According to some statistics, people are more likely to come into contact with the Bankruptcy
courts than they are any other legal process. Each year hundreds of thousands of people file the bankruptcy cases. The majority of them chooses a lawyer to help them through the process and to ensure that they get all the benefits due them, and suffer none of the pitfalls of the unwary. A Bankruptcy Lawyer’s
primary focus is to assist clients through court proceedings to reduce or eliminate debt or to proceed forward with bankruptcy. Local Attorneys 360
in Los Angeles is a legal firm with specialists in bankruptcy laws. At Local Attorneys 360 in Los Angeles not only you will receive legal advice, but a bankruptcy attorney will handle the paperwork from start to finish.
Types of Bankruptcy Lawyers
There are two types of bankruptcy lawyers:
- Commercial Bankruptcy Attorneys
- Consumer Bankruptcy Attorneys
Commercial bankruptcy lawyers protect your business from creditors when you are going through a bankruptcy filing.
Consumer bankruptcy lawyers protect you and your partner when going through bankruptcy filing by dealing with creditors, clearing debt, and setting up payment plans.
Our Services of Bankruptcy Lawyers
At Local Attorneys 360 in Los Angeles, we provide every client with realistic solutions to their financial hardships. We offer several Bankruptcy Law Services in Los Angeles, depending on your needs and situation. Some of our bankruptcy law services are:
- Debt Relief
- Asset Protection
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy
- Chapter 11 Bankruptcy
Signs that you may need to consult with a bankruptcy lawyer:
- Unable to pay your bills
- Constant calls from creditors and debt collectors
- Unsure how to approach debt piling up
- Bounced checks
- No cash flow
- Need representation in court
Bankruptcy Attorneys at Local 360
Both litigation and transaction skills are necessary to succeed as a bankruptcy lawyer. Strong communication skills, both verbal and written, are helpful in guiding clients through the intricacies of bankruptcy law as well as performing well in court. The process of filing for bankruptcy can be a lengthy and emotional undertaking. A bankruptcy lawyer must handle their client’s affairs with seriousness and delicacy since so much is at stake. Our Bankruptcy Attorneys
are well experienced and well behaved and provide you the best possible solutions for your bankruptcy issues.
Skills in analysis, negotiation, and math are all great assets in this field of bankruptcy law. A background in finance of our bankruptcy lawyers provides them a solid foundation for this type of law practice. Bankruptcy laws are apt to change so bankruptcy lawyers at Local Attorneys 360 are up-to-date with industry news.
Why Do You Prefer Local Attorneys 360 For Bankruptcy Law Services in Los Angeles?
At Local Attorneys 360 in Los Angeles bankruptcy lawyer’s primary focus is to assist our clients through court
proceedings to reduce or eliminate debt or to proceed forward with bankruptcy. At Local Attorneys 360
, bankruptcy lawyer’s clients can be both individuals and corporations. We represent individual or corporate debtors, individual or corporate creditors, creditors' committees, and bankruptcy trustees. The difficulty of your bankruptcy depends on:
- The facts of your case
- Whether you file for Chapter 7 or Chapter 13 bankruptcy
- Whether the bankruptcy trustee will sell any of your property (an asset or “no asset” bankruptcy case)
- If you own a small business, and
- The involvement of bankruptcy litigation
Our bankruptcy attorneys are expert and experienced in their field. By relying on Local Attorneys 360, you will get peace of mind and relief from your bankruptcy worries. To avail our services of bankruptcy lawyers in Los Angeles, contact us today at Local Attorneys 360, so that we may take you out of your crucial time.
How much does it cost to file bankruptcy with a lawyer?
On average, filing insolvency expenses between $1,500 as well as $4,000 in court filing fees and also lawyer costs. Discover more regarding the price to submit insolvency and also just how to pay for it.
Do I need an attorney for bankruptcy?
People can submit personal bankruptcy without an attorney, which is called filing pro se. Nevertheless, seeking the advice of a qualified attorney is highly suggested since personal bankruptcy has long-lasting financial as well as lawful outcomes. Advise you on whether to submit an insolvency request.
How long does it take for a lawyer to file bankruptcy?
A common no possession phase 7 personal bankruptcy lasts concerning 4 months from the time of the application to the moment the situation is closed. The 341 conference of creditors is about 5 weeks after the application. Then there is a 60 day period in which financial institutions can challenge the discharge or discharge-ability of a debt.
How much debt do you have to have to file bankruptcy?
While there is no minimum debt amount called for to apply for insolvency, you can not have more than $1,257,850 in secured financial obligation or $419,275 in unsafe debt if you wish to file for Chapter 13 insolvency (these amounts, which are changed regularly to make up inflation, are valid as of April 2019).
Can you file bankruptcy without assets?
Yes, under insolvency law, you can still liquidate in Phase 7, even if you do not have any kind of or significant assets or property. Generally, a lot of Phase 7 instances include individual borrowers who have no possessions to satisfy any part of their lenders' claims. These are called "no-asset" instances.