Keep What You’ve Earned,
Even in Tough Times
- More than 2,000 bankruptcy filings
- Stop Collection Calls
- Stop Wage Garnishment
- IRS tax resolution
- Expert knowledge of trustees and courts
- Stop Foreclosure
- Stop Vehicle Repossession
- Free initial consultation
Papian & Adamian
Will Aggressively Fight for You
Californians are famous for their hard work, creativity, and innovation, but each year millions in our state face devastating financial situations that often lead to overwhelming debt. The COVID-19 pandemic has only magnified these problems. In certain circumstances, bankruptcy may, or may not, be the most sensible choice for you. As experienced bankruptcy attorneys, with more than 2,000 filings, Papian & Adamian can guide you through these times of crisis. With so much conflicting information about bankruptcy and the types available to you, the bankruptcy system can be overwhelming.
Our Los Angeles bankruptcy attorneys offer free case evaluation and will meet with you to explain your options, as well as the process, with compassion, understanding, and a vast reservoir of specialized knowledge.
EXPERTISE
More than 15 years in practice, with over 2,000 bankruptcy filings in a variety of courts.
PASSION
Hands-on court skills, including vast experience with bankruptcy judges and trustees.
DETERMINATION
Highly successful track record, based on aggressive representation for clients of all kinds.
Bankruptcy is an important step that requires professional analysis from someone who knows the court system and how the trustees work. Unlike desk-bound lawyers, our attorneys advocate in court, day in and day out, giving them that unique understanding of the judges and trustees. This enables us, during your free consultation, to clearly explain your legal rights and options and advise you on whether bankruptcy is right for you. Additionally, we offer non-bankruptcy options such as debt settlement and/or debt resolution (including IRS debt resolution), to help you determine your most advantageous path, moving forward.
Don’t let bankruptcy intimidate you; partner with the experts at Papian & Adamian. Our goal is to help you stay in your home, keep your car and make positive moves to regain control of your life.
Our firm services Los Angeles County, Orange County and Ventura County. Call us today for a free consultation.
Bankruptcy Options
Our legal team at Papian & Adamian is here to help you decide whether bankruptcy is the best course for you. And we will advise you as to which form – Chapter 7 or Chapter 13 – is a more natural fit for your unique situation. Now, to give you a better understanding, here is a brief description of these two common bankruptcy types.
Chapter 7 Bankruptcy
This popular form of debt relief for many California residents allows you to start fresh and essentially eliminate all of your debt within a very short period of time. In order to qualify for Chapter 7 bankruptcy, you must meet the “income means test,” which determines your ability to pay back some of your debts. This form of bankruptcy is reserved for filers who truly lack sufficient income to pay off their debt.
Chapter 13 Bankruptcy
Those not qualifying for Chapter 7 bankruptcy, or who wish to protect homes or vehicles from foreclosure or repossession, may find Chapter 13 to be the best option. Under this plan, filers can establish a monthly payment plan to address their debt obligations while still maintaining possession of their homes. Chapter 13 is similar to debt consolidation, in that one monthly payment is distributed among all creditors. It is also a good option if you have income tax obligations.
Don’t Battle the Courts Alone
Remember this. The bankruptcy process is much more involved than simply entering a courtroom and telling the judge that you cannot repay your debts. It requires extensive petitions and financial schedules detailing your income, assets, and liabilities. Failing to properly complete or submit these documents could lead to rejection of your bankruptcy plea or, even worse, expose your personal items and property to liquidation by the trustee and collection by creditors.
As seasoned, highly qualified bankruptcy and debt-relief attorneys, Papian & Adamian is here to guide and partner with you. Most of all, we are your fierce advocates, defending and supporting you every step of the way.
See Papian & Adamian at Work
We invite you to review several brief case studies that describe how we’ve helped others like you to resolve their debt obligations.
Case Study #1
Our clients had high incomes and sizable equity in their residence. Credit card debt and tax debt had gotten out of control, however. The client was using most of her income to make the minimum payments on her credit cards and her tax debt. We were able to file a Chapter 13 bankruptcy case for her, which allowed her to pay what she could afford each month, based on her excess income. We reorganized her debt, put her on a 5-year plan, scheduled for her non-dischargeable taxes to be paid before her credit cards, stopped interest and penalties on the credit cards, and even wiped off some of her debt. All of this was accomplished, while also ensuring that the couple’s property remained safe from foreclosure.
Case Study #2
The client lost his job, making it no longer possible to pay his credit cards. Calls and harassment were non-stop and, at times, unbearable. We filed a Chapter 7 bankruptcy for him, which gave him protection from creditors and collections. All calls and harassment stopped immediately and we secured a judgment allowing our client to successfully receive a discharge of all his credit card debts. As a result, he was able to get a second chance for his financial future.
Case Study #3
A married couple, past retirement age, was unable to retire because they could not afford to pay their credit cards from solely their retirement income. At the time, they were making minimum payments, but that approach would have taken them over 12 years to pay off their debt. Clearly, this would have cast a continuing cloud over their retirement. By filing a Chapter 7 bankruptcy for them, we were able to successfully remove all of their dischargeable debts. They were able to immediately retire without worrying about making any more payments to creditors.
*Please note that the above results were specific to the facts of each case. Every case that we handle is unique and must be evaluated as such. Prior results from similar cases do not guarantee a similar outcome.
Contact Papian & Adamian Today to Schedule Your Free Bankruptcy Consultation
If you are considering bankruptcy as an option to tackle your debt, contact the Los Angeles Bankruptcy Attorneys of Papian & Adamian today by calling (818)649-1411 to schedule your free consultation.
We File Bankruptcy Cases in the Following Court Houses:
- United States Bankruptcy Court for the Central District of California, Los Angeles Division (Los Angeles County)
- United States Bankruptcy Court for the Central District of California, San Fernando Valley Division (San Fernando Valley, Los Angeles County)
- United States Bankruptcy Court for the Central District of California, Northern Division (Santa Barbara/Ventura County)
- United States Bankruptcy Court for the Central District of California, Santa Ana Division (Orange County)