be in trouble.

It is not worth losing your health and happiness over money problems.  Relief from this stress can change your whole life and make it possible for a new start.  Luke Jackson understands exactly the problems you are facing and knows bankruptcy law through and through.  His experience can help you gain the fresh start you need to begin life anew with a clean slate.

Contact a Los Angeles Bankruptcy Attorney for expert answers to all your questions about Chapter 7 bankruptcies in the Los Angeles area.