Select Page

Bankruptcy Attorneys in West Hollywood, CA

Legal Facts.org serves as your excellent source of law-related information. And because the law is very complex, we strive to simplify them, so you don’t need to find your way through its jargons.

Our team is composed of the best, experienced and passionate legal professionals. We only work with lawyers who are both excellent in their field and puts their client’s interests above all.

So, what are the things you need to learn about bankruptcy in West Hollywood, California? Read more below!

SEE IF YOU QUALIFY FOR BANKRUPTCY

Enter your Zip Code

Next

legalfacts.org approved

How much debt do you have?

Previous
Next

legalfacts.org approved

Do you own a home?

Previous
Next

legalfacts.org approved

Are you financing a car?

Previous
Next

legalfacts.org approved

Do you have any lawsuits against you?

Previous
Next

legalfacts.org approved

Are you married?

Previous
Next

legalfacts.org approved

What has caused your hardship?

Previous
Next

legalfacts.org approved

Type of debts

Previous
Next

legalfacts.org approved

We have more information needed

Previous
Next

legalfacts.org approved

We respect your privacy and will never spam you

Previous

legalfacts.org approved

Sending...

Fresh Start Program in West Hollywood

In today’s financial world, many people, and even businesses, are faced with financial situations that are out of their control. An investment that was not effective, a health emergency that ended up being excessively costly, or perhaps your company was unable to operate normally due to a major cause.

All of these things can compromise your finances and lead you to be drowning in debt you can’t pay. However, there is one solution that can help you pay off your unsecured debt and enjoy a fresh financial start – bankruptcy.

Many people dismiss this option, thinking that it will be the final nail in the coffin of their finances, and that once they decide to do so everything will only get worse. This is because of the many MYTHS that exist about bankruptcy. THE TRUTH is that you could save your most precious possessions, enjoy peace of mind, and start over financially.

Experience

If you decide to file for bankruptcy, but you are unfamiliar with the laws surrounding this process, it may be a bad idea to do so on your own. An excellent bankruptcy attorney will have all the experience necessary to make your bankruptcy filing successful. In addition, a bankruptcy attorney knows the state laws and regulations inside and out, and will guide you through all the procedures.

Assess all your options

The extensive financial knowledge of an experienced bankruptcy attorney will allow him/her to diagnose your financial situation, and then determine what type of bankruptcy is best suited for your situation. You may want to get rid of your debts quickly, in which case the attorney will recommend chapter 7 bankruptcy. Or you may have a steady income and qualify for chapter 13 bankruptcy.

Protection from creditors

You may be receiving constant calls, and even visits, from creditors demanding payment of your debt. However, if your creditors know that you have an excellent bankruptcy attorney on your side, they will leave you alone immediately. Your attorney will make sure they stay away from you. He or she will tell you about the types of behavior that are considered abusive, and about the rights you have in your position. Once you file for bankruptcy, creditors are legally required to stop collecting on the debt.

Save your home or vehicle

If you are facing foreclosure proceedings, or if you are receiving threats to repossess your vehicle, hiring a bankruptcy attorney may be your best option to save those precious assets. The attorney will explain to you the options you have to have the best chance of keeping them. In addition, he/she will assist you in making lists of exempt assets, so that you do not make any mistakes during the procedure and end up losing something important to you.

Peace of mind

Retaining the services of an experienced bankruptcy attorney will make the entire process much easier. If you are going through a difficult financial time, you do not need to stress about legal procedures, when you can entrust it to someone who is much more experienced than you are in this field. Once you retain the services of an attorney, you can relax a bit, and then focus on rebuilding your finances with some peace of mind.

What Are The Benefits of Bankruptcy in West Hollywood California?

If you are a resident of California, one benefits of filing for bankruptcy in CA is that, you will be given two lists of different assets which you can exempt or “protect” – meaning, these assets won’t be taken away from you during the bankruptcy process.

However, you cannot mix assets on different lists, so you must wisely pick only one list to exempt.

