Filing Bankruptcy Is Always The Last Resort

But It's only one of the tools in our tool box

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Four Reasons To Choose Us
01

a True Full Service Bankruptcy Law Firm

One of the few true full service bankruptcy firms in Los Angeles specializing in all chapters of the Bankruptcy Code and out of bankruptcy solutions.

02

OUR LAWYERS HAVE BIG FIRM TRAINING

Our lawyers have big firm training and expertise offered to clients in a cost effective, boutique firm environment.

03

we offer cost effective expertise

Flexible fee arrangements enable small and mid sized businesses to obtain the type of relief usually reserved only for large companies.

04

SUCCESSFULLY handled OVER 1,000 CASES

We are dedicated to our client’s success and tailor custom solutions for each case.

Mandatory Disclosures

Essential Details About the Filing Process

The United States government requires all bankruptcy lawyers to inform business owners, corporations and individuals of essential details regarding bankruptcy. Weintraub, Selth & Nguyen, APC can explain these mandatory disclosures in more detail when you contact our office at (310) 584-7702 or toll free (866) 572-2423 but we offer the following overview of the mandatory disclosures.

The Definition of Bankruptcy

Bankruptcy is a method of relief provided by the government for people and businesses unable to pay their debts. The Bankruptcy Code is separated into chapters. The debtor’s particular circumstances will allow them to file using a particular chapter’s rules and regulations. Chapter 7 (“liquidation”), Chapter 11 (“reorganization” for businesses, corporations, and partnerships) and Chapter 13 (“reorganization” for individuals) are the most commonly known chapters. Each of these, and other lesser known chapters of the bankruptcy code, provide debt relief for debtors who qualify.

Once bankruptcy is filed, an automatic stay will go into effect which puts a stop to creditor harassment, collection lawsuits, evictions, foreclosures, repossessions, and wage garnishment.

Bankruptcy also involves mandatory credit counseling. You must complete a credit counseling course prior to filing bankruptcy and another course after you have filed. The credit counselor facilitating the courses must be approved by the Office of the U.S. Trustee. Your completion of these courses must be documented.

To File, you Are not Required to Hire an Attorney

Corporations and partnerships must have an attorney to file but you may file bankruptcy on your own if you are an individual. “Pro se” representation, or representing yourself, is certainly possible. Hiring an attorney to represent you is completely optional. In addition to choosing to represent yourself or hiring an attorney, other forms of bankruptcy support exist. You may opt for the assistance of a bankruptcy preparer who is not a lawyer. This, however, is also not mandatory. If you seek the assistance of an attorney or a non-lawyer bankruptcy preparer, they are required by law to disclose, in writing, exactly what services they will provide and the cost of those services. There are also free bankruptcy support services available.

If you Have Questions, Call Weintraub & Selth

Depending on your situation, you may qualify for more than one bankruptcy chapter. You may have begun the bankruptcy process or you may still be considering your options. Weintraub, Selth & Nguyen, APC are here to answer your questions and be your advocates. If you have questions about the mandatory disclosures or any other topic related to debt relief or bankruptcy, contact the bankruptcy lawyers of Weintraub, Selth & Nguyen, APC.