Are you applying for Bankruptcy? Our Law Office in Irvine can help you

When the calls from debt collectors get too much, and you know that you need help in overcoming your financial problems, then you need the assistance of a Bankruptcy Law Office in Irvine who can guide you through the process, and make sure that you avoid falling even further into financial misery. By applying for bankruptcy with a lawyer, you protect yourself from the problems of debt, while still making sure that you avoid some of the worst credit risks for this issue.

Bankruptcy and Insolvency

What type of financial plan do you intend to try to deal with? There are, in fact, lots of different types of bankruptcy, including insolvency and chapter 13 bankruptcy. These processes have been reformed recently, and this means that it is more difficult to get insolvency right at the first attempt. In fact, insolvency often results in poorer outcomes than bankruptcy itself, despite the idea among the general public that the former is a much better deal than declaring yourself bankrupt. In fact, you may have less access to credit, and your credit scores will be lower than those who choose to take bankruptcy instead.

The benefits of using a Bankruptcy law office  in Irvine

Avoiding the help of lawyers is common for many people applying for bankruptcy, including Chapter 7 and Chapter 13 plans. This is because they are in the worst financial position in their lives, often facing more than just debt, but also losing a house or employment, and putting other elements of their lives at risk. They are reluctant to employ a lawyer, because they believe that they are too expensive. However, evidence shows that “People who hire lawyers” to help them with bankruptcy are more likely to have their debts “Wiped away almost without fail“, while those trying to do it themselves struggle and often suffer worse deals.  This means that paying money for a lawyer could benefit you, while other options may cause you to be in a more difficult situation at the end.

Working with your lawyer

If you attempt to file bankruptcy on your own, you may not realize that there are several options available to you when you file for bankruptcy. Most lawyers are able to negotiate either Chapter 7 or Chapter 13 plans, which will allow you to recover some of your financial standing. The lawyer can help you to consider which of these plans is best for you, and how you can recover your debt problems through negotiation and legal planning.  Talking to your lawyer will help you to understand which plan is best for you, and give them the information that they need to file paperwork with the courts.

Chapter 13 or Chapter 7

Part of the question of whether to file Chapter 7 or Chapter 13 relates to whether you have had debt problem plans before. If you have, and have had a Chapter 13 plan, then you must wait six years from the time of discharge before you can attempt to file for Chapter 7. If you did not discharge the debt, then you may file for chapter 7 at any time. This is just one example of the type of legal restrictions that you will have to negotiate, and demonstrates exactly why you need a lawyer to help you work out how to apply for your bankruptcy. As a further complication, Chapter 7 bankruptcies are now means tested, and this means that you might not be eligible to apply for this type of debt plan. Having a clear idea of what you want from your bankruptcy, including more time to pay or a discharge of debts, is essential to making sure that you choose the right kind of debt recovery plan. Working out all of these different elements can be very hard for the layperson, and so you will benefit from the advice of a legal team.

Negotiating with the other side

Once you have started the bankruptcy proceedings, it will be necessary to negotiate terms with the other side, your debt collectors. Since you are the one proposing the financial change, you must be prepared to discuss your situation with the debt collectors, and with the courts. To make sure that the process is negotiated effectively, you will have to have the help of a lawyer who understands legal terms, and can assist you with every step of the process.

Find a legal team today
When you need help with bankruptcy, call the Karine Karadjian legal team. We can help you with all bankruptcy plans, finding the right one for you and making sure that you can satisfy the demands of your debtors. Simply reach out to our team today by contacting us online, or by calling 949-565-4707 now.

First-Hand Information from a Chapter 13 Bankruptcy Lawyer Los Angeles

What is Chapter 13 Bankruptcy?

Filing for bankruptcy is never an easy process and having a myriad of questions about the ordeal is more than normal. It is one of the more stressful experiences that you can go through, especially when you have to decide between Chapter 7 and Chapter 13 bankruptcy. These are some hard questions that you need to ask and doing so without the proper council could lead to some more headaches. There, are, however, a few things that you should know about Chapter 13 bankruptcy and common questions that we will get into here with the help from the best Chapter 13 Bankruptcy Lawyer Los Angeles.

What does Chapter 13 bankruptcy entail?

If you are in a position to file for Chapter 13 bankruptcy, you should do your best to investigate the option. This filing method allows you to keep your assets while you discharge your unsecured debt.

In short, this means that you can keep your belongings while paying off your debt. These agreements usually stretch between a three or five-year payment plan. In the case where you are able to pay off your debt on time, the rest of your debt can be removed.

At this stage, it is also worth mentioning that student loans, alimony, and child support do not count as dischargeable debts.

Chapter 13 bankruptcy is probably your best choice if you have a regular income. In these cases, you will be able to avoid foreclosure, make up payments and avoid accruing interest.

What’s the catch?

Although there are a number of benefits to filing for Chapter 13 bankruptcy. There are also a couple of disadvantages. Chief among these being that you have a three to five-year payment plan.

At the time, it might seem bad, but you also won’t be able to hold any credit cards, although it can also be a blessing in disguise. The other problem is that you will have great difficulty obtaining a mortgage, seeing that the banks see you as a high-risk candidate. This is mainly due to the fact that your credit score will be next to nothing.

