Los Angeles Bankruptcy Attorneys
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Chapter 7 Bankruptcy Working to Help Clients Thrive

We are a debt relief agency. We help business and individuals file for bankruptcy relief under the Bankruptcy Code.

Los Angeles Chapter 7 Lawyers

The compassionate bankruptcy law team at Weintraub & Selth, APC understands that life can be overwhelming when you are struggling to pay off your debts or have to deal with creditors and debt collectors who are hounding you for payments you simply can’t afford. That is why we dedicate our extensive resources to helping clients throughout the greater Los Angeles area file for Chapter 7 Bankruptcy so that they can take control of their financial situations.

If you are considering filing for bankruptcy to get out of debt, then please call (310) 220-4147 to discuss if filing for Chapter 7 is the right option for you

What Is Chapter 7 Bankruptcy?

Chapter 7, also called straight (liquidation) bankruptcy, is the most common type of bankruptcy in the U.S. This type of bankruptcy is a good option when you have too much debt or have too many creditors for debt settlement. Additionally, some of your assets (exempt assets) can be protected under this type of bankruptcy agreement.

How Does Chapter 7 Work?

In a Chapter 7 bankruptcy, a trustee is given authority to examine all financial records in order to review the bankruptcy petition. It is the trustee’s job to verify that the information provided to the court matches your financial documents, such as pay stubs and bank statements, and ensure they are accurate. The trustee will then decide which assets or properties to sell in order to pay back creditors. While your Chapter 7 case is pending, there is an automatic stay that halts all credit collection activities.

Although Chapter 7 bankruptcies have declined in California over the years, it should not discourage you from reaching out to a legal professional to explore your options.

Am I Eligible to File for Chapter 7 Bankruptcy?

As long as you haven’t received a Chapter 7 bankruptcy discharge in the past eight years and depending on your income and the nature of your debts, you should be able to file. While the process can take four to six months, Chapter 7 bankruptcy enables individuals to eliminate credit card debt, judgments, medical bills, and other types of debt so they can move forward with their lives without the loss of exempt assets. Learn more about eligibility for Chapter 7.

Protecting Your Assets in Chapter 7 Bankruptcy

Once it becomes clear that a bankruptcy filing should take place, the question of the best time to file arises. Our Chapter 7 lawyers carefully assess the factual and legal issues of your case to ensure the best possible outcome. Because of this careful approach, except in those rare circumstances where our client knew in advance of this possibility and decided to proceed with the case anyway, we have never had a client lose an asset in a bankruptcy case.

Call (310) 220-4147 to schedule a free consultation today.

Let's Explore Your Options

If you are eligible, Chapter 7 bankruptcy can be an effective solution that can wipe out more of your debts. Our attorneys personally guide you through the entire process, helping you navigate the various laws, exemptions, and other aspects of your case. You'll have an experienced lawyer on your side advocating for your financial interests every step of the way.

To learn more about whether Chapter 7 is right for you, contact our team. We can review your debts to help you determine your eligibility and provide more information about what filing for Chapter 7 bankruptcy can look like in your situation.

Debt relief is possible, and we're here to help. Talk to one of our Chapter 7 attorneys to get started.

Why Hire Our Firm?

  • Thousands of Cases Handled

    Our experienced attorneys have successfully represented thousands of businesses and individuals with financial problems.

  • 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.

  • Big Firm Experience at a Boutique Price

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

  • A 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.
     

Experienced Attorneys

The Right Firm Makes a Difference
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Hear from People We've Helped

Read Our 5 Star Reviews
  • “I am not sure how to express my thanks...”

    - Paul T
  • “[Jim Selth] has always come through in a very professional, timely, and responsible manner.”

    - Marc B.
  • “If you are a business owner going through difficult times and need help restructuring or closing your doors, this is the law firm ...”

    - Paul Trump

Contact Weintraub & Selth, APC Today

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