Los Angeles Bankruptcy Attorneys
Experience True Debt Relief by Calling Us Today 
Secured Debts 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 Secured Debt Lawyers

We Have Answers to Your Questions About Secured Debts

Our bankruptcy attorneys have decades of experience in this area of the law and will use all of our resources and experience to protect your assets. If you have creditors who hold a secured claim, they may be able to repossess or take ownership of an asset (house, car, savings account used as collateral, business inventory, etc.) should you default on a loan or credit agreement. However, they must adhere to very strict guidelines in order to take such action. We will make sure that they do adhere to these guidelines and can recommend action to protect your assets.

Our bankruptcy attorneys will be your loyal advocates when creditors try to take your assets. If you contact us early enough, we may be able to help you avoid such risk altogether. Call (310) 220-4147 to speak with our attorneys at Weintraub & Selth, APC. We will help you protect your assets while reducing or even eliminating secured debt.

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What Happens If You Default on a Secured Debt?

If you default on a secured debt or loan, secured debt creditors may take a variety of enforcement actions and seek court orders enabling them to take some control of your assets, including:

  • Foreclosure or seizure on the asset they hold as collateral
  • A writ of possession
  • A mechanic’s lien (for creditors who have done work on a vehicle or your property)
  • A tax lien (for the federal government in cases of unpaid tax debt)

When creditors seize an asset used to secure a debt, the amount received at a forced sale is applied to the overall amount of the debt. If the amount of your debt is greater than the value of the asset, which is most often the case, you are responsible for the remaining amount owed. This remaining amount is an unsecured debt on which you can be sued.

In almost every case, a home equity loan is just another name for a second mortgage, a common type of secured debt. Defaulting on a home equity loan can result in the foreclosure of your house. In today’s real estate market, you may be left with substantial debt even after your house has been sold. Our Los Angeles bankruptcy attorneys may be able to renegotiate your mortgage, as we have done for countless other clients. We can often help reduce interest rates and your monthly payment, as well as defer payments and reduce the principal.

Our bankruptcy attorneys are on your side. If creditors are threatening you or you are concerned about protecting your assets through bankruptcy, contact us as soon as possible for the peace of mind you deserve.

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 Bankruptcy Attorneys

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

Read Our 5 Star Reviews
  • “[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
  • “Dan Weintraub and Jim Selth methodically guided us through the process and were just incredible at strategizing and implementing a ...”

    - Ari Kaplan

Contact Weintraub & Selth, APC Today

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