What is Chapter 7 bankruptcy?
Have your debts gotten out of control? Are you overwhelmed by credit card payments and fees or buried under medical bills? Are you tired of being constantly hounded by debt collection calls? Filing for Chapter 7 bankruptcy protection may be your best chance to eliminate these debts, protect your family’s assets and start fresh.
Get Protection From Out of Control Debt
The Los Angeles bankruptcy lawyers at Oaktree Law are highly skilled in helping clients get out from under unmanageable debt while holding on to what means the most to you. We take the time to get to know you and your particular financial situation before recommending a specific path to take. Our commitment to putting client needs first is why our firm is listed on hg.org, 10 Best Debt, and TopLawPractices. Trust us to help you regain financial peace when struggling with heavy debt.
How does Chapter 7 bankruptcy help me?
When you file for Chapter 7 bankruptcy protection, the bankruptcy court will issue what is called an automatic stay, which ends all attempts to contact you about any monies you owe. You’ll be protected from creditor calls, threats of a foreclosure sale and lawsuits. Your wages will no longer be able to be garnished.
Filing for Chapter 7 bankruptcy can enable you to get rid of:
- IRS debt
- Credit card debt
- Tax bills 3 years or older
- Wage garnishment and potential repossession
- Other unsecured debts and obligations
Filing for Chapter 7 bankruptcy protection does not always mean you have to give up your home, car or other valuable possessions. There are many exemptions available for personal and real property, and after your debts are discharged, you may be able to keep your car and your home. If you qualify, Chapter 7 bankruptcy doesn’t require you to give up everything; in fact, filing for bankruptcy provides you with an opportunity to wipe out your existing debt and start again.
Dedicated Los Angeles Bankruptcy Attorney
If you do not qualify for Chapter 7 bankruptcy, you may be able to file for Chapter 13 bankruptcy. Our Orange County bankruptcy attorneys can help you to find the bankruptcy solution that makes the most sense for you.
Your free consultation is waiting, contact us or call us (562) 219-2979 to get the legal help you need!