Chapter 7

Chapter 7 Bankruptcy Attorneys in the Greater Los Angeles Area

Providing Clients with Bankruptcy Solutions

There are many reasons why you may need to file for Chapter 7 bankruptcy. You may be struggling to keep up with your mortgage payments and other debts. You may have fallen behind on your taxes and are facing mounting penalties and interest. You may also be facing foreclosure or repossession. Whatever your circumstances, you are likely feeling overwhelmed and helpless. You can take control of your financial future by filing for Chapter 7 bankruptcy.

At Papian & Adamian, our experienced attorneys have helped many people file for Chapter 7 bankruptcy. We understand that filing for bankruptcy can be a very stressful experience. However, we strive to make the process as smooth and straightforward as possible. We are here to guide you every step of the way, and answer all your questions.

If you are considering filing for Chapter 7 bankruptcy, you should know that it is not an easy process. There are many requirements that must be met, and there are many documents that must be filed. To help you through the process, we offer free consultations. During your free consultation, we will discuss your options and help you determine whether Chapter 7 bankruptcy is the best option for you. If it is, we will discuss how we will help you through the process. If it is not, we will help you explore other options.

To learn more about filing for Chapter 7 bankruptcy, call (833) 360-8605 or contact us online.

What Is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is sometimes referred to as liquidation. It is a type of bankruptcy that involves the sale of non-essential assets to pay off debts. The debtor is then allowed to retain the remaining assets and discharge the remaining debts.

Chapter 7 Bankruptcy Eligibility

To be eligible for Chapter 7 bankruptcy, you must meet certain requirements. These requirements are meant to ensure that the debtor is not abusing the system and that they are making an honest attempt to repay their debts. 

You must pass the "means test." The means test is a calculation of your disposable income. If your disposable income is less than the median income for your household size, you will most likely be eligible for Chapter 7 bankruptcy.

Send us a message or call (833) 360-8605 to speak with our Greater Los Angeles Area Chapter 7 bankruptcy lawyers.

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