Woodland Hills Chapter 7 Bankruptcy Attorney
Find a Fresh Financial Start in San Fernando Valley
If you are struggling to pay your bills, you may be wondering if filing for bankruptcy is the right option for you. While bankruptcy has a negative stigma, it is not a bad thing, and it is not something that should be avoided. In fact, filing for bankruptcy can be the best thing for you and your family.
At The Law Offices of Oscar R. Swinton, we help individuals throughout Southern California file for Chapter 7 bankruptcy to help them get out of debt and regain control of their finances. We have helped thousands of clients across San Fernando Valley secure debt relief, end creditor harassment, and gain a fresh financial future.
Contact us today to schedule your free initial consultation with our Woodland Hills Chapter 7 bankruptcy lawyer. We offer flexible payment plans for your convenience. Also serving clients in Santa Clarita & Palmdale!
What Is Chapter 7 Bankruptcy?
Chapter 7, also known as liquidation bankruptcy, is a common form of bankruptcy that allows individuals to eliminate unsecured debt, or debts that are not backed by collateral, such as a car loan, a personal loan, or a credit card. If you file for Chapter 7, you can eliminate your unsecured debt through a process called debt discharge, yet retain your secured car loan through a process called reaffirmation.
Debt discharge means that you will no longer be responsible for paying back any unsecured debt. This can be a huge relief for those who are struggling to make payments. If you file for Chapter 7 bankruptcy, you can eliminate your unsecured debt, including, but not limited to:
- Credit card debt
- Personal loans
- Judgment Liens
- Medical bills
- Utility bills
What Is Debt Discharge?
Debt discharge is the process of eliminating your unsecured debt. When you file for Chapter 7 bankruptcy, the court will appoint a bankruptcy trustee to oversee your case. The trustee will be responsible for managing your estate, which includes all of your property except for your primary residence. The trustee will sell any property you designate as non-exempt and use the proceeds to pay back your creditors.
You do not have to worry about losing your house, as it is protected from creditors. The rest of your unsecured debt will be discharged, which means that you will no longer be responsible for paying it back.
How Can The Law Offices of Oscar R. Swinton Help You?
If you are considering filing for Chapter 7 bankruptcy, you may be worried about how it will affect your finances, losing your home, or negatively impacting your credit score. The Law Offices of Oscar R. Swinton can help you understand your rights and guide you through the bankruptcy process to get the debt relief you need.
Call (818) 423-5254 to learn more about your rights and options. Schedule your free consultation with our Woodland Hills Chapter 7 bankruptcy lawyer today.