Los Angeles Bankruptcy Attorney

Bankruptcy Lawyer Helping Individuals File for Bankruptcy in Los Angeles

Coming to the conclusion that bankruptcy is indeed the right option for you can be a difficult process. Once the hard decisions have been made, if you have assistance of a skilled Los Angeles bankruptcy attorney, the process behind actually filing for bankruptcy should move forward quickly. At the Mathews Law Firm, our highly qualified attorney will assist you throughout the entire bankruptcy process. Our firm will work hard to not only expedite this process, but we will also fight so that you receive the desired outcome to your case, including litigating your debts in bankruptcy court.

What You Need to Know About Filing for Bankruptcy

The first step towards filing for bankruptcy is to speak to a knowledgeable bankruptcy lawyer with extensive experience and success in bankruptcy court. Our attorney will review your situation and any relevant financial information to help determine whether bankruptcy is right for you or if an alternative will better serve your interests. It is important to discuss the merits and risks of both Chapter 7 and Chapter 13 bankruptcy. In order to file bankruptcy, it is required to complete a means test to get a full picture of your financial situation. Once you have decided on the best option available given the circumstances of your situation, your attorney will then move forward with filing your bankruptcy petition. You are also required by law to undergo a credit counseling session. Our firm ensures that every step of the process is carefully managed so that you get the optimum benefit from bankruptcy, including debt litigation in bankruptcy court when necessary.

Filing for bankruptcy in the state of California is very similar to filing in any other state. California does, however, have its own set of guidelines governing property exemptions. In a Chapter 7 bankruptcy, California law protects up to $75,000 of the equity you have in your home. You can also protect up to $2,725 of equity in your vehicle and $7,175 in jewelry, art, or other personal items. No matter what form of bankruptcy you chose to file, having a qualified, experienced and dedicated attorney to assist you can allow you the confidence to avoid delays, denials, or legal problems that can result in errors in your filing.

Contact a Los Angeles bankruptcy attorney if you would like to learn more about the implications of filing for bankruptcy.