Chapter 7 Bankruptcy Lawyers — Los Angeles
Gumm & Green, LLP, in Westlake Village, California, works closely with clients to help resolve financial distress through Chapter 7 bankruptcy filing. The individuals we serve come from different backgrounds and economic levels, but they have one thing in common: the need to address significant debt.
Contact us today to schedule a free initial consultation.
What is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy filing often is called debt liquidation because it results in the discharge of your unsecured debt. Things like car loans, medical bills and credit card payments virtually can all be erased, giving you a fresh start.
However, you can discharge all debts, including:
- Alimony and child support
- Taxes
- Student loans
- Personal injury settlements
- Criminal restitution
The best way to determine what debt can and cannot be discharged in your case is to discuss your financial situation with one of our attorneys. We will explain the process and thoroughly answer any questions you may have.
Do You Qualify for Chapter 7 Bankruptcy Filing?
In 2005, the Bankruptcy Code changed, making it more difficult for people to qualify for Chapter 7 filing. Utilizing the means test, we can quickly help you determine whether you are eligible for Chapter 7 or whether Chapter 13 bankruptcy is the better option for you.
The Automatic Stay – Temporary Protection
When you do file for bankruptcy, an automatic stay is set in motion. This puts a stop to foreclosure, car repossession and wage garnishment. The automatic stay also prevents creditors from harassing you with phone calls and e-mails. While these measures are temporary and you are still responsible for addressing house and car payments, it does give you breathing room – a chance to take the steps necessary to obtain a fresh start.
Contact Us
Our aggressive, dynamic approach to bankruptcy law, and our 25 years of combined experience can benefit you. Contact Gumm & Green, LLP today and schedule a free initial consultation to discuss filing for Chapter 7 bankruptcy. Call 818-707-4233.
