Los Angeles Bankruptcy Attorney
Bankruptcy Law Firm of Jasmine Firooz
a California professional corporation
Los Angeles Bankruptcy Law Firm
Specializing in Bankruptcy since 1994
Call Today : (213) 251- 8568
(800) 925-1LAW
Bankruptcy Law Firm of Jasmine Firooz
1605 West Olympic Blvd.
Suite 9021
Los Angeles, CA 90015
ph: (213) 251-8568
fax: (213) 251-8570
alt: (800) 925-1LAW
jasmine
Chapter 7
Los Angeles Bankruptcy Attorney
Wipe Out Debts through Chapter 7 Bankruptcy
What is a Chapter 7?
Chapter 7 bankruptcy, also called liquidation, is the most common type of bankruptcy and completely eliminates your dischargeable debt forever. Individuals or businesses who are granted Chapter 7 bankruptcy discharge have proven to the Bankruptcy Court that they have no realistic way to repay their debt over the course of the next three to five years.
When Chapter 7 bankruptcy relief is awarded, the debtor is legally excused from having to repay any unsecured debts, and most debtors are able to keep all properties. Typically it takes about four months after the case is filed in the Bankruptc y Court, for a Chapter 7 bankruptcy case to be discharged.
Certain types of debts cannot be eliminated through Chapter 7 bankruptcy including student loans, child support, alimony, and most taxes.
If you had a prior bankruptcy pending within the past year
The automatic stay is the provision of the bankruptcy code which stops or prevents creditors collection actions (including repossession, garnishment, foreclosure, etc.). However, if you filed one previous case which was pending within the past year, the stay will end on the 30th day after the filing of the present case.
The stay will not go into effect at all if you filed two or more previous bankruptcy cases which were pending within the past year. For the automatic stay to take effect longer where there was a single previous case, or at all where there was more than one previous case, you must file a motion with the court and demonstrate "that the filing of the later case is in good faith as to the creditors to be stayed."
Prior cases which were dismissed under 11 USC §707(b) for abuse of the code and failure to meet the means test are excluded in determining how long or whether the stay will take effect. [11 USC §362(c)(3) and 11 USC §362(c)(4)]
Within six months prior to filing a bankruptcy individuals must complete and obtain a certificate of credit counseling.
Amended Interim Rule 1007, made effective October 1, 2006, amends the filing requirement of Rule1007(b)(3) and allows the certificate of completion to be filed within 15 days after filing a petition.
You Previously Received a Bankruptcy Discharge
You cannot file for Chapter 7 bankruptcy if you obtained a discharge of your debts in a Chapter 7 bankruptcy case within the last eight years, or a Chapter 13 case within the last six years.
Los Angeles Bankruptcy Lawyer Jasmine Firooz will personally meet with you to review your financial situation and help you in deciding which option is most appropriate for your situation.
Not sure if you qualify?
Contact Bankruptcy Law Firm of Jasmine Firooz @
(213) 251-8568 or
(800) 925-1LAW
Schedule an appointment for a free consultation with a bankruptcy attorney to help resolve your debt problems.
Los Angeles bankruptcy law firm of Jasmine Firooz, A Debt Relief Law Firm, represents clients throughout Southern California, the San Fernando Valley, and downtown Los Angeles, including Beverly Hills, Van Nuys, Sherman Oaks, West Hollywood, Burbank, Glendale, Hollywood, West Los Angeles, Torrance, Riverside, Santa Barbara, West Los Angeles, Palmdale, Lancaster, North Hollywood, Van Nuys, Woodland Hills, Palmdale, Lancaster, Antelope Valley, Norwalk, West Covina, Temecula, Gardena, Inglewood, East Los Angeles, Hemet, Palm Springs, Santa Monica, Studio City, Century City, San Bernardino, Woodland Hills, Ontario, Long Beach, South Bay, Reseda, Encino, Ventura, Oxnard, Malibu, Huntington Park, Los Angeles County, Riverside County, San Bernardino County and Orange County, California
Bankruptcy Law Firm of Jasmine Firooz
1605 West Olympic Blvd.
Suite 9021
Los Angeles, CA 90015
ph: (213) 251-8568
fax: (213) 251-8570
alt: (800) 925-1LAW
jasmine
