Palmdale Bankruptcy Attorneys
Guiding You Towards a Debt-Free Future
Backed by more than 65 years of legal experience, our attorneys at Wadhwani & Shanfeld know what to do when facing the threat of bankruptcy. Our firm has successfully handled more than 12,000 bankruptcy cases for our clients, including both Chapter 7 and Chapter 13. We can use our legal knowledge to work with you to establish a plan to alleviate your debt issues and get you back on your feet.
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- Debt Relief Solutions Tailored to You
- Types of Services we Offer
- Hear From Our Clients
- Dependable Legal Guidance & Representation
Call 800-996-9932 today to speak with our Palmdale bankruptcy lawyers!
Whatever your situation, we can work with you to develop a customized plan to help you get out from under crushing debt. Our bankruptcy lawyers in Palmdale are both board-certified bankruptcy specialists, giving them an edge when it comes to understanding the field.
Services we can provide include, but are not limited to:
- Chapter 7 bankruptcy: This chapter of bankruptcy allows you to repay your debts by liquidating your assets. It is an effective option for those who qualify.
- Chapter 13 bankruptcy: This chapter allows you to keep most of your assets and create a repayment plan for your debts.
- Stopping a foreclosure: If you are behind on your mortgage, we can help you save your home through bankruptcy, loan modification, or other options.
- Student loan debt: If you are struggling to repay your student loan debts, learn more about relief options. You could qualify for forgiveness or be able to temporarily stop paying your debts.
- Debt settlement: We can help you negotiate your debts to an amount that is less than what you owe to make it more manageable for you.
Managing rising debt on your own can be overwhelming and problematic, especially if debtors are calling or your family home is being threatened. Everyone’s situation is different, which is why we customize our services to meet your needs and those of your family. Whether you are concerned about which type of bankruptcy to file, how to rebuild your credit after filing bankruptcy, or how to avoid harassment from debt collectors, we can help.
"I am very satisfied and impressed with the Sherman Oaks office location! They did an outstanding job with my bankruptcy case! I was so lost and stressed out trying to find the right bankruptcy firm. I ran across this firm on Google and decided to give them a call. I was impressed that bankruptcy attorney Wadhwani returned my call on a Saturday! That's right on a weekend when the office was closed! I was very confident that this was a law firm that cared about their client! The case went very smooth and was discharged in three months! Wow!"
Fighting against debt? Call 800-996-9932 for a consultation with an experienced bankruptcy attorney in Palmdale at Wadhwani & Shanfeld.
Bankruptcy Frequently Asked Questions
How Much Does It Cost to File Bankruptcy?
There is no clear-cut cost of filing bankruptcy. The cost to file bankruptcy can be anywhere from a few hundred dollars to a few thousand -- the total cost of bankruptcy depends on your financial situation, how difficult your case is, and if you are filing for Chapter 7 or Chapter 13 bankruptcy. You may also need to pay credit counseling course fees as well.
One sure cost of filing bankruptcy are the filing fees:
- Filing Fees:
- Chapter 7: $338.00
- Chapter 13: $313.00
Other bankruptcy fees:
- Case Reopening Fees:
- Chapter 7: $260.00
- Chapter 13: $235.00
- Case Conversion Fees:
- Chapter 7 to Chapter 13: No fee
- Chapter 13 to Chapter 7: $25.00
What Disqualifies You From Filing Bankruptcies
If a person is struggling against debt, it does not mean that they may simply file for Chapter 7 or Chapter 13 based on what “sounds good”. They must first be eligible to file for either Chapter 7 or Chapter 13.
Am I Eligible for Chapter 7 Bankruptcy?
To qualify for Chapter 7, you must qualify for the criteria below. If you fail to meet the requirements, then it is likely that you will need to file for Chapter 13. Reach out to an experienced bankruptcy attorney near you to learn which option is best for you.
Chapter 7 eligibility requirements:
- You must be an individual, a married couple, or the owner of a small business
- Your income is not too high and you can pass the “means test”
- You do not have a previous Chapter 7 discharge within the last 8 years
- You do not have a previous Chapter 13 discharge within the last 6 years
- You did not have a previous Chapter 7 dismissal within the last 180 days for specific reasons
You must also make sure to complete a credit counseling course 180 days before your filing.
Am I Eligible for Chapter 13 Bankruptcy?
The requirements for Chapter 13 are different from Chapter 7. If you do not meet the requirements, then it is possible that Chapter 7 will work for you. For more guidance, do not hesitate to reach out to a bankruptcy lawyer in Palmdale near you to determine which option will work best based on your circumstances.
Chapter 13 eligibility requirements:
- You have regular income
- You are not behind on your tax filings
- You are an individual, not a business.
- For any cases filed between April 1, 2022 and March 31, 2025, your secured debts must be less than $1,395,875 in total and less than $465,275 for unsecured debts
Do Bankruptcies Show Up On Background Checks?
If you are fighting against debt, you may be worried about the effects filing for bankruptcy could have on your current employment or potential employment.
It is possible for your employer to learn that you have a bankruptcy case, however, an employer cannot fire you based on the fact that you filed for bankruptcy, no may they change the terms of your employment because of it. If your employer terminates you from your position after hearing about your bankruptcy and there are no other reasons for your release, it is possible that you have a discrimination case on your hands.
In regard to potential employment, no federal, state, or local government agency may consider your bankruptcy when it comes to deciding whether or not to hire you. However, there is no rule for private employers. Filing for bankruptcy may hurt those who are applying for positions in the financial industry -- employers typically find out due to completing credit checks on applicants.
Our business practices are backed by an A+ rating from the Better Business Bureau, showing our credibility and thorough understanding of bankruptcy law. If you need help filing bankruptcy or handling debt, our firm wants to help. We understand how frustrating and overwhelming financial obstacles can be, which is why we strive to make the process as easy as possible for you.
Contact Wadhwani & Shanfeld to schedule a free consultation with our Palmdale bankruptcy attorneys.