Chapter 7 bankruptcy can help give you and your family a fresh start by wiping your financial slate clean with the help of our Los Angeles bankruptcy attorney who is committed to getting everyone a second chance at financial stability.
At the Ghanooni Law Firm, our chapter 7 bankruptcy lawyer in Los Angeles provides our clients with a personalized approach to eliminating their debt for good. Our attorney knows that no two people amass the same debt, in the same way, which means there is no “one size fits all” approach to bankruptcy. No matter what has led to your financial difficulty, our goal is to help you through this tough time by thoroughly explaining what bankruptcy means to you and your family. For years, our lawyer has helped thousands of individuals turn their financial lives around from the moment we made contact, and we would like to help others receive that same opportunity with our help.
Our Los Angeles bankruptcy attorney focuses on your financial well-being, beginning with a free consultation. If you are struggling to survive financially, and your debts are mounting as a result, chapter 7 bankruptcy may be the answer to your financial woes. Bankruptcy is never the first option, as we have watched people struggle with debt for far longer than necessary in an attempt to avoid this path. The truth is, there is nothing to be ashamed of. No matter the reason you became financially overwhelmed, whether it was through illness, a failing business attempt or even divorce, we want to help you regain your confidence and integrity, while we walk you through the process and help you get your life back.
What is Chapter 7 Bankruptcy?
The Los Angeles Chapter 7 Bankruptcy lawyer at the Ghanooni Law Firm simplifies the definition of this process simply so it can be understood without confusion. This bankruptcy option is usually reserved for individuals who can no longer make the minimum payments on their credit cards, lines of credit, medical bills, personal loans, business loans and even tax debts, while struggling to maintain their living expenses.
In some cases, individuals with a majority of business debts can qualify for a chapter 7 regardless of their income. Only an experienced bankruptcy attorney can determine if an individual qualifies for such relief.
There are a number of components that factor into a chapter 7 bankruptcy eligibility and our attorney will walk you through these factors one by one to ensure that this is the best course of action for your financial position. Those factors can include:
- Charitable Contributions
- Daycare Expenses
- Domestic Support Obligations
- Secured Debts
- Support for Family
Your attorney will advise you whether or not your assets are protected in chapter 7 bankruptcy proceedings, and your financial slate is wiped clean in an effort to give you a second chance at financial viability going forward.
Let Us Do the Work So You Can Breathe Again
Our Los Angeles chapter 7 bankruptcy attorney is committed to providing our clients with a full service approach to representation. When we agree to proceed with your case by petitioning the courts on your behalf, we will complete all of the necessary paperwork and accompanying evidence that qualifies to proceed with this first important step to financial freedom.
Once the paperwork is processed, you will be scheduled to appear at a bankruptcy hearing within a four to six week window of time where the trustee will review your paperwork and circumstances to ensure you filed your case in good faith and that they have no objection to discharging your debt. An attorney will attend this mandatory hearing with you, giving you the confidence you need to present your case without hesitation or delay. Once the bankruptcy paperwork is filed, your debts will generally be discharged within three months of your hearing.
It is important for all of our clients to understand that certain debts still require timely payments, including your mortgage, car payment, domestic support obligation and student loan obligations.