Hire a Local Lawyer to Handle Your Bankruptcy

There are a large number of Los Angeles bankruptcy lawyers available to assist you with filing for bankruptcy. The first step in filing for bankruptcy is consulting with a bankruptcy lawyer to determine the necessity for such filing. Each case is unique and this is why a bankruptcy lawyer should be consulted to determine the best course of action for your individual financial situation. A bankruptcy lawyer can determine if a chapter 7,11, 12, or 13, bankruptcy proceeding is appropriate in your case and also help you to understand the intricacies of the California bankruptcy law.
One thing that you need to consider is whether or not your assets qualify for bankruptcy protection. This is known as the “Tested Claim” issue and there are a few different aspects that must be addressed before a bankruptcy lawyer can make a recommendation for you. First, the court will have to determine whether or not you and/or your spouse have suffered an income or expenses sufficient to support a claim for bankruptcy protection. An income and expense analysis will be performed on your personal financial records in order to determine whether or not you and/or your spouse’s claims for bankruptcy protection are valid. Once the Tested Claim issue has been resolved, your bankruptcy lawyer will be able to file for a discharge of your case and begin the process of removing your personal bankruptcy debt.
If you file for a discharge without the advice of a bankruptcy lawyer, a discharged claim cannot be enforced against you. You may find that once the bankruptcy court removes your debts, it re-establishes all of your debts with the chapter 13 bankruptcy law. The bankruptcy law allows discharged claims to be re-estabelled in order to allow a bankruptcy lawyer to file for discharge of a discharged claim. This means that you again may be responsible for debts previously discharged, including a reconnection fee.
Once your bankruptcy lawyer files your discharge, you will no longer be required to pay reconnection fees. However, if you fail to remove all of your debts from bankruptcy while your bankruptcy lawyer files for the discharge, you may have to repay reconnection fees. If you are unable to settle your debts in this way, you can request that a bankruptcy court order in a bankruptcy auction to sell any assets that you may have amassed during your bankruptcy.
Another reason that you should consider using a bankruptcy lawyer is that they can advise you on how to handle your credit after the discharge has been granted. Most people file for bankruptcy protection because they believe that their debts will prevent them from being able to buy a new home or car. A bankruptcy lawyer can help you negotiate repayment plans with your creditors, which may be an option to keep you in your home and avoid foreclosure.
If you choose to hire a bankruptcy lawyer, you will benefit from having someone who understands the Los Angeles bankruptcy law. They can inform you about options that you do not know about, as well as options that may work. They can also answer questions that you may have. While you should hire a bankruptcy lawyer from the start, it is not necessary to disclose their fees before you hire them. You should ask the bankruptcy lawyer to provide a written estimate of their fees at the time that you meet them. The Los Angeles bankruptcy lawyer that you hire should also offer a free initial meeting and a written agreement on all fees before they begin working on your case.
This article was written by Alla Tenina. Alla is the best bankruptcy attorney in Los Angeles California, and the founder of Tenina law. She has experience in bankruptcies, real estate planning, and complex tax matters. The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser; the ABA and its members do not recommend or endorse the contents of the third-party sites.