Filing for Bankruptcy in California
If yours is one of the thousands of Los Angeles families living paycheck-to-paycheck, you understand how quickly you can fall on your debts and dig yourself an impossible financial hole. By the time you get your hands on the cash to pay for January, February is already late. High interest charges and late payment fees just add the total and dig the hole deeper. And so it goes, month after month.
If you’re ready to break this cycle, DebtStoppers can help you wipe out your debt with a legal bankruptcy protection plan. Call or text us today at 323-916-8660, to request a free debt relief consultation with one of our qualified California attorneys.
The California Bankruptcy-Filing Process
The first step in the process is to determine which kind of consumer bankruptcy is best for your financial situation. There are two options: Chapter 7 and Chapter 13.
With Chapter 7, you can get a fresh financial start by eliminating most – if not all — of your debts. While the laws permit a trustee to sell some of your belongings to reimburse creditors, in our experience, this rarely occurs.
Your other choice, Chapter 13, enables you to restructure your debts in a 3-to-5-year repayment plan. Rather than wiping out your debts entirely, you’ll repay about 10% of what you owe and hold on to all your possessions.
Once you’ve made your choice, your attorney will file a petition at the nearest district court.
How Much Does Filing For Bankruptcy Cost?
While the average cost of our attorney fees will differ between cases, our rates are among the most affordable in California. Reasonable payment plans are always available.
On top of legal fees, the court will assess a filing fee when you submit your petition. The cost is $335 for Chapter 7 and $310 for Chapter 13. DebtStoppers is proud to be one of the few firms in the country that will advance the cost of your Chapter 7 filing fee, so you can access the relief you need before you have to spend a single penny.
Do I Need an Attorney To Help With Filing?
While California law does not require you to use a lawyer, the process can involve complex legal issues. It's also emotionally trying, especially if you’re trying to do it without support. An empathetic and experienced attorney can vastly improve your experience — and your results! Call or text DebtStoppers today at 323-916-8660, to schedule a free debt analysis with one of our skilled California lawyers.
Is Filing for Bankruptcy Multiple Times Legal?
Our clients are usually pleasantly surprised to learn that you are allowed to file for bankruptcy more than once. While there are limitations such as waiting periods in place, you will be able to file multiple times if you can meet the requirements. If you have a previous bankruptcy, an experienced California attorney can advise if you’re eligible to file again.
Our Knowledgeable California Lawyers Can Help
While filing for bankruptcy in California can be challenging, you don’t have to go it alone. Call or text DebtStoppers today at 323-916-8660, to meet with a member of our California legal team. We’ll guide and support you every step of the way.
Are you ready to get out of debt and get on with life? We can help. Call or text DebtStoppers at 323-916-8660, for more information.