Chapter 7 Bankruptcy Lawyer in LA

A person with an empty wallet filing for a Chapter 7 bankruptcy in Los Angeles.

Chapter 7 bankruptcy allows for the elimination of unsecured debt. It provides relief from credit card debt, personal loans, medical bills, payday loans, repossessions, unpaid rent, and other credit that is not secured by property. Eliminating debt in Chapter 7 bankruptcy helps free up money to pay secured debt like a vehicle or home that an individual wants to retain.

The risk in filing Chapter 7 bankruptcy is that the person might not qualify, might lose their property, and might be challenged by a creditor or the bankruptcy trustee. These risks are carefully reviewed by our attorneys and thoroughly explained to any client who wishes to file for a Chapter 7 bankruptcy.

Do I Qualify for Chapter 7 in California?

Chapter 7 bankruptcy is for individuals or businesses that cannot afford to pay back their debts. To qualify, an individual must pass the means test, which is an analysis of income, expenses, and total amount of debt. If an individual has enough disposable income to pay some of the total debt, that person may need to file for Chapter 13 bankruptcy through a repayment plan.

The means test that determines Chapter 7 eligibility involves a complex formula and detailed knowledge about California’s median income levels and expenses. We provide a free means test analysis to assist in determining if individuals or businesses qualify for a “fresh start” debt relief under Chapter 7 bankruptcy.

After a Chapter 7 bankruptcy case is filed, the debtor receives a discharge of unsecured debt within about 120 days. It is a requirement to list all debts; however, the Bankruptcy Code dictates what kinds of unsecured debts are eligible for discharge.

Why Choose the Law Firm of Kevin T. Simon?

An affordable Chapter 7 bankruptcy lawyer in Los Angeles helping a client filing for a Chapter 7 bankruptcy.

When it comes to searching for bankruptcy lawyers in the Los Angeles area, you want to find attorneys who are well versed at both Chapter 7 and Chapter 13 bankruptcy cases, and can guide you toward the right option for your financial situation. You also want to find a law office that charges reasonable Chapter 7 bankruptcy attorney fees in California. The Law Offices of Kevin T. Simon, APC provides solutions at reasonable prices.

A bankruptcy discharge is a powerful and complete elimination of unsecured debt. This debt does not need to be repaid in the future. Ask our affordable Chapter 7 bankruptcy attorneys whether this is the best option for you. Based in Woodland Hills, California, we represent clients in Los Angeles County, the San Fernando Valley, Santa Clarita County, Antelope Valley, Santa Barbara County, and Ventura County.

Call (818) 783-1674 or contact us online to schedule a free consultation with Kevin Simon, an experienced Chapter 7 bankruptcy lawyer in Los Angeles.