Glendale Chapter 7 Bankruptcy

Glendale Chapter 7 Bankruptcy Lawyer

Assisting Clients With Chapter 7 Bankruptcy Matters in California

Are you facing overwhelming debt and seeking a fresh financial start? At Papian & Adamian, our Glendale Chapter 7 bankruptcy attorneys are here to help you navigate the complexities of bankruptcy law. We understand that financial difficulties can be stressful and debilitating, and our dedicated team is dedicated to delivering you with compassionate and effective legal assistance.

Call Papian & Adamian today at (833) 360-8605 or contact us online to schedule a consultation with our Chapter 7 bankruptcy attorney in Glendale.

What is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy, or often referred to as "liquidation bankruptcy," is a legal process designed to help individuals and businesses eradicate most of their unsecured debts. This type of bankruptcy is normally suited for those who lack the means to repay their debts and need a fresh start. During the process, a court-appointed trustee will liquidate your non-exempt assets to pay off creditors. However, many personal assets are exempt under federal and state laws, meaning you may be able to retain essential property such as your home, car, and personal belongings.

What is the Chapter 7 Bankruptcy Eligibility?

In order to qualify for Chapter 7 bankruptcy, you will need to pass the "means test." This test evaluates your financial situation to decide if your income is low enough in order to file for Chapter 7. The means test compares your average monthly income over the past six months to the median earnings for a household of your size in your state. If your income is below the median, you automatically qualify. If it exceeds the median, further calculations are necessary to determine whether your disposable income is sufficient to repay a portion of your debts through a Chapter 13 bankruptcy instead.

In addition, you will need to complete credit counseling from an approved agency within 180 days before filing. This step ensures that you are informed about alternatives to bankruptcy and can make a well-considered decision about your financial future.


Our Legal Team Has a Well-Deserved Reputation of Excellence in Providing Smart, Sensible, and Cost-Effective Legal Solutions for Our Clients

Benefits of Chapter 7 Bankruptcy

Filing for Chapter 7 bankruptcy offers numerous benefits that can provide immediate relief and long-term financial stability:

  • Automatic Stay: As soon as you file for bankruptcy, an automatic stay goes into effect, halting all collection activities, including lawsuits, wage garnishments, and creditor harassment. This gives you immediate relief from the pressure of debt collection efforts.
  • Debt Discharge: The main benefit of Chapter 7 bankruptcy is the discharge of most unsecured debts, like credit card debt, medical bills, personal loans, and certain tax debts. This discharge releases you from personal liability for these debts, giving you a clean slate to rebuild your financial future.
  • Retention of Exempt Assets: Bankruptcy exemptions allow you to retain essential assets, like your home, vehicle, and personal belongings, up to a certain value. These exemptions vary by state, and our experienced attorneys will help you maximize your protections under the law.
  • Quick Process: Chapter 7 bankruptcy typically takes about three to six months from filing to discharge, allowing you to resolve your financial issues promptly and move forward.
  • Credit Rebuilding Opportunities: While bankruptcy will impact your credit score initially, it also allows you to start rebuilding your credit. Many individuals find they can qualify for new credit and loans within a few years after their bankruptcy discharge.

Contact Our Chapter 7 Bankruptcy Attorney in Glendale

Facing financial hardship can be very overwhelming, but you don’t have to go through it alone. At Papian & Adamian, our Glendale Chapter 7 bankruptcy lawyers are here to guide you through every step of the process. We will assess your situation, explain your options, and develop a personalized strategy to reach the best possible result for your financial future. Let us help you take the first step toward financial freedom and a brighter future.

Contact Papian & Adamian today to get started with our Glendale Chapter 7 bankruptcy lawyer.

Contact Papian & Adamian Today

Our Goal Is To Make the Process As Easy as Possible for You

Whether you have questions or you’re ready to get started, our legal team is ready to help.

  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.
  • By submitting, you agree to be contacted about your request & other information using automated technology. Message frequency varies. Msg & data rates may apply. Text STOP to cancel. Acceptable Use Policy