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Find a Los Angeles County Bankruptcy Lawyer
Bankruptcy law is an area of law which encapsulates a vast range of legal practices. Many of the matters include, in some form, the laws that affect bankruptcy issues in Los Angeles County. This area of laws contains things such as garnishments, foreclosure defense, debt relief, and the legal issues which may accompany these types of matters.
Bankruptcy law cases are usually very difficult and emotionally challenging. An attorney is able to provide support throughout these cases. Cases that involve bankruptcy law can be complicated and often include numerous categories of law. For example, a garnishment issue may be part of a bankruptcy case.
In many cases, bankruptcy lawyers will specialize in one subcategory of bankruptcy law, such as debt relief. Although an attorney may specialize in a subcategory of bankruptcy law, they are still trained to handle other issues related to the case.
Locating The Right Los Angeles County Bankruptcy Law Attorneys
In bankruptcy law, there are a few broad subcategories. These categories include debt issues, issues involving foreclosure, and other issues related to the bankruptcy. Many cases involve more than one subcategory of bankruptcy law within the same case.
Numerous legal issues may come up as a result of filing for bankruptcy. An individual is first required to determine if bankruptcy is the correct solution for their situation. After this, the individual must determine which chapter they are qualified to file under. Chapter 11, Chapter 7, and Chapter 13 are the most common chapters. A debtor may be able to reach an agreement with their creditors rather than filing for bankruptcy.
In many cases, a bankruptcy is complicated and typically involves many subcategories of bankruptcy law. Bankruptcy attorneys will help ensure their client’s rights are protected during a bankruptcy proceeding. Bankruptcy attorneys can also help the parties in creating a resolution that covers those matters which the parties are able to reach an agreement on.
Debtors who are unable to pay their bills may qualify to file for Chapter 7 or Chapter 13 bankruptcy. A debtor will be required to forfeit some of their property in Chapter 7 bankruptcy, but there are some exceptions. A debtor is permitted to keep their property in a Chapter 13 bankruptcy, but they are required to submit to a repayment plan for that property. Debtors who do not quality for Chapter 7 may qualify for Chapter 13.
Chapter 11 bankruptcy, which is also called reorganization bankruptcy, is typically used for businesses. It can, however, be utilized by partnerships and individuals. A Chapter 11 bankruptcy permits businesses to reorganize finances in order to pay off debt, continue operating, and become profitable once again. Even though the business is not required to sell property, they are still required to pay back their debt, with certain exceptions.
There are other legal issues which involve bankruptcies, including repossession of property and harassment by creditors. Once a debtor files for bankruptcy, a creditor is prohibited from harassing the individual. A debtor should instruct the creditor to cease communications regarding the debt and write a letter to the creditor. If the collection harassment does not stop, a bankruptcy attorney can assist the debtor file a complaint or a lawsuit.
Should I Contact Los Angeles County Bankruptcy Law Attorneys?
A bankruptcy attorney will help you with your bankruptcy law issue that you may have. Matters which involve bankruptcy law are usually challenging. Your bankruptcy attorney will provide you with guidance during your bankruptcy. LegalMatch is a free service where you have the ability to present your case with attorneys and choose which attorney best suits your needs.