How will I know if I qualify?

When you file for bankruptcy, it is your last resort. This means that you have too much debt and you are sinking. However, to file for Chapter 13, you may have no more than $394 725 worth of unsecured debt which includes personal loans and credit card debt.

Furthermore, you may not have more than $1 184 200 worth of secured debt like a home loan. These figures can fluctuate according to the consumer price index.

Professional help

You don’t have to go through the process alone, you can get professional help from us here at Karine Karadjian. We have the best Chapter 13 Bankruptcy Lawyer Los Angeles that will guide you every step of the way. All you need to do is to give us a call on any of these numbers (323) 426 8300/(949)565-4707 or (818)574-1202 for a free consultation and we will help you make the difficult decisions.

Contact the Team of Bankruptcy Law Attorney Van Nuys

When we have to deal with some legal problems, then we need the lawyers who can assist us in an appropriate way. Thus, the people who have enough knowledge about laws and can represent you in the court are lawyers. The lawyer is an expert professional who has knowledge about the legal conditions; therefore the bankruptcy lawyer is a person who is well known about the bankruptcy laws. The lawyer plays a very important role in the life of a person who is facing the problem of financial issues, they offer a new start in the journey of life that stopped just because of the financial problem. The lawyers work closely with you and stand with you in every step. That means, when you contact and hire the lawyer for your case, then the lawyer will be available for you every time until the case is not closed.

The bankruptcy lawyers and their team works too hard for their client as well as they are fully dedicated to their work, so their client can receive the positive outcome that will be beneficial for them to live the upcoming life. With their advice, the clients are able to start their new life without having any tension regarded with the financial problem or bankruptcy problem. For the bankruptcy related cases, you can contact the bankruptcy law attorney Van Nuys, the attorneys will help you and protect you from the harassment of the creditors. The entire help is provided to the people, if they have any problem regarding these issues then they can contact the attorney for receiving the excellent as well as appropriate advice. The first consultation by the lawyers is completely free as well as the lawyers are experienced and trained, they will recommend bankruptcy to you, only if it is required. The lawyers treat the clients with full respect and kindnesses as well as they offer their service at very low fees. Lawyers who deal with bankruptcy issues are the certified bankruptcy specialist and they provide the best service by their skills, creativity, and experience.

You can also look for chapter 13 lawyer Los Angeles, the lawyer assists a person by offering the best and legal advice, firstly the layer listen to the complete case and situation and if the problem can be solved by the non-bankruptcy method then they tell their client otherwise they find out the appropriate bankruptcy procedure, which will be best and right for their client. When they select the procedure, then they get completely involved in that case and ensure the client that the procedure will be very smooth as well as beneficial for them. The lawyer understands all the condition of the client, then only they will give their advice. Their advice is beneficial for their client because of it they can come out from their financial issues. Contact the experienced lawyer to hand over your case for the positive result in your case.

Chapter 13 Bankruptcy Lawyer Van Nuys for Bankruptcy Cases

When a person is stuck in some condition and looking for the legal solution, then he or she look for a lawyer who can help the people in a legal way and it will be helpful for the people to come out from the problems. Each person faces a financial issue in his life due to which he or she has to face lots of problems like the money trouble, terrible burden, harassment, and many others. Because of the money problem, a person serves the financial tension that can be worst as well as a terrible burden. Whatever the problem you have, such as if you want to stop a wage garnishment, a foreclosure sale or creditor harassment, then you will get the right solution from the bankruptcy lawyer, the lawyer and its staff members are available all days, so you can schedule your appointment as per your time and it will be the first and best way to share your problems with the lawyer to get the right and legal solution for it.

If you are facing any kind of problem because of the money trouble or if you are facing the problem of wage garnishment, reclamation, or suffering from the uncomforting and scary effects of regular creditor harassment, then to face all these problems, you may need a legal advisor who assists you by giving a legal and appropriate advice. For the legal advice, you can contact the bankruptcy attorney or you can visit the bankruptcy attorney office Los Angeles, where one will be able to contact the attorney for the bankruptcy related issues. The attorney provides the legal services and helps, they possess an excellent record in offering legal advice to their clients associated with the case of financial issues. They have experience, so their advice is best and that will assist the people to get their life on the path and live the tension free life. The bankruptcy attorney assists the people in various issues like to stop the lawsuits, stop the collection calls, stop recovery, stop foreclosure, assist to get the peace of mind, and many more. There are many lawyers who have successfully represented the number of clients in the court over the years as well as they handle every case very sincerely. There are lawyers who are specialized in handling bankruptcy cases.

There are different methods and ways to resolve the case, the attorney will hear your case and according to the complexity of the case, they will suggest you the solution. You can check for the chapter 13 bankruptcy lawyer Van Nuys, the lawyers will have the knowledge about chapter 13 in a broad way. There are many law firms that possess the team of an expert attorney who offer the legal services that assist people with personalized recommendations and dealing with the creditors. The lawyers are dedicated professionals who can help clients in a better way to resolve the case without affecting the client’s life.