Consumer vs Business Debt

Working to Help Clients Thrive

Consumer & Business Debt

A Law Firm for Businesses & Consumers

At Weintraub Zolkin Talerico & Selth LLP, many of our clients interested in filing bankruptcy have been given misinformation from other sources. Many of our clients have been told that the relatively new bankruptcy laws passed in 2005 have made obtaining a liquidation of their debts under Chapter 7 personal bankruptcy impossible. This is just not true. Such liquidation may be still be possible.

Contrary to popular belief, new bankruptcy laws do not eliminate Chapter 7 bankruptcy. Credit card companies and banks thought they bought the “means test” legislation to do just that. However, our highly skilled and experienced bankruptcy attorneys in Los Angeles can help our clients achieve their goals in Chapter 7 bankruptcy. Weintraub Zolkin Talerico & Selth LLP has a long record of success helping our clients qualify for complete consumer and business debt relief under Chapter 7.

Consumer & Nonconsumer Debt

New bankruptcy laws draw an important distinction between consumer debt and business debt (also called “nonconsumer debt”). If the majority of your total debt is business debt or nonconsumer debt, none of the new obstacles to bankruptcy apply. To learn more about the new bankruptcy laws and your business and consumer debt, please call us at (310) 220-4147 today.

Unlike fly-by-night companies that may be unregulated and uninsured, we are a law firm with a reputation to protect. Some debt relief agencies may promise you an unrealistic reduction in your consumer or business debt but may only offer you another bill to pay with nothing to show for it. The law firm of Weintraub Zolkin Talerico & Selth LLP, however, is made up of licensed and insured attorneys with a long list of successful cases to their credit. Our success is based upon the success of our clients. Even as the laws impacting bankruptcy change, our attorneys remain committed to understanding these changes and working to create practical solutions for our clients.

When you contact us, we will perform a careful analysis of your situation and determine if your debts should be classified as consumer debt or nonconsumer debt. If we can identify enough nonconsumer debt, you may still qualify for Chapter 7 bankruptcy liquidation. Our Los Angeles debt relief attorneys will also identify any other opportunities to help you avoid business bankruptcy or personal bankruptcy. The way your debt is classified, the results of the means test and many other factors will allow us to help you with real debt relief for your business or personal finances.

Call our firm at (310) 220-4147 or contact us online to schedule your consultation today.

Hear From People We've Helped

  • Honesty, Integrity, and Respect for the Law

    Sally C.
  • Courageous Judicial Officer of the Court

    Former Client
  • Honor, Compassion, and Zealous Respect for the Law

  • "David Zolkin’s tenacious advocacy restored my faith in the judicial system. He was able to secure an order dismissing the debtor’s case with a permanent bar; something unheard of in bankruptcy. This, in turn, protected my rights as a creditor."
    Former Client
  • "We remain incredibly grateful!"
    Patrick K.
  • "Jim Selth has always come through in a very professional, timely, and responsible manner."
    Marc B.
The Right Firm Makes a Difference 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

    Each of our partners have decades of experience helping clients successfully navigate all kinds of complex financial matters. 

  • 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.

Financial Freedom is One Call Away Big Firm Experience. Effective Service

We can help you find clarity and peace of mind so you can move ahead to a positive future with your financial situation under control.

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