How Does Bankruptcy Work in Los Angeles?

Learn more about the process from my skilled and caring attorneys in Southern California

Today’s economy has forced people to reconsider their options. Whether you own a business that can no longer stay afloat or are finding it difficult to manage credit card debt or a mortgage, you may be wondering, “How does bankruptcy work in Los Angeles?” The Law Offices of Michael Jay Berger wants you to know you’re not alone. For over 32 years, I have been helping people understand the process and benefits of bankruptcy in Los Angeles, make informed decisions and begin rebuilding credit and finances.

Many of our clients have had bad experiences with so called “debt settlement” firms before they met us. These firms receive “commissions” from collection agencies based on how much they get the debtors to pay, and then provide no protection when their clients are sued. Additionally, clients are charged exorbitant fees which often times keep them from ever being able to finish paying off their actual debt. I offer a cost-effective alternative. My firm can stop garnishments, foreclosures and bank levies — relieving your stress and ultimately helping you rebuild your credit by discharging your debt.

The bankruptcy process

Although the concept of bankruptcy is well known to most people, few understand what the process actually entails. I take the time to carefully explain the different types of bankruptcies, along with anticipated timelines, so that you understand the benefits as well as the consequences. My Los Angeles attorneys will help you:

• Determine your needs. When it comes to bankruptcy, you can either seek to discharge your debts (Chapter 7) or try to reorganize them (Chapter 11 or Chapter 13).
• Determine your means. If you are seeking to discharge your debts in Chapter 7 bankruptcy, you must prove that you lack the ability to repay these debts over a three- to five-year time period.
• Determine your rights. Not all debts can be discharged. An attorney can help you figure out what you can and cannot get rid of.
• Determine your plan. If you choose to reorganize your debts in Chapter 11 or Chapter 13 bankruptcy, you need to provide your creditors with a payment plan.

After filing, you will be protected by an automatic stay. Under the automatic stay, your creditors are prohibited from calling or using any means other than the bankruptcy proceeding to collect the debt from you.

Open communication is the backbone of our practice

I, Michael Jay Berger, am a certified bankruptcy law specialist. I approach each case openly, honestly and attentively. My Los Angeles law firm for bankruptcy creates a welcoming environment free of judgment so you feel comfortable talking about your situation. I am always responsive to questions and concerns because I know that bankruptcy is not a decision to be taken lightly.

Take the first steps toward a fresh start by contacting a Los Angeles bankruptcy attorney today

When you are in dire financial straits, you need a bankruptcy attorney who knows the law, knows the system and knows you. Located in the heart of downtown Beverly Hills, I provide a wide range of services for individuals and families suffering from the weight of excessive debt. Call the Law Offices of Michael Jay Berger at 310-271-6223 or contact me online to schedule a free consultation.