Chapter 7 Bankruptcy Attorney Los Angeles
Wadhwani & Shanfeld — Helping You Choose the Ideal Path to Financial Freedom
When you call or sit down with a knowledgeable Los Angeles Chapter 7 bankruptcy lawyer from our team, we can help you discover which debt relief solution is suited to your needs. Our lawyers have helped more than 20,000 people across California. We have more than 65 years of collective experience and a reputation in the Southern California community for aggressive advocacy and informative counsel.
Don't hesitate to obtain the professional assistance you need to get your finances back on track. Call Wadhwani & Shanfeld today to speak with our team and get a free case evaluation!
We Provide Practical, Customized Debt Relief Solutions
Chapter 7 bankruptcy is the most common form of bankruptcy that allows the filer to achieve financial freedom from debt in the most efficient manner possible by eliminating unsecured debts. Debt is considered "unsecured" if it is not attached to a material form of collateral.
Examples of unsecured debt include:
- Credit card debts
- Medical bills
- Personal loans
- Payday advances
Chapter 7 bankruptcy in California offers many benefits, such as enabling you to clear your debt in as little as four months. While Chapter 7 bankruptcy is beneficial because it is the quickest and easiest option for a debt-free future, not everyone can qualify.
Chapter 7 Bankruptcy Eligibility in CA - The Means Test
Also known as "straight" or "liquidation" bankruptcy, Chapter 7 bankruptcy can only be filed by individuals who pass the qualifying means test. This test was established by the United States Congress in 2005 and is designed to weed out individuals who have the financial capability to repay their debts under the Chapter 13 bankruptcy repayment plan option.
In order to pass the means test, you must demonstrate that you cannot afford to repay your debt.
- First, the means test compares your income to the median income of the same household size in your county.
- If your income is lower than the median income, you pass the means test. But, we are able to qualify many of our clients whose income is higher than the median income.
There are many factors that can influence your eligibility for Chapter 7 bankruptcy. We encourage you to contact our Los Angeles Chapter 7 bankruptcy attorneys to learn more whether you qualify and if is the right choice for you.
Invaluable Bankruptcy Insight
Attorneys Raj Wadhwani and Greg Shanfeld are Board-Certified Bankruptcy Specialists who leverage their insight on behalf of clients.
Our legal team does all of the work for you, including filing paperwork, keeping track of deadlines, and providing protection from creditors.
Experience Where it Counts
Our attorneys have over 65 years of collective experience helping clients in a broad range of bankruptcy and debt settlement cases.
A Prolific Record of Success
Our firm has successfully helped more than 20,000 people put the pieces of their lives back together after a bankruptcy.