Los Angeles Chapter 7 Bankruptcy Attorney

Information on Chapter 7 Bankruptcy Eligibility

If you are struggling every month trying to pay off an amount of debt that is beyond what you can afford, you may want to consider filing for bankruptcy. Chapter 7 bankruptcy, (as opposed to Chapter 13 bankruptcy) is a type of bankruptcy in which all or most of your debt is discharged. Often times, certain assets will be liquidated in order to pay off a portion of the debt, while the rest of the debt is forgiven altogether. However, there is a strict eligibility requirement for people to file for Chapter 7 bankruptcy. A "means test" calculates your monthly income versus your monthly expenditures to determine if you have the means to pay off a portion of your debt. If your monthly income falls below the state average, you will likely be eligible to file for Chapter 7 bankruptcy. To find out more about Chapter 7 bankruptcy and the means test, contact a Los Angeles bankruptcy attorney from our firm today.

When you file for bankruptcy, you will go to bankruptcy court. You need an attorney to represent you in court. Through debt litigation, we may be able to reduce the amount of debt you have been held responsible for, and increase the amount that will be discharged. After your bankruptcy is complete, we can help you with your credit restoration process so that you can move forward with a fresh start.

Chapter 7 Bankruptcy Attorney Serving Los Angeles

Matthews Law Firm is dedicated to helping our Los Angeles clients through their Chapter 7 bankruptcies. During this economic recession it is common to have accrued a large amount of debt. Monthly interest charges and late fees and penalties make it impossible to get out of debt, and the pressure just increases. Hiring an attorney to handle your litigation and help you through the bankruptcy process will ensure that your bankruptcy goes smoothly and that you gain every possible financial advantage when filing chapter 7.

Contact a Los Angeles Chapter 7 bankruptcy attorney from our firm to discuss your eligibility and see if you can file for Chapter 7 bankruptcy.