In light of the current health crisis, we are happy to offer free telephonic consultations. Should you choose to retain our services, we can easily handle the bankruptcy process via telephone and email. We hope that everyone remains safe and healthy during these unprecedented times.
Bankruptcy Attorneys Serving Southern California
Chapter 7 Bankruptcy

Chapter 7 Bankruptcy Attorneys in Palmdale

Need Help Filing for Chapter 7? Our Firm Can Help.

If you are suffering under crushing debt, bankruptcy may be the perfect solution. Despite the bad reputation, bankruptcy can be a great way to get out from under debt and start off fresh. Our attorneys at Wadhwani & Shanfeld have been helping clients file for bankruptcy for more than 65 years and we want to help you, too.

At Wadhwani & Shanfeld we understand how overwhelming it can be to face debts you simply cannot afford to pay. Fortunately, we know what to do. We have helped more than 12,000 people just like you file bankruptcy. We can work with you to determine whether or not Chapter 7 bankruptcy is the best choice, and create a custom plan that aligns with your financial goals.

How Does Chapter 7 Bankruptcy Work?

Chapter 7 bankruptcy, also known as liquidation bankruptcy, allows you to sell your assets in order to receive forgiveness for outstanding debts. This is the most common form of bankruptcy because it does not require actual repayment plans like Chapter 13 bankruptcy does.

One of the biggest upsides to Chapter 7 bankruptcy is the timeline. For most people, filing for this form of bankruptcy is relatively quick, sometimes taking as little as 4 months to complete.

Who Is Eligible to File for Chapter 7?

In order to be eligible for Chapter 7, you must pass the Means Test. The Means Test looks at your disposable income and compares it to the median in your state based on the size of your household.

If your current monthly income is less than the median income for your state, then you pass the means test. Chapter 7 is reserved for those with lower incomes, while Chapter 13 is for higher wage earners.

What Types of Debts Can Chapter 7 Discharge?

Through Chapter 7 bankruptcy, you can eliminate unsecured debts, such as:

  • Credit card debt
  • Medical bills
  • Personal loans
  • Payday advances

Can You Keep Property in Chapter 7?

Many people who file for Chapter 7 bankruptcy are concerned about retaining their assets during the liquidation process. Our attorneys can work with you to evaluate the depth of your debt and determine the best course of action for your family. In many situations, it is possible to retain your home during foreclosure, car, and other belongings when filing Chapter 7 bankruptcy. Speak with one of our attorneys to determine how liquidation bankruptcy may apply to your situation.

Choose Our Attorneys at Wadhwani & Shanfeld

Not everyone is eligible to file for Chapter 7 bankruptcy. There are certain income restrictions, as determined by the means test. Our attorneys can help you discover whether or not you qualify for Chapter 7 bankruptcy and, if you do not, we can walk you through alternatives, such as Chapter 13 bankruptcy or debt settlement options. Whatever your situation, our firm is here to help you and your family find the best debt relief option to put you on the path towards financial stability.

We have offices in Palmdale and all across Southern California.

Contact Wadhwani & Shanfeld to schedule a free consultation with our attorneys.

Client Testimonials

We've Helped Over 20,000 Satisfied Clients
  • “Very professional, helpful. Would recommend to anyone.”

    - Jose Portillo
  • “5 stars very very helpful. walked me through filing .”

    - Joan Bevis
  • “Very professional, easy process and always available to answer questions, Thank you”

    - Ikram Kacem Nsiri
  • “Wadhwani & Shanfeld was very professional and always answered my questions. We are so grateful for them.”

    - Christopher & Jillian West
  • “I very much liked Raj and his staff and I would give them 100 stars if possible. I was kept informed and very happy with the end results. Thanks again...Steve”

    - Stephen Grossman

Why Choose Wadhwani & Shanfeld?

The Right Attorney Can Make A Difference
  • Invaluable Bankruptcy Insight

    Attorneys Raj Wadhwani and Greg Shanfeld are Board-Certified Bankruptcy Specialists who leverage their insight on behalf of clients. 

  • Hands-On Guidance

    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.

Begin Putting the Pieces Back Together

If you're struggling with debt, the most important thing you can do is hire the right attorney. At Wadhwani & Shanfeld, we have successfully filed over 12,000 bankruptcy cases and helped over 20,000 people get back on their feet.