Los Angeles Bankruptcy Center is committed to helping clients who cannot afford the cost of other expensive attorney services by providing quality legal services for a reasonable cost. Our experienced affiliated attorneys are personally involved in all cases and reviews of all filings to make sure all clients receive the high quality work that is essential to in accomplishing the goals of our clients.

Los Angeles Bankruptcy Center and its network of highly experience attorneys have successfully filed  thousands of bankruptcy cases and have experience filing in the Central, and Southern Districts of California. Our staff and affiliated attorney’s have extensive experience filing Chapter 7 asset and no asset cases, corporate liquidations, and Chapter 13 bankruptcies.  Our Staff and affiliated Law firms also has vast experience adjudicating adversary proceedings within those cases, making sure his client get the bankruptcy relief they deserve.

Over 1.4 million Americans took advantage of the quickest and easiest way to get relief from debt and filed for Bankruptcy last year. Please call us now! Eliminate all your debt and get a fresh start!

  • Eliminate your debt
  • STOP  bill collectors harassment now
  • Garnishment Relief
  • STOP Bank Account Levy
  • STOP Foreclosure
  • STOP Eviction 

Bankruptcy can eliminates some debt, it doesn’t eliminate all types of debt. Before you file for bankruptcy, make sure you know which debts will be wiped out and which will remain. For the most part, you can get rid of credit card debt by filing either  a chapter 7 or chapter 13 bankruptcy. You may not be able to eliminate other  types of debt, including child support, alimony, most tax debts, student loans, and secured debts. In some situations, Chapter 13 can help, whereas Chapter 7 cannot.

Read on to learn how different types of debt are treated in bankruptcy.

If you are facing serious debt problems, bankruptcy may offer a powerful remedy in regards to:

Wipe out credit card debt and other unsecured debts.

Bankruptcy is very good at wiping out credit card debt. Unless you have a special “secured” credit card, your credit card balance is an unsecured debt — that is, the creditor does not have a lien on any of your property and cannot repossess any items if you fail to pay the debt. This is precisely the kind of debt that bankruptcy is designed to eliminate. Besides credit card debt, you may have other unsecured debts, and bankruptcy can wipe these out as well.

If you file for Chapter 13 rather than Chapter 7, you may have to pay back some portion of your unsecured debts. However, any unsecured debts that remain once your repayment plan is complete will be discharged.

Stop creditor harassment and collection activities.

Bankruptcy can stop creditor harassment, but if the “harassment”‘ is simply phone calls and letters, there are simpler ways to stop it. If the harassment is more serious — for instance, if the creditor is about to repossess your car or foreclose your mortgage — bankruptcy can help with an automatic Stay.

Eliminate Bank Levy.

As soon as you file a bankruptcy, a Court order called the “automatic stay” is put in place. The automatic stay prevents any and all creditors from collecting on their debt, especially through a garnishment or levy. So you can protect your money and use it yourself, instead of letting a creditor wipe your account clean.

Eliminate certain kinds of liens.

A lien is a creditor’s right to take some or all of your property and will survive bankruptcy unless you invoke certain procedures during your bankruptcy case.

Wage Garnishment Relief.

When you file for Chapter 7 bankruptcy, the law immediately begins protecting you from creditors by granting an automatic stay. The stay prohibits creditors from taking any collection activity against you during your bankruptcy case. Because wage garnishment is a collection action, wage garnishments must stop once you file for bankruptcy. There are a few exceptions to this prohibition — most notably, child support collections will not be stopped by the automatic stay.

A creditor can ask the bankruptcy court to remove the automatic stay, but in most cases the court will not do so.

Stop a mortgage foreclosure / Eviction.

Filing for Chapter 13 bankruptcy will stop a foreclosure and force the lender to accept a plan where you make up the missed payments over time while staying current on your regular monthly payments. To make this plan work, you must be able to demonstrate that you will have enough income in the future to support such a repayment plan. Only a Chapter 13 can do this unlike the filing of a Chapter 7.

Allow you to keep nonexempt property. You don’t have to give up any property in Chapter 13 because you use your income to fund your repayment plan.

“Cram down” secured debts that are worth more than the property that secures them.

You can sometimes use Chapter 13 to reduce a debt to the replacement value of the property securing it, then pay off that debt through your plan. For example, if you owe $10,000 on a car loan and the car is worth only $6,000, you can propose a plan that pays the creditor $6,000 and have the rest of the loan discharged. However, under the new bankruptcy law, you can’t cram down a car debt if you purchased the car during the 30-month period before you filed for bankruptcy. For other types of personal property, you can’t cram down a secured debt if you purchased the property within one year of filing for bankruptcy.

Here’s what bankruptcy cannot do for you:

Prevent a secured creditor from repossessing property.

A bankruptcy discharge eliminates debts, but it does not eliminate liens. So, if you’re debt is secured (a debt where the creditor has a lien on your property and can repossess it if you don’t pay the debt), bankruptcy can eliminate the debt, but it does not prevent the creditor from repossessing the property.

Eliminate child support and alimony obligations.

Child support and alimony obligations survive bankruptcy — you will continue to owe these debts in full, just as if you had never filed for bankruptcy. And if you use Chapter 13, your plan will have to provide for these debts to be repaid in full.

Wipe out student loans, except in very limited circumstances.

Student loans can be discharged in bankruptcy only if you can show that repaying the loan would cause you “undue hardship,” a very tough standard to meet. You must be able to show not only that you cannot afford to pay your loans now, but also that you have very little likelihood of being able to pay your loans in the future. If you are facing an undue hardship standard, there may be a solution.

Eliminate most tax debts.

Eliminating tax debt in bankruptcy is not easy, but it is sometimes possible for older debts for unpaid income taxes. There are many requirements to be met, however.

Eliminate other non dischargeable debts.

The following debts are not dischargeable under either Chapter 7 or Chapter 13 bankruptcy:
• debts you forget to list in your bankruptcy papers, unless the creditor learns of your bankruptcy case
• debts for personal injury or death caused by your intoxicated driving, and
• fines and penalties imposed for violating the law, such as traffic tickets and criminal restitution.
If you file for Chapter 7, these debts will remain when your case is over. If you file for Chapter 13, these debts will have to be paid in full during your repayment plan. If they are not repaid in full, the balance will remain at the end of your case.

In addition, some types of debts may not be discharged if the creditor convinces the judge that they should survive your bankruptcy. These include debts incurred through fraud, such as lying on a credit application or passing off borrowed property as your own to use as collateral for a loan.

Los Angeles Bankruptcy Center 

Expert attorney’s and staff can assist you in eliminating many types of Debt, such as Medical Bills, Auto car loans, personal loans, credit card debt and in some cases tax debt.

If you are struggling with personal debt, including facing a potential FORECLOSURE, or Business Debt that seems to be increasing no matter how hard you try to pay it down, let Los Angeles Bankruptcy Center assist you in providing you with a solution to get you a fresh start. The Federal Government offers individual’s, and businesses a potential solution through the filing of a Bankruptcy.

Los Angeles Bankruptcy Center’s affiliated law firms have assisted THOUSANDS of individuals and business in the elimination millions of dollars of debt. With many years of experience, and a complete understanding of Bankruptcy Law, Our affiliated Law firms and attorneys  have all the Knowledge and resources to properly serve your needs during these very sensitive and trying times. Let us offer you the support and level of expertise that is required to assist you.

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