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Bankruptcy Lawyer

Helping You Live a Debt Free Life

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Los Angeles Bankruptcy Attorney

Represent individuals & Small Business Owners

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If you want to file for bankruptcy in Los Angeles, then please don’t hesitate to reach out to our qualified legal team at SM Law Group, APC to get the advice you need to make informed decisions that will protect your best interests.

Los Angeles Bankruptcy Lawyers

Is Bankruptcy Right for Me?

While different types of bankruptcies can provide a person with debt relief and an opportunity to get their finances back in order, determining whether or not to file for can be confusing without guidance from an experienced lawyer. We can help you decide whether bankruptcy is the right choice.

Bankruptcy

In general, bankruptcy might be good option for you if:

  • Blue Tick You are eligible to file either Chapter 7 or Chapter 13
  • Blue Tick You are having trouble paying off unsecured debt such as medical bills, credit card debt, etc.
  • Blue Tick You are facing numerous collection actions, including repossessions, wage garnishment, and lawsuits
  • Blue Tick You can benefit from certain bankruptcy exceptions which allows you to keep certain assets like your car, home, and other necessities.

If you are feeling stressed about your finances and are struggling to keep up with credit card debt, medical bills, or loans, then please talk to our lawyers today to discuss whether you are eligible for bankruptcy.

Dependable & Trustworthy
Bankruptcy Representation

We understand that you want an attorney you can rely on who’s going to be there when you need them most during your bankruptcy case. Our boutique law firm has the extensive resources and capabilities of larger firms, and we pride ourselves on the personalized attention and customized legal strategies we provide to each of our clients. We have a proven track record of successful cases and have discharged millions of dollars of debt for clients who were able to file for bankruptcy. Not only have we been able to save small businesses and homes, but we’ve also helped the clients we serve to get their finances back on track.

Bankruptcy Law

Small Business Bankruptcy Services

We understand that you want an attorney you can rely on who’s going to be there when you need them most during your bankruptcy case. Our boutique law firm has the extensive resources and capabilities of larger firms, and we pride ourselves on the personalized attention and customized legal strategies we provide to each of our clients. We have a proven track record of successful cases and have discharged millions of dollars of debt for clients who were able to file for bankruptcy. Not only have we been able to save small businesses and homes, but we’ve also helped the clients we serve to get their finances back on track.

Bankruptcy Services

Chapter 13 Bankruptcy

A Chapter 13 Bankruptcy is for those that have some money left over after paying all their necessary expenses, or who have assets of significant value. People in these situations can reorganize on their debt and pay back only what they can afford to pay over a period of three to five years. Chapter 13′s can also allow a person to strip their second and junior mortgages if the value of the home is less than the balance owed on the first mortgage.

Chapter 13 lets you set up an affordable monthly payment plan to get caught up on major debts like your mortgage, car loan, and/or taxes, while significantly reducing or even eliminating minor debts like credit cards, medical bills, or personal loans. A Chapter 13 bankruptcy will essentially cut the fat so that you only pay for the important things while keeping all your assets and income.

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Chapter 7 Bankruptcy

In a Chapter 7 bankruptcy, all your debts will be discharged. This means you will not owe anyone any money, and new creditors will be very willing to extend credit. You will also begin receiving new credit cards within a matter of months. These new credit cards are a stepping stone to a bright new future. If they are used responsibly and paid on time every month, then this will be reflected in your credit report.

With each month of on-time payments, your credit score will increase, thus giving you the opportunity to grow. As your credit score and credit history begin to look better, other creditors will also be willing to extend credit. Our clients have been approved for major credit cards within months of filing a bankruptcy, and for new car loans within one year of filing bankruptcy. They have also been approved for home loans within 2 years of filing bankruptcy!

FAQ: Common Bankruptcy Questions

Bankruptcy Cases

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