Bankruptcy
Los Angeles Bankruptcy
The Law Offices of Todd B. Becker provides personalized and superior legal representation to individuals and businesses facing mounting debts and mortgage payments from their Los Angeles or Riverside bankruptcy. Through bankruptcy alternatives, our bankruptcy lawyers in Riverside, Los Angeles, and Long Beach assist clients in establishing a personalized plan that will allow them to improve their financial situation and stop creditors from calling.
Bankruptcy in Los Angeles, Long Beach, and Riverside
Filing a bankruptcy stops creditors from attempting to collect the debts you owe. Depending on which chapter under which you file, some of your debts may be discharged, or your finances might be reorganized or restructured to help you make the payments regularly.
The Law Offices of Todd B. Becker have over 20 years of experience assisting individuals and businesses with declaring bankruptcy in Riverside and Los Angeles. By providing personal attention and customized representation, we can ensure that we are meeting your particular needs. Our bankruptcy law firm in Riverside, Long Beach, and Los Angeles help you protect your assets, handle creditors, and if you are facing foreclosure, save your home.
Chapter 7 Bankruptcy in Los Angeles
A Chapter 7 in Los Angeles is appropriate for those individuals facing extreme debt who may not have the source of income to repay them. A person or business's non-exempt assets are sold and used to repay the debts. Any debts not covered by the sale are generally discharged, with some exceptions. Businesses that declare Chapter 7 bankruptcy typically cease to operate unless the court-appointed Trustee chooses to continue the business.
Chapter 11 Bankruptcy in Los Angeles or Riverside
A Chapter 11 in Los Angeles or Riverside is typically used by businesses that need help reorganizing their business structure so that they can make their payments in a timely manner. Businesses that file Chapter 11 bankruptcy typically still operate. In a Chapter 11 bankruptcy, the business must implement and adhere to a confirmed repayment plan, and the creditors must observe the plan.
Chapter 13 Bankruptcy in Los Angeles
A Chapter 13 in Los Angeles is appropriate for individuals who have a steady income but need some assistance repaying their debts. Under Chapter 13, the individual adopts a repayment plan that allows the loans to be repaid over three to five years. Chapter 13 bankruptcy ends the foreclosure process and allows debtors to keep their homes
Consequences of Bankruptcy in California
Declaring bankruptcy comes with consequences. It stays on your credit report for at least seven, and up to ten, years, and can limit your future ability to obtain a loan, mortgage, credit card, or financing.
The experienced attorneys at The Law Offices of Todd B. Becker can explain bankruptcy alternatives that might be available to you. Additionally, we can help you evaluate which, if any, alternatives would be appropriate for your situation, and we can help you keep your house, especially if your inability to pay is temporary and you still have a steady form of income.
Seek Experienced Legal Counsel
If you find yourself in a difficult financial situation, it is important to hire an experienced legal team that truly care about your case and want to assist you. The attorneys at The Law Offices of Todd B. Becker have extensive experience in bankruptcy law, loan modification and other bankruptcy alternatives.
