Every year, there are hundreds of thousands of people that file for bankruptcy in order to start fresh financially. In fact, even celebrities and those in the public spotlight find themselves filing for bankruptcy. Filing for bankruptcy is nothing to be ashamed of because it is our given right to start a new path toward financial freedom from debt.
Filing for bankruptcy can prove to be quite complex and tedious for those that don’t have an intricate understanding of the legal process. Contact our Hollywood bankruptcy lawyers and let us guide you through the bankruptcy process. By consulting with an experienced Hollywood bankruptcy attorney, you will learn all of the options available to you, how long the process takes, and what outcomes you can expect after filing.
At Loan Lawyers, our bankruptcy lawyers in Hollywood are with you every step of the way. You can be sure that our team of skilled bankruptcy attorneys in Hollywood will advise you on the best path for you to take while keeping your best interests in mind.
The Bankruptcy Process
In addition to eligibility requirements for the various chapters of bankruptcy, there are also federal and state laws that may affect whether you qualify or not for a specific chapter.
At Loan Lawyers, we advise our clients on any and all of these laws and potential limitations so that you don’t have to worry about whether or not you qualify for bankruptcy. Our Hollywood bankruptcy lawyers will guide you through the entire process so that you can become debt-free as soon as possible.
Chapter 7 Bankruptcy
Chapter 7 is one of the more popular options when it comes to filing for bankruptcy. To qualify for Chapter 7 bankruptcy, you must go through what is called a ‘Means Test’. This ‘Means Test’ basically evaluates your current financial situation by looking at your income verse your total outstanding debts. If you do qualify for Chapter 7, then most of your debts can be forgiven
Many state laws can also have an effect on chapter 7 bankruptcy eligibility. To see if any of these laws affect your eligibility, consult with our Hollywood bankruptcy lawyer for advice before you file.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is the route that most people go for when they do not qualify for Chapter 7. In Chapter 13, your repayment plans can be modified or extended based on your specific situation.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy is usually filed by either business owners or individuals that have extreme amounts of debt.
This specific chapter can be a very complicated process and requires the assistance of a qualified Hollywood bankruptcy lawyer to help you through the necessary steps.
Contact The Hollywood Bankruptcy Attorneys At Loan Lawyers
If you are looking for a fresh start financially and are debating whether or not to file for bankruptcy, contact Loan Lawyers today. Our talented team of bankruptcy attorneys in Hollywood are more than happy to guide you through the processes of bankruptcy. Call us today at 954-523-HELP (4357) for a legal consultation.