The Benefits of Bankruptcy

Bankruptcy Lawyer in Los Angeles

A discharge, or a release of a debtor from personal liability for their consumer debt, including credit card debt, medical bills, personal unsecured loans and others and is one of the benefits you will get when you file for chapter 7 bankruptcy. There are certain exceptions to dischargeable debts that should be reviewed in your specific case. For those who don't qualify, they can get the debt relief they need through filing chapter 13, which has the benefit of allowing you to keep your property and pay off outstanding obligations over a 3 - 5 year period at a rate that you can afford. In either case, you will find that you will begin noticing the benefits of filing within days.

Relief from Creditor Calls, Letters and Lawsuits

Another important benefit of bankruptcy is an automatic stay, or an injunction that automatically prohibits lawsuits, foreclosures, garnishments, and the majority of other collection activities from being engaged in once the bankruptcy petition is filed. Most of our clients report that they start enjoying the benefits of filing bankruptcy as soon as they are free from the constant creditor calls, letters and threats. The automatic stay allows the time to negotiate certain debts, such as your car payment and mortgage before you suffer repossession or lose your property through foreclosure.

At Matthews Law Firm, our Los Angeles bankruptcy lawyer is very familiar with how to file bankruptcy and how to best negotiate the terms with creditors in bankruptcy court. Many law firms are engaged in bankruptcy that have gotten involved due to the huge numbers of potential clients, but we have served the L.A. community for two decades, and have exceptional client care and service, as well as a thorough understanding of every aspect of the process. We fight aggressively to get every possible advantage for our clients that file for bankruptcy, and this can make the difference in thousands of dollars into your pocket instead of to a creditor.

It is always advised that you have trusted, experienced legal counsel when trying to address financial difficulties through filing bankruptcy. Although you can file on your own, you could run into serious trouble and have your fight to file denied, delayed or even face legal action if you have failed to disclose any type of asset. We carefully manage each step of the process, and our one-on-one service allows you to be confident that your interests are being protected. Don't trust such a serious legal act to a less qualified and experienced law firm. You deserve to gain every benefit when you file for bankruptcy, and we fight for you at each step.

Contact a Los Angeles bankruptcy lawyer from our firm to find out more about the benefits of bankruptcy in your individual case.