Debt Relief Lawyers Ventura County and Los Angeles County
Are you in debt? Do you want to stop creditor harassment? If so, you need the assistance of an experienced and knowledgeable bankruptcy attorney. Bankruptcy can occur for a variety of reasons. Many times people must file bankruptcy for reasons beyond their control. Employment problems, unpaid medical bills, divorce, and overwhelming credit card debt are just a few of the common reasons.
When you visit the Ercolani Law Group, a bankruptcy attorney will discuss whether or not bankruptcy is right for you. The attorney will provide advice on which type of bankruptcy offers the best protection of your assets while discharging all of your eligible debts. The lawyer will also discuss the implications of both Chapter 13 and Chapter 7 Bankruptcy.
How Chapter 13 Bankruptcy Works
Under Chapter 13 bankruptcy, also called a “wage earner’s” bankruptcy, you present a debt repayment plan to the court that is supervised by a Chapter 13 trustee. This plan consolidates all of your debts into one reasonable monthly payment. After making your monthly payment consistently for a period of three to five years, all of your remaining eligible debts can be discharged.
Filing for Chapter 13 bankruptcy affects more than just credit card debt. At the Ercolani Law Group, we can assist you with all aspects of bankruptcy:
- Chapter 13 and taxes: Through a Chapter 13 filing, our lawyers may be able to freeze penalties and interest, renegotiate taxes, or get taxes discharged.
- Chapter 13 and child support: If you or your ex-spouse is filing for bankruptcy, it is important to understand how it will affect child support. We will make sure your child support payments are in line with your financial situation.
- Chapter 13 and foreclosure: Filing for Chapter 13 bankruptcy stops home foreclosure and gives you time to reorganize your debt so that you can continue paying the mortgage.
How Filing for Bankruptcy May Help Your Credit Score
Some of our clients are hesitant to file bankruptcy because they feel that doing so will forever ruin their credit. This is a myth credit companies would like you to believe. The fact is, filing for bankruptcy may be the only way for certain individuals, especially those who have stopped paying their creditors, to eventually rebuild their credit and get a fresh start.
Call Today to Stop Foreclosure, Repossession and More
If you are in danger of losing your house to foreclosure or your car to repossession, Chapter 13 bankruptcy gives you a chance to catch up on back payments. In addition, the moment you file a Chapter 13 bankruptcy, the “automatic stay” — a court order that immediately prevents your creditors from taking any further actions towards collection, generally protects you.
In every case, you should speak with an experienced lawyer to help you determine the best way to proceed. You can discuss your rights and options during a free initial consultation with a lawyer at the Ercolani Law Group. Just call 805-338-6880 or contact our offices online.