FAQs

chapter 7 bankruptcy lawyer los angeles

What services do you offer?

Our practice focuses on representing debtors and helping them with debt relief.  We practice consumer bankruptcy (Chapter 7 and Chapter 13) and debt settlement.  Chapter 7 Bankruptcy is often the least expensive and quickest options.  You have to qualify based on income and assets.  If you’re able to pay back at least a portion of the debts that you owe and make too much for a Chapter 7 bankruptcy, or have too much equity to protect in a Chapter 7, Chapter 13 bankruptcy may be another option.  Chapter 13 is a 3-5 year repayment plan where you pay back a certain portion of your debt.  It is a good way to save your home from foreclosure, catch up on tax debt, and remove second/third liens from property in certain cases.  For more information, please check out our blog, or call us for a complimentary phone consultation. 

Do you charge for consultations?

We offer consultations free of charge via phone or video-conferencing.  We also offer free consultations in person on a case by case basis.  Please give us a call, send us an email at contact@kelawfirm.com, or send us a text message at (747)477-4408 to set up a consultation.

Where are you located?

We have offices throughout Southern California for your convenience.  We can meet you at our main office in Van Nuys/San Fernando Valley, or our satellite offices in Glendale/Los Angeles and Irvine/Orange County.  

What if I can’t make it to during typical law office hours?

We realize that most of our clients lead busy lives and work during typical law firm hours.  We are dedicated to helping you get a fresh start and make the process as easy as possible for you.  Just email us or give us a call and we will gladly arrange an appointment time that is convenient for you, whether it’s early morning, late evening, or on a weekend.  If we don’t have an office near you, we can meet you at your home or a local coffee shop if you prefer (coffee on us!).  We also offer telephonic and video appointments. 

Do you allow walk-ins?

Unfortunately, we don’t accept walk-ins.  Our office, however, offers very flexible appointments that will cater to your schedule, whether it be in our service areas or elsewhere. 

What will the legal service cost?

You are entitled to know, to the extent that we can reasonably inform you at your first visit, what your fee will be.  We encourage a frank, open discussion about our fees with each client at the time of the first interview.  The court filing fee for Chapter 7 are $335 and court filing fee for Chapter 13 is $310 as of May 2020.  The attorney fee varies based on the complexity of your case.  Attorney Karine Karadjian will be able to quote you a fee during your consultation. 

How do I get started?

Contact us!  You can call us at (323) 524-2123, (949) 565-4707 or (818) 960-6460.  If you prefer to text an appointment request, please do so at (747)477-4408.  You can also reach us via email at contact@kelawfirm.com

Can I keep my tax refund in a Chapter 7?

In most cases, yes.  California offers generous exemptions under CCP which allow us to exempt most of your personal property.

Can I keep my car in a Chapter 7?

In most cases, yes.  California offers generous exemptions under CCP which allow us to exempt most of your personal property.

Can I keep my house in a Chapter 7?

This will depend on how much equity you have.  California CCP allows us to exempt or protect up to $75,000 for individuals, $100,000 for married couples or head of household, and $175,000 for the elderly/retired in equity.  It is imperative to contact a knowledgeable and experienced bankruptcy attorney to discuss your specific situation and whether your home can be protected if you file a Chapter 7.  The attorney will analyze your specific situation, which protections your qualify for, and discuss all your options with you.

I read that a Chapter 7 remains on your credit report for 10 years.  Does this mean I won’t have credit for 10 years?

No!  A lot of our clients start receiving credit card offers shortly after their discharge.  It is possible to rebuild credit after a bankruptcy.  It will not be a quick process, but it will not be a 10 year process either.  Most mortgage lenders will consider a person for home loan qualifications approximately 4-5 years after discharge.  For vehicle loans that timeline is shorter.  This of course depends on how responsibly you rebuild your credit and what your income will be at the time you are ready for vehicle or mortgage loans.

 

 

DISCLAIMER: THE INFORMATION PROVIDED IN THIS FAQ SECTION AND ON ALL PORTIONS OF OUR WEBSITE IS STRICTLY FOR INFORMATIONAL/EDUCATIONAL PURPOSES AND DOES NOT CONSTITUTE LEGAL ADVICE.  NO CLIENT/ATTORNEY RELATIONSHIP IS FORMED BY YOUR VIEWING OF THE CONTENT ON THIS SITE.  WE ARE A DEBT RELIEF AGENCY.