Bankruptcy Attorney in Los Angeles
Does it feel like everything is crashing down on you? Bankruptcy could be a solution.
- Are you only able to afford minimum payments on your credit cards?
- Are bill collectors harassing you?
- Does the thought of sorting out your finances scare you?
- Are you using credit cards to pay for necessities?
- Are you unsure how much you actually owe?
If you are facing serious financial problems, bankruptcy could be an option to seriously consider.
You can stop the constant collection calls. You maybe able to completely erase some of that debt. You can start to create a financial clean slate.
Bankruptcy Attorney in Los Angeles along with a solid financial plan afterwards will ensure that you don’t end up in the same situation again in the future.
To help file, you need a great bankruptcy attorney in Los Angeles. The Grande Law Firm can help you.
Debt is a personal struggle that is different for everyone.
The path out is not always clear nor easy.
There are a few alternatives when it comes to recovering from debt:
Chapter 7 is the most common type of bankruptcy. It is also referred to as “straight bankruptcy” or liquidation bankruptcy. Chapter 7 relieves debt by gathering your resources and assets and selling them, leaving you enough to stay afloat and begin moving forward. In order to qualify for Chapter 7 you have to pass a Means Test. The Means test compares your income level to your level of debt. The test factors in Salary, Unemployment Compensations, Annuity payments and more.
Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor’s business affairs, debts and assets. Named after the U.S. bankruptcy code 11, Chapter 11 is generally filed by corporations that require time to restructure their debts, and it gives the debtor a fresh start, subject to the debtor’s fulfillment of his obligations under the plan of reorganization.
Chapter 13 is an option for those who cannot pass their Means Test due to their income levels. It allows you, together with your lawyer, to set up a payment plan to gradually pay off debt. This allows you to get caught up on missed payments, pay off student loans, and keep property that would not be exempt in Chapter 7 Bankruptcy.
The Grande Law Firm
Los Angeles – San Francisco
Los Angeles – San Francisco
In the event you’re like most Americans, the considered filing for bankruptcy may be tiring and also a tough thing to assume.
Bankruptcy laws were passed with the particular intention of helping Americans and individual families resolve their money difficulties and recover control of their future.
Bankruptcy Attorney in Los Angeles will supply you with the chance to work out your debts at a legal method.
Looking for a great Bankruptcy Attorney in Los Angeles?
The Grande Law Firm has an expert legal team that will guide you out of troubled waters and help you get fresh start!
What is the Means Test?
The means evaluation uses IRS empowered expenses to learn whether you have enough ways to repay your debts.
Even the IRS measures average prices for visitors to some county by county basis, too if contemplating exactly how much somebody is able to refund taxes monthly, then offset the allowed expenses by the own earnings.
It’s not crucial if your expenses are very high, overly terrible, cut your expenses.
Even the means test now does precisely the specific same, takes your normal earnings, whereas the IRS awarded expenses, needless to say, when a lot of is staying discovers your Chapter 7 filing is likely to soon be described as a misuse of this insolvency program.
But when one income exceeds the expression, the debtor isn’t susceptible to this manner investigation, i.e. the debtor’s debts is composed of debts, or dischargeable taxation, so the US Trustee may use a department 706 to try to convert or dismiss the event.
The Grande Law Firm is awesome! I highly recommend Cynthia Grande and her team. They go above and beyond.
The staff at Grande Law Firm are a true class act. I wouldn’t look any further for a law firm and that’s saying a lot coming from me. Oh, and they give top notch customer service which is very important to me.
The Grade Law Firm truly cares about their clients and they are dedicated to helping them find the best solutions for their legal issues. Couldn’t recommend them more!
I love Cynthia! She makes me feel at ease and that I don’t have to worry.
The Grande Law Firm is uniquely positioned to support clients facing bankruptcy or immigration. You can trust they always have your best interests in the forefront, and their expertise is like no other. So, not only do you have someone on your side, they really care about you along the way!
This is the time when you need someone who cares… The Grande Law Firm should be the first place you turn to when you need an outstanding bankruptcy lawyer.
The Grande Law Firm really cares about their clients.
The staff at The Grande Law Firm are a true class act. I wouldn’t look any further for a law firm and that’s saying a lot coming from me. Oh, and they give top notch customer service which is very important to me.
Cynthia Grande brings true professional skills coupled with compassion and desire to help her clients. You want an attorney like her on your side!