California is also home to some of the best bankruptcy lawyers around; so, wherever you are – whether you live in Los Angeles, Beverly Hills or Anaheim – you have the best bankruptcy lawyers to help you!

What Are The Different Types of Bankruptcy in West Hollywood, California?

Chapter 7 Bankruptcy

If you want to clear your debts as fast as possible, Chapter 7 Bankruptcy is your best option.

In Chapter 7 Bankruptcy, your non-exempt assets (assets which are subject to liquidation) will be sold by your bankruptcy trustee, and the proceeds will go to your creditors.

This is often uncomfortable to many, but if you want to clear your debts fast and/or you have no choice, this can be the best option for you.

Remember that you will not lose all your properties – you have exempt assets, assets which are secured and won’t be taken away from you.

Chapter 7 Bankruptcy

If you want to clear your debts as fast as possible, Chapter 7 Bankruptcy is your best option.

In Chapter 7 Bankruptcy, your non-exempt assets (assets which are subject to liquidation) will be sold by your bankruptcy trustee, and the proceeds will go to your creditors.

This is often uncomfortable to many, but if you want to clear your debts fast and/or you have no choice, this can be the best option for you.

Remember that you will not lose all your properties – you have exempt assets, assets which are secured and won’t be taken away from you.

What Can A Chapter 7 Bankruptcy Attorney in West Hollywood Offer You?

Finding a Chapter 7 bankruptcy lawyer in West Hollywood is your first step in filing for your bankruptcy case.

Once you found your bankruptcy attorney, it’s time to file the necessary papers and forms, and have them submitted to a bankruptcy court.

You and your West Hollywood bankruptcy lawyer will also find a bankruptcy trustee, the one who will take care on managing and selling your (non-exempt) assets.

Once the process is over, you will officially have a new financial start, and you can go to a Fresh Start Lender to rebuild your credit.

Chapter 13 Bankruptcy

In Chapter 13 Bankruptcy, you can keep your assets (at least for a while) while you restructure your finances and create a repayment plan, which is simply a systemized plan on paying your debts to your creditors.

Your West Hollywood bankruptcy lawyer will assist you in the process, and he/she will do his/her best to help you keep your assets at the end of your bankruptcy case.

Chapter 13 Bankruptcy is best if you file as an individual or as a small business.

What Can A Chapter 13 Bankruptcy Attorney in West Hollywood Offer You?

About 98% of Chapter 13 bankruptcies filed without an attorney are failed. If that is not enough to make you consider hiring a legal professional for these types of cases, consider all the paperwork you will have to file with the court and the amount of time it will take you to do so. A lawyer will make your life easier and take care of these processes. 

 

Also, having a West Hollywood bankruptcy attorney will help you organize your finances so that you can continue with a normal life, even while making your reorganization plan payments.

Chapter 11 Bankruptcy

If Chapter 13 works for individuals or small business filers, Chapter 11 works best if you are a big business – partnerships or large corporations.

In Chapter 11 Bankruptcy, you can keep your assets as well – you can even remain in power over your business/es – as you pay your debts through a reorganization plan. Failure to pay all the said debt would mean liquidation of your assets, depending on your remaining balance.

Chapter 11 Bankruptcy

If Chapter 13 works for individuals or small business filers, Chapter 11 works best if you are a big business – partnerships or large corporations.

In Chapter 11 Bankruptcy, you can keep your assets as well – you can even remain in power over your business/es – as you pay your debts through a reorganization plan. Failure to pay all the said debt would mean liquidation of your assets, depending on your remaining balance.

What Can A Chapter 11 Bankruptcy Attorney in West Hollywood Offer You?

The processes of economic reorganization in Chapter 11 can be excessively complex and take several years to resolve completely. During this time, it is important to have legal advice to know that you are proceeding correctly through the process.

In addition, keep in mind that it is mandatory to have a federal bankruptcy attorney in order to apply for chapter 11 bankruptcy. Do not hesitate to contact our attorneys if you want to know more!