Los Angeles Bankruptcy Lawyer
Few things are worse than going through financial stress. In addition to the anxiety that comes from not being able to pay the bills, you may be receiving calls from debt collectors or the bank. It is understandable that one may feel like they have no options when facing such a situation. The truth of the matter, however, is that the law gives people and businesses the opportunity for a “fresh start” through bankruptcy. Obtaining this financial reset, however, depends on making sure that your matter is handled correctly. I am a Los Angeles bankruptcy lawyer assisting California residents with cases involving a wide range of situations. I represent those filing bankruptcy (debtors) and those who are affected by a bankruptcy filing (creditors). I am a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization and I pride myself on providing quality service. Contact my office today to speak with an attorney.
California Bankruptcy Lawyer Assisting Los Angeles and Burbank Residents and Businesses with Chapters 7, 11, and 13
There are a wide range of situations which can result in the need to file bankruptcy. These can include the need to discharge credit card debt, the need to get rid of medical bills, stopping foreclosure sales and wage garnishments, and more. Fortunately, Chapter 7 and Chapter 13 of the US bankruptcy code allows an individual to eliminate debts, or otherwise restructure their finances, so that life can become more manageable. Whether you file Chapter 7 or 13 will depend on your passage of the bankruptcy means test as well as other factors. An experienced attorney can assist you with making sure these tests are done correctly and make sure you can discharge or restructure as much of your debt as possible. While an individual may file their own case, it is important to remember that this is a complicated area of law and having legal representation helps to ensure that your case is handled correctly.
California businesses have struggled with a large number of issues over the years. It is understandable that small businesses have struggled and that the owners may now be behind on their bills. I assist those who are sole proprietors, the owners of an LLC, or the owners of corporations, with the filing of Chapter 11 bankruptcy. This can assist with the restructuring of business debt through bankruptcy. Importantly, a company can continue to operate while it is going through this process. Chapter 11 can help to keep your creditors at bay while you reorganize your operations. It is important that you have a representative who is competent to assist you. I practice no area of law other than bankruptcy and I have extensive experience in helping businesses. Contact my office today to speak with a Los Angeles attorney.
For corporate businesses and individuals with very high debt, Chapter 11 is an option to keep the business going and reduce or control payment to creditors, as well as getting out of burdensome contracts and leases. And, the new “Subchapter V” of Chapter 11 allows an easier path to get a repayment plan approved. Chapter 11 is more involved than the other Chapters and requires significant legal expertise to be successful.
My name is Mark Markus and I am a California bankruptcy lawyer assisting individuals and businesses in Los Angeles, Burbank, and elsewhere. I have practiced exclusively bankruptcy law since 1991. My initial consultations are used to gain an understanding of your situation and to help you fully understand your options. This will include assisting you in determining and explaining which chapter best fits your situation, which bankruptcy exemptions are available to protect your assets, as well as explaining what you should expect from the entire process. After your case is filed, I will attend the required meeting with the Trustee in your case and ensure that your rights are protected against any claims of creditors. The bankruptcy process can help to reduce or eliminate credit card debt, stop foreclosures, and stop wage garnishments. I will be in regular contact with you as the case moves forward. Contact us online today to schedule an initial consultation.
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Our firm serves all cities and counties in California, including counties of Los Angeles, Orange, Santa Barbara, San Diego, Riverside, Fresno, Sacramento, San Bernardino, Ventura, San Luis Obispo, Tulare, Contra Costa, Shasta, Marin, Alameda, Kern, and San Francisco and cities including Burbank, Glendale, Sylmar, Panorama City, Simi Valley, San Fernando Valley, Irvine, Santa Clarita, Oxnard, Huntington Beach, Ontario, Rancho Cucamonga, Corona, Torrance, Agoura, Long Beach, San Fernando, Van Nuys, Sherman Oaks, North Hollywood, Anaheim, Hollywood, Riverside, San Bernardino, Lancaster, Palmdale, Pasadena, and many more.
Los Angeles Attorney Protecting Rights of Creditors in Bankruptcy Cases
On the other side of bankruptcy are creditors, those who are owed money by someone who files a bankruptcy case. Creditors have rights in bