Understanding the Bankruptcy Process in Los Angeles

Los Angeles Bankruptcy Lawyer

The bankruptcy process can seem complex and difficult, and in fact, the process does have more requirements than in earlier years. If you are considering filing for bankruptcy, it is essential that you get legal help with a great familiarity with every aspect of the process. Filing bankruptcy is regulated by the Federal Rules of Bankruptcy Procedure, commonly referred to as the "Bankruptcy Rules", as well as the local rules of each bankruptcy court. Official forms that are used in bankruptcy cases are set in the Bankruptcy Rules. The formal legal procedures for resolving debt issues for individuals and businesses are established in the Bankruptcy Code, Bankruptcy Rules, and local rules. It is essential that you get help from an established Los Angeles bankruptcy lawyer if you are considering filing.

The Bankruptcy Process and Alternatives

Every financial situation surrounding debt is different and the options available to an individual debtor are different. There are often alternatives to bankruptcy that will better serve the individual client. Getting a full review of your situation to help you decide how to best move forward is necessary before making any decision. Many people or business owners will find the filing for bankruptcy is still the best option that will afford them the greatest financial relief. We have evaluated cases in which a family was considering filing for bankruptcy to handle an underwater mortgage, and we engaged in an effective foreclosure defense, helped them in a loan modification, deed in lieu or negotiated with their bank on a short sale. We are committed to providing one-on-one service that is geared to giving you the best results.

The process of filing for bankruptcy has more requirements than prior to the amendment in 2005. We find that most of our clients still qualify for chapter 7, and those that don't can take advantage of the relief they can get through filing chapter 13. Every step of the process should be carefully managed by a legal professional, as errors in the filing, in your disclosures or your documents can lead to a denial, a delay or even legal trouble. We are committed to serving you with the highest quality, personal legal service, and you can have confidence that our attorney will be focused on identifying the best possible solution for your financial problems.

Contact a Los Angeles bankruptcy lawyer from Matthews Law Firm for more information about the bankruptcy process, and how we can help you get your finances under control.