LOS ANGELES BANKRUPTCY ATTORNEY
A bankruptcy filing can help...
-Stop Wage Garnishments
-Stop Harassing Phone Calls
-Discharge credit Card Debt
-Discharge Medical Bills
-Discharge Some Taxes and Some Student Loans!
A bankruptcy filing can discharge (erase) judgments, credit card debt, some taxes and even some student loans! It can be the first step toward a new financial future. Bouldoukian Law Firm is dedicated to helping individuals get out from the burden of unsecured debt by helping them file a Chapter 7 or Chapter 13 Bankruptcy. Wherever you find yourself on the economic ladder now, rest assured that most people have a mountain of debt behind them. It is important to know that you have options, and our firm will review those options with you. There are more options available to you than you might think.
Get in touch with us to set up a consultation, or use the contact form at the bottom of this page to inquire whether our services are right for you.
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Areas of Practice
Chapter 7 Bankruptcy
When you are filing for a bankruptcy, you are identified as the “Debtor” through the case. To qualify for relief under chapter 7 of the Bankruptcy Code, the debtor may be an individual, a partnership, or a corporation or other business entity. 11 U.S.C. §§ 101(41), 109(b) . Subject to the “means test,” an individual debtor seeks debt relief under the bankruptcy code. The bankruptcy "means test" determines whether your income is below the median income level for your household size. Your household has to earn less than the median income level in your state in order to qualify for a Chapter 7 bankruptcy. Contact
Chapter 13 Bankruptcy
Chapter 13 offers individuals a number of advantages over liquidation under chapter 7. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years. The “means test” plays more of a roll in the Chapter 13 bankruptcy case wherein it determines how much a debtor might have to pay back.A Chapter 13 filing is recommended to stop a foreclosure on real property and to propose a chapter 13 plan to pay back the mortgage arrears. A chapter 13 bankruptcy can also allow you to reclaim a repossessed vehicle. Contact
Once a creditor obtains a judgment against you, they will be able to enforce that judgment in a few different ways. The most common enforcement is through a Earnings Withholding Order (EWO), or wage garnishment. The local sherif’s department will garnish up to 25% of your paycheck each pay period and send the money to the judgment creditor. Filing a chapter 7 bankruptcy before the EWO is enforce can not only stop the garnishment, but erase the judgment all together. Contact us to discuss more.
Harassing Phone calls?
The Fair Debt Collection Practices Act is a federal law that limits the behavior and actions of a debt collector. It is designed to help protect debtors from harassment. Our office can hold off your creditor calls to give you the breathing room you need to get your filing started. Contact us to discuss more.
Served with a Lawsuit?
Were you just served with a Summons? Are you being sued by one of your creditors? The last thing you want to do is ignore any summons served on you. Our office can help you properly respond to your creditors before an judgment is obtained. In many cases, we may be able to settle with the creditor to avoid a judgment. Contact us today to discuss your options. Contact