BANKRUPTCY ATTORNEY
Live a Debt Free Life
Bankruptcy Attorney in Encino, California
Do you feel like you are struggling to control your debt? We have answers. If you have questions about filing bankruptcy under Chapter 11, Chapter 13, or Chapter 7, Ananian Law Group can help you.
Dealing with the legalities of bankruptcy can be a daunting challenge, especially for ill-informed consumers. Whether you are a homeowner who is underwater on a second mortgage or you are overloaded with credit card debt, bankruptcy may afford you a way to end those endless calls from creditors, retake control of your finances, and make a fresh start.
At Ananian Law Group, our Encino bankruptcy experts are well-versed in the different types of bankruptcy protections available for homeowners and their businesses to provide relief and get you on your way to a fresh start. To learn more, contact Ananian Law Group today at (747) 227-4820 and schedule a free consultation to discuss your case.
Which Type Of Bankruptcy Is Right For You?
If you think that Chapter 11, Chapter 13, or Chapter 7 bankruptcy might help your financial situation, the first step is to speak with an attorney. Call Ananian Law Group to schedule a consultation with an attorney. We can then review your financial situation and help you make important legal decisions about your financial future. Ananian Law Group will help you through the entire bankruptcy process and is always available to answer any questions you have about Chapter 11, 13, or Chapter 7 bankruptcy.
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"Chapter 13 Bankruptcy" is a repayment or reorganization of debts. It is also called a wage earner's plan because it requires individuals to have an income source to afford and maintain the repayment obligations. Under Chapter 13, an individual can keep their home, car, and personal property.
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"Chapter 7 Bankruptcy" is what’s known as the “liquidation” bankruptcy. It is a process where you as the debtor will surrender to the Bankruptcy Trustee your non-exempt assets. The Bankruptcy Trustee will then sell (liquidate) these assets and use the sales proceeds to pay the debts you owe to your unsecured creditors, such as credit card debt, medical treatment debt and an installment contract debt like a gym membership. At the end of the process, any unsecured debt that was not satisfied by the sale of your assets will be discharged, or wiped out, i.e. you will get a financial “fresh start”, and not be obligated to pay any more money towards these discharged debts.
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"Chapter 11 Bankruptcy" is a plan specifically for businesses and high net worth individuals, in which the business is reorganized, and usually the business owner remains in control of the company, which continues operations.
Either type of bankruptcy will give you the chance to start over. When your debts are discharged, creditors can no longer pursue the debt from you. No more collection calls, no more threats of property seizure or wage garnishment. You can rebuild your financial health from scratch.
Do You Have A Bankruptcy Case? We Can Help!
If you are considering filing for bankruptcy, contact Ananian Law Group today to discuss your bankruptcy options and find out how you can protect your home and assets. We have a reputation for skilled representation, and our team is equipped to help you find effective solutions to your debt. Contact us online or call (747) 227-4820 to set up a FREE initial debt consultation with an attorney today.