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Phone: 805.492.7045

Bankruptcy Attorney in Woodland Hills, CA

Find a Bankruptcy Attorney in Woodland Hills, CA

SERVING WOODLAND HILLS AREA

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BANKRUPTCY IN A GLIMPSE IN WOODLAND HILLS, CA

Woodland Hills, California is located in Los Angeles County, so it falls in the Central District of California (CACB), the US Bankruptcy Court jurisdiction. For good or bad, the CACB is the largest court for bankruptcy in the US, and it covers seven California divisions. Statistically, there’s an annual average of 41,399 bankruptcy filings at the CACB. That breaks down to 30,403 Chapter 7 filings and 10,555 Chapter 13 filings every year, with quite a few of them handled by a bankruptcy law firm Woodland Hills.

BANKRUPTCY VS. DEBT SETTLEMENT : WHICH IS RIGHT FOR YOU?

Bankruptcy and Debt Settlement are 2 solutions of same problem and both have their own Pros and Cons. Bankruptcy requires a court filing and is expansive as well as time consuming whereas Debt Settlement doesn’t require court filing and your debts can be negotiated with Creditors to pay less than the amount you owed. If you have massive debts then it’s time that you consider both the options. Bankruptcy and Debts Settlement have their own qualifying criteria and you may want to search for your options before you make a decision. Let’s understand what options you have and what do you qualify for.

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AT BERNEMAN LAW FIRM, OUR ATTORNEYS CAN HELP YOU DETERMINE YOUR OPTIONS AND WALK YOU THROUGH THE PROCESS TO HELP YOU WITH FOLLOWING:

CHAPTER 7 BANKRUPTCY IN WOODLAND HILLS

The Chapter 7 bankruptcy is sometimes called “liquidation” because the idea is that everything is sold off to pay back your debtors. It’s also called a “straight bankruptcy,” perhaps because it’s supposed to be quick-and-easy (it might take 3-5 months to process). Chapter 7 is the solution if you are just having a hard time paying your bills, but you also must turn in your financial records to prove that you earn less than the monthly (median) income. The other variable is that you must owe enough (your debt must be high enough) to qualify. You must seek guidance from our Woodland Hills Chapter 7 bankruptcy attorneys to get out of debts as soon as possible and gain financial freedom.

CHAPTER 13 BANKRUPTCY IN WOODLAND HILLS

If you have a job (a regular paycheck), Chapter 13 bankruptcy is probably the best option for you. That’s why it’s sometimes called a “wage earner’s bankruptcy.” The benefit of this option is that you can re-organize your debt to get out from under those crushing interest rates. It also may help if you’re in danger of losing your house or other property due to foreclosure. This type of bankruptcy allows you to pay off your debt in a 3-5 year repayment period. You may also be able to request that some of your debts be forgiven, but there are some restrictions on the level of debt. You can owe no more than $419,275 in unsecured debt (credit cards, etc.) and no more than $1,257,850 in secured debt (mortgages, etc.). This process isn’t easy can take long time for debts to be discharged. No need to worry though as our Chapter 13 bankruptcy attorneys in Woodland hills are here to make this process easy and comfortable so that you can get back to your normal life as soon as possible.

You may also want to discuss other legal ramifications or considerations related to your financial situation. Here are just a few of the other types of services that you may make use of from a lawyer.

DEBT RELIEF IN WOODLAND HILLS

Though many people think bankruptcy is the only possible option they have but our Debt Settlement attorneys in Woodland Hills can help you save time and cost of court filing and help you settle your debts out of court if possible. Depending on your financial situation, and what other socio-economic or demographic factors may be involved, your lawyer may be able to advise you about other debt-relief options that are only available to your particular situation. Even if bankruptcy is not a solution you’d like to pursue, whether because you don’t qualify or because you don’t want to go that direction, a lawyer can still review your financial records, and he or she may have solutions or ideas that will help you dig yourself out of debt, whether it be a program idea, debt counseling or other possible solutions.

FORECLOSURE IN WOODLAND HILLS

A foreclosure is not a good thing, and it’s not something that you spearhead. It is something that could benefit from a lawyer’s advice and input, though. A bank or other financial institution can foreclose on your home or property if you are behind in your payments. There may be nothing really you can do to stop it, particularly if you do not qualify for bankruptcy protection, but our Foreclosure lawyer in Woodland Hills can answer your questions, and let you know what your options are. Get in touch with us today and look for best possible options available to avoid Foreclosure.

CONTACT OUR WOODLAND HILLS BANKRUPTCY ATTORNEY TODAY

We at Berneman Law Firm, offer a myriad of solutions to meet your needs. When you come into our office, we’ll review your entire financial situation, and we’ll also discuss how you may qualify for any number of different debt relief solutions, whether that be related to bankruptcy or other debt consolidation solutions. We work with you to determine where you are now, and then we offer a path forward to achieve the goal of where you’d like to be in a few years. There are lots of options out there, but you need to look for an attorney that you can trust.

You must ask for following details before you pick your lawyer:

  • Ask for his/her credentials.
  • Ask where and when they were licensed.
  • Ask about their level of experience, not only as a lawyer but also in the field of bankruptcy.
  • What is the success rate, and can they tell you about their client satisfaction?

We are the expert of Debt Settlement, Foreclosure, Chapter 7 & Chapter 13 Bankruptcy