Los Angeles Bankruptcy Attorney

Benefits of Bankruptcy

There are numerous benefits that may be associated with filing for bankruptcy in California. A Los Angeles debtor may be able to eliminate all unsecured debt and get a fresh financial start, finally experiencing relief from the extensive amount of stress associated with overwhelming debt. If you would like the greatest opportunity of taking advantage of the benefits of bankruptcy, it is important to involve an attorney. A legal professional will understand how to properly file your petition, how to assist you in presenting your financial information to the court and also how to protect your legal rights through this complicated process. A Los Angeles bankruptcy attorney can also assist you in achieving peace of mind in an otherwise tumultuous situation.

At the Law Offices of J. Arthur Roberts, we welcome you to contact us at your earliest convenience to learn more about how a lawyer at our firm can help you experience all of the advantages that bankruptcy may have to offer you.

The Advantages of Filing for Bankruptcy in Los Angeles

Although the situation will vary depending on your unique financial circumstances, following are some of the advantages you may experience by filing for bankruptcy:

Stop all debt collection efforts against you – once you file your bankruptcy petition, all debt collection activity against you must cease, including any lawsuits by creditors, wage garnishment, repossession, levies and more. Finally, you will experience relief from the stress associated with overwhelming debt.

Stop foreclosure – filing for bankruptcy places an automatic stay on foreclosure proceedings, allowing you time to figure out how to complete a short sale, loan modification or deed in lieu. If you file under Chapter 13, you may be able to include past due payments in your repayment plan.

Discharge all eligible debt – once your bankruptcy case is complete, all eligible debt will be discharged, meaning you will have no further obligation to pay it. This may include credit card bills, medical bills, utility bills, personal loans, and more.

Contact a Los Angeles Bankruptcy Lawyer at our law offices today!