Tenina Law and its team of Los Angeles bankruptcy attorneys have helped thousands of people and families find effective debt relief. Alla Tenina can help you get real, fast and effective debt relief if you are struggling with overwhelming credit card debts, mortgage payments that are too high, personal loans, student loan debt, medical bills or tax debt. We’ve helped others in similar situations find financial freedom, both within and outside of the bankruptcy process. Call our experienced Los Angeles Bankruptcy Lawyers today to get the help you require.
BOOK A FREE CONSULTATION NOW!
Why Tenina Law?
- Board-Certified specialists in Bankruptcy Law
- You can get immediate help if you need it.
- Attorneys of the highest quality personally handle your case.
- Experience of completing thousands cases with success and client satisfaction
- Our team can provide services to clients in California remotely.
- Call now to speak with an Attorney right away
Bankruptcy Solutions for Financial Stress and Debt
In the past, bankruptcy laws have provided families and individuals with a safety net to prevent them from going bankrupt when they are in debt. The bankruptcy law in the United States is like a safety valve, and there’s no reason to be ashamed. Even the Constitution says so! You are within your rights to file for bankruptcy if you have a lot of debt.
- Chapter 7 eliminates debts for credit cards, personal loan, medical bills and auto loans. A Chapter 7 bankruptcy is a new start. Our bankruptcy experts will help you to protect your valuable assets while eliminating the debts that keep you awake at night worrying or harassing you throughout the day.
- Chapter 12 – Chapter 13 will help you to save your house from foreclosure, and can force your mortgage lender to agree to a long-term repayment plan. Chapter 13 can be used to reduce your debts and give you more time to repay them comfortably. You can also use Chapter 13 to repay certain obligations that are not dischargeable under chapter 7. These include priority taxes, support obligations and other non-dischargeable debts.
Are You Being Sued or Has Your Account Been Sent to Collection? You Can Still Get Help!
You should not give up just because you were sued by a law firm representing creditors. That’s not the end of the road. Call a reputable bankruptcy law firm, like Tenina Law. We will file a bankruptcy petition that will impose an automatic stop on all legal or collection proceedings, such as lawsuits and foreclosures. We act quickly to protect you, and we get results. Trust our Los Angeles bankruptcy Lawyers all the time.
Call Alla Tenina if you’re being sued by a major firm that represents creditors in Southern California. They can provide practical and strategic advice, as well as immediate help in responding to and dealing with the lawsuit in a proactive, effective manner.
Los Angeles Bankruptcy FAQs
Q. Will My Credit Score Fall After Bankruptcy?
Answer: Yes. Your credit history will determine the exact amount of the decline. The majority of people who declare bankruptcy have multiple debts in collection, defaulted on their debts, and a high credit utilization. They have scores in the 400s. Others have been able to manage their debts and maintain a 700-point score (with some difficulty). With bankruptcy, you can expect to see your credit score drop by more than 300 points. It is possible to rebuild your credit.
Q. How Long Will a Bankruptcy Remain on My Credit Report?
The answer depends on bankruptcy. A Chapter 7 remains in effect for 10 years, while a chapter 13 is valid for 7 years. However, the negative effects diminish with time.
BOOK A FREE CONSULTATION NOW!
Q. What Debts Can I Eliminate in Bankruptcy?
Answer: Bankruptcy does not eliminate all debts. Some debts, like family law obligations such as child support and alimony, are excluded from bankruptcy. Some debts are excluded, such as drunk driving tickets and court judgments based on drunken driving. You can still eliminate some unsecured debts like credit card debts and medical debts.
Q. Can I Eliminate My Mortgage Payments?
Answer: You can eliminate your mortgage debt in Chapter 7. The security interest in your property is still intact, so your lender may still be able to foreclose on you if you stop making payments.
Q. Will I Lose My Home if I File for Bankruptcy?
Depends. If you have equity in your home and you cannot exempt it, you could lose your house. The trustee may force a sale in this case and distribute the equity to creditors. By filing for Chapter 13, you can avoid the sale.
You can only exempt equity if you’re current with your mortgage. The lender may foreclose the property if you do not pay. You can catch up on your mortgage payments or you can file for Chapter 13 to give you more time.
Q. Can I Hire a Paralegal to File My Bankruptcy?
Answer: You can get help from them to fill out forms. They can type in the information you provide. They can’t give legal advice and are not up-to-date on bankruptcy laws.
Call Now to Get Help from Skilled Los Angeles Bankruptcy Lawyers
There are solutions to the financial stress that you’re experiencing. Tenina Law offers a free consultation so you can get all the information and immediate assistance you need. You don’t have to waste time scheduling an appointment, or even coming in for a consultation. Just call us and our attorney will be on the line right away.
