To Use Bankruptcy Attorney Office in Los Angeles or Debt Settlement

It is okay to borrow some money. However, if you struggle to pay your debts, you might wonder whether you should visit a bankruptcy attorney office in Los Angeles or call a debt settlement company.

Both can help in negotiating with your creditors. Each has its own ways to help you deal with your burgeoning debt. However, it is always ideal to avoid hiring a debt settlement company.

Why Opt for a Reputable Bankruptcy Attorney?

Going to a bankruptcy attorney office in Los Angeles is more ideal than visiting a debt settlement company. One of the reasons is that a skilled lawyer can give you useful legal advice on how to deal with your debt.

The lawyer can also represent you if the creditor files a lawsuit against you. A debt settlement company cannot.

Analyzing All Options

When hiring a lawyer, make sure that he is a reputable one with years of experience in this field. He will help you uncover all options available to help you settle your debts.

At Karine Karadjian law office, we do not recommend filing for bankruptcy immediately. It is true that bankruptcy is our niche. However, we analyze our clients’ situation first before advising such.

Our lawyers can defend if in case your creditor will sue you for unpaid debts. If the creditors violate any law to help them collect the money you owed, then our attorneys can give you pieces of advice.

Why Not Debt Settlement Company?

This company may claim that it can negotiate with your credit in settling your debt. It will also tell you to make payments to them while they negotiate with your creditors.

Your creditor may agree to accept less payment than the amount you owe as your full payment. The collectors cannot continue to harass you into collecting the money.

However, debt settlement will only ruin your credit. Furthermore, it takes two to four years to reach a settlement. It can be costly in the long run.

Plus, you will pay fees that will also increase your total debt.

Unfortunately, a debt settlement company will not mention it to you that the total money you owe will increase because of the interest charges and additional fees.

The truth is that your creditors are likely to file a suit against you if they know that you are working with such a company. Remember that these companies are operating as a for-profit organization.

Thus, it is ideal to hire a lawyer in this situation to help you deal with your debts. However, be aware of some lawyers.

There are debt settlement companies that hire lawyers that are fronts to make their organization legitimate. But these attorneys will have nothing to do with settling your debt.

Hire the Best

At Karine Karadjian bankruptcy attorney office in Los Angeles, we can help you negotiate with your creditors. We first analyze your situation before recommending the next course of action, whether or not to file a bankruptcy. Consult our lawyers today by calling us at (949) 565-4707 or (818) 960-6460.

Check the Details of Chapter 13 Lawyer Orange County

There are many people who are struggling with debts, people have to pay a lot of bills and these dues become hectic for people. Some people are able to manage their dues while some people are unable to pay dues, and they will struggle a lot to pay their bills. There are many people who don't want to file for bankruptcy due to the changes in the law of bankruptcy. When you plan to file for bankruptcy, then you must know about the terms of laws, and for that, you can take the help of the internet or the bankruptcy lawyer. The professional who will provide a debt relief service is the debt settlement lawyer. They are the professionals who know how to deal with debt issues and how to settle these issues in an efficient way.

If you are also one of them, who are facing the debt related issues then you must need the debt relief service by the experienced professionals. Debt relief services have the best professionals who will assist the clients in the legal manner. There are many law firms who also provide the quality service of handling chapter 13 bankruptcy cases. You can contact the chapter 13 lawyer Orange County, they are experienced in dealing with such kind of cases and provide the relevant solution as per your case. Many people don’t know what is chapter 13? It is a repayment plan, where a person can pay a complete amount of debt or some portion of the debt to creditors. The range of a plan is from 36 months to 60 months, mainly it depends on the gross yearly income of a person. If you really want to get free from the debt, then you must have to contact a bankruptcy lawyer and schedule a consultation. On your first consultation, they will guide you in an appropriate way and ensure you that you will be free from the debt in a legal way and the creditors will also not disturb you in any way during the process.

If you are struggling with the debt issue and looking for the relevant solution, then you can search for the chapter 13 bankruptcy lawyer Orange County, the lawyer will help you to get the right solution. If you have a burden of debt then it is a possibility that you will lead to negativity and depression, which will impact your health. A person who has stress about debt, need more health care. So, if you are facing the debt issue and affecting your health, then you must have to take help from the expert and experienced lawyer. The lawyers are experienced and knowledgeable about chapter 13, so they are the correct person who will assist you in chapter 13 cases. You can look for the details of the top lawyers in your city in the internet, you will get the details of the top lawyers who can help you in the right way.

For the Best Solution Do Contact Bankruptcy Law Attorney Los Angeles

At the present time, the most important thing to survive in this world is money and there are many people who are struggling with debt problems. There are many people who want to pay the bills, but they are unable to pay that and those dues become hectic for them. If a person faces all these problems then they need a legal advisor who assists them by giving them legal and appropriate advice. There are attorneys and lawyers who provide the legal assistant to the people who are dealing with the issue of debt. As there are different attorneys available, so whom to contact? Thus, in this case, you can contact the bankruptcy lawyer or bankruptcy attorney.

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. The entire help are provided to the people, if they have any problem regarding these issues then they can contact the bankruptcy law lawyer Los Angeles for receiving the excellent as well as appropriate advice.  Therefore, the bankruptcy law lawyer offers the best legal advice to their clients, you can contact the top lawyer of your city and they are best because they are able to handle various sorts of cases, they qualify the chapter 7, chapter 11, chapter 12, and chapter 13. Chapter 7 bankruptcies is for the straight bankruptcy, chapter 11 bankruptcy is for the business, chapter 12 bankruptcy is for the family farms, and chapter 13 is for the reorganization of debt. The lawyer assists their clients in all possible ways, so when you contact the lawyer then you must have to share all the details with the lawyer. So, on the basis of the details provided by you, the attorneys will provide you the right solution.

When you contact the lawyer and tell all your case details, then they will 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 bankruptcy law attorney Los Angeles understands all the condition of the client, then only they will give their advice. Their advices are beneficial for their client because of it they can come out from their financial issues. The law of bankruptcy is complex, and filing bankruptcy without an attorney is simply not feasible. There are many types of lawyers, so it will be good to choose the bankruptcy law lawyer who is knowledgeable and experienced in handling such kind of cases. There are many lawyers who are working in the same field and helping the people in dealing with due debts in a legal way. You can fetch the details about the lawyer from the web, and contact them for the first consultation. You can share every detail with him in order to get the best solution from him, they will help you in all possible way.

Chapter 13 Bankruptcy Attorney on Paying Off Plan Early

Consulting a chapter 13 bankruptcy attorney will help you understand whether or not you can easily pay off your bankruptcy plan earlier than what is expected.

It is understandable if you wish to pay off the repayment plan earlier than the agreed date. This is especially true if your financial health looks optimistic. However, our chapter 13 bankruptcy attorney might recommend not to pay it off earlier.

Keep in mind that your creditors are entitled to receive your income for the duration of your repayment period. In that case, your monthly payment might increase.

The court might not allow in wiping your debt balance if you are unable to pay your disposable income for the whole commitment period. It is like signing a contract. If you wish to get out of it, you need to perform certain things.

Keep in mind that you need to pay your creditors using all your disposable income for up to five years. After completing the period, your unsecured debt balanced would be eliminated.

Failure to accomplish those terms will result in not receiving a discharge.

Creditors Will Object

Paying off your plan earlier would need to get court approval. That’s why it is best that you contact our chapter 13 bankruptcy attorney to know more about the consequences of paying the plan earlier.

It is most likely that your creditors will oppose your proposal of an early payout. One of the reasons is that your creditors will think that you wish to avoid paying more because of an increase in your income. Keep in mind that as a chapter 13 bankruptcy filer, you will have to live frugally.

Now, your creditors will argue that any funds you have to pay off the plan will be used to boost the payment to them, rather than shortening the period. They also state that paying off your debt earlier than the term would mean that they lose all the benefits associated with your disposable income.

Now, if the court agrees with the creditors, the court will order you to increase your payments to show increased or added income.

However, you can still finish the term earlier if you have paid your creditors 100% of the claimed amounts. That is, you need to pay off everything that you owe. If you do so, you will no longer require a discharge.

It is also possible to request an early discharge because of extreme financial problem. The court might agree to end your plan earlier if your case does not seem to improve. Talk to a chapter 13 bankruptcy attorney to know more about how to file a hardship discharge.

If you have met the criteria, the court might conclude your plan early. You receive a hardship discharge and eliminate your unsecured debt.

Before you apply for a hardship discharge, make sure that you contact our Karine Karadjian law firm. Our chapter 13 bankruptcy attorney will give you the proper assistance so you can go through the entire process and avoid falling into financial misery. Contact us today for a free consultation (323) 426 8300, (949) 565-4707 or 818-574-1202.

Consult a Chapter 13 Bankruptcy Lawyer in Orange County

Consulting a chapter 13 bankruptcy lawyer Orange County for your repayment plan will give you a better insight on how you will deal with your creditors. A bankruptcy plan will include ways on how to repay your debts. You can pay in full or the partial amount.
Are You Eligible?

Chapter 13 repayment plans can run from three to five years. To determine your eligibility for this plan, you may need to undergo a means test.

For example, if your household income surpasses the median income for the geographic region, you could file a chapter 13 bankruptcy. The means test, however, will be performed by your chapter 13 bankruptcy lawyer in Orange County.

It is vital to remember, though, that not all debts can be wiped out. Some debts could not be discharged. These debts would include spousal and child support.

In most cases, student loans must be paid off. To know more about the debts that cannot be eliminated in bankruptcy, make sure to consult a chapter 13 bankruptcy lawyer.

Are There Advantages of Filing a Bankruptcy?

When you file bankruptcy, you are automatically protected from any type of collection activity. It stops repossessions, foreclosures and license suspensions, among others.

It can also halt any form of creditor harassment. However, the automatic stay may just be temporary. For that reason, it is best that you contact a bankruptcy lawyer to know how the automatic stay impacts your financial status.

Another benefit of filing a chapter 13 bankruptcy is that it protects your assets. These are the items that you own.

Excluded assets are items or properties that you can keep when you file. There are several exemptions in protecting your assets.

A chapter 13 bankruptcy lawyer in Orange County will analyze your financial situation to know the best exemptions appropriate for your case.


The Emotional Toll

Filing bankruptcy can negatively affect your self-esteem. It also impacts your financial future for many years to come.

If you think that you could not handle those consequences, your bankruptcy lawyer will give you other debt repayments that will suit your situation better with fewer negative effects.

When you do file a chapter 13 bankruptcy, it would be difficult for you to find a new house. Remember that most landlords will evaluate your credit reports.

They might not allow you to rent their property or building because of your past financial situation. To avoid this issue, however, you can ask a letter of recommendation from your previous landlord. You may also consider moving in with your family or renting from a friend.

Finding a job is also a lot harder. Most employers will evaluate your credit information. Bad credit could mean losing some job opportunities.

And if you are applying for an auto loan, your insurance premium may increase. Your premium will be high if you get a bad credit score.

To discuss your many options on how to deal with your debts, you may contact our chapter 13 bankruptcy lawyer in Orange County today. We offer a free consultation. All discussions are confidential. Now is the time to start conquering your debts. Call (949) 565-4707 or (818) 960-6460.