Panorama City Bankruptcy Attorney

Helping Clients in the San Fernando Valley Get Out of Debt

Are you struggling with debt? Are you being harassed by creditors? Do you need a fresh start? If you answered “yes” to any of these questions, you may be a good candidate for bankruptcy. At Financial Recovery Law, we have helped thousands of clients get out of debt and get a fresh start. We have the experience and knowledge to help you, too.

Our Panorama City bankruptcy lawyer has been helping clients in the San Fernando Valley for over 20 years. We have a proven track record of success. We have helped thousands of clients get out of debt and get a fresh start. We have the experience and knowledge to help you, too.

Call (888) 256-8581 or contact us online today to schedule a consultation with our bankruptcy attorney in Panorama City. We can help you get out of debt and get a fresh start.

What Is Bankruptcy?

Bankruptcy is a legal process that allows individuals and businesses to eliminate or restructure their debt. Bankruptcy is a powerful tool that can help you get out of debt and get a fresh start. It can help you eliminate your debt and stop creditor harassment. It can also help you save your home from foreclosure and your car from repossession.

There are several types of bankruptcy, including Chapter 7, Chapter 11, and Chapter 13. Each type of bankruptcy is designed to help individuals and businesses in different financial situations. Our Panorama City bankruptcy attorney can help you determine which type of bankruptcy is right for you.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is the most common type of bankruptcy. It is also known as “liquidation” bankruptcy. In a Chapter 7 bankruptcy, a court-appointed trustee will sell your non-exempt assets and use the proceeds to pay your creditors. Most of your unsecured debt will be eliminated in a Chapter 7 bankruptcy. Unsecured debt is debt that is not secured by collateral, such as credit card debt and medical debt.

Most people who file for Chapter 7 bankruptcy do not have any non-exempt assets. This means that they do not have to worry about losing any of their property. If you do have non-exempt assets, our Panorama City bankruptcy lawyer can help you protect them. We can help you take advantage of the California bankruptcy exemptions to protect your property.

Chapter 7 bankruptcy is a relatively quick process. Most Chapter 7 bankruptcies are discharged in a few months. Once your Chapter 7 bankruptcy is discharged, you will no longer be responsible for paying your unsecured debt. You will get a fresh start.

Call (888) 256-8581 or contact us online today to schedule a consultation with our bankruptcy attorney in Panorama City. We can help you get out of debt and get a fresh start.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is a type of bankruptcy that is designed to help individuals restructure their debt. It is also known as “wage earner” bankruptcy. In a Chapter 13 bankruptcy, you will propose a reorganization plan that will allow you to restructure your debt and pay your creditors over a period of three to five years. You will be able to keep your property while you are in bankruptcy.

Chapter 13 bankruptcy is a good option for individuals who have a regular income and want to keep their property. It can help you save your home from foreclosure and your car from repossession. It can also help you eliminate your unsecured debt and get a fresh start.

What Is the Bankruptcy Process?

The bankruptcy process can be complex and confusing. It is important to have an experienced bankruptcy attorney on your side. Our Panorama City bankruptcy lawyer can guide you through the bankruptcy process and help you get out of debt and get a fresh start.

The bankruptcy process typically involves the following steps:

• Pre-filing credit counseling
• Filing the bankruptcy petition
• Automatic stay
• Meeting of creditors
• Post-filing credit counseling
• Discharge

Our Panorama City bankruptcy attorney can help you navigate the bankruptcy process and help you get out of debt and get a fresh start.

Bankruptcy Alternatives

Debt Settlement

In debt settlement, a lump sum, often 50% or as low as 25% of the original debt, is offered to satisfy the creditor. This option is viable when full payments are unaffordable, often preventing costly litigation.

Tax Resolution

Facing IRS tax debt? You're not alone. Beyond financial implications, back taxes can lead to sleep difficulties, anxiety, and health issues, even causing strain on relationships. Our Tax Resolution services offer the Installment Agreement Program for monthly payments and the Offer in Compromise, allowing partial payment with the remainder forgiven, freeing you from tax liability.

Contact Our Panorama City Bankruptcy Lawyer

Financial Recovery Law understands the challenges that come with financial difficulties. We are committed to providing compassionate and effective legal representation, guiding you toward a brighter financial future.

If you are considering bankruptcy or need assistance with debt relief in Panorama City, contact Financial Recovery Law today. Schedule a consultation to discuss your unique situation and take the first step toward achieving financial stability.

Call (888) 256-8581 or contact us online to schedule a consultation with a bankruptcy lawyer near you.