Bankruptcy can be a disheartening affair. And a Chapter 7 or Chapter 13 bankruptcy is often sought after all other options have been exhausted. Although bankruptcy filings fell 12 percent in 2011, they are often the only option and way out for people facing extreme financial hardships. Once chosen, it is beneficial to hire a bankruptcy attorney los angeles California.
There are difficult times in life when it is necessary to hire an attorney. Situations such as divorce, estate issues, or bankrupty, are just a few of these examples. In the case of the latter, a bankruptcy attorney Los Angeles California can help you file your Chapter 7 Los Angeles bankruptcy, which entails asking the courts to get rid of any debts you have accumulated. A bankruptcy attorney Los Angeles California can help you get your Chapter 7 bankruptcy case through the court system as expeditiously as possible. The typical time frame is within three to six months, but this is no guarantee.
A bankruptcy attorney Los Angeles California including bankruptcy attorney orange county ca can also help with Chapter 13 bankruptcy filings. Chapter 13 often requires a three to five year repayment plan, which an Orange County bankruptcy attorney or bankruptcy attorney Los Angeles California can help you decipher.
Keep in mind there are types of debts that can not be erased by a bankruptcy filing. These include student loans, child support or alimony, or debts you may owe due to a previous criminal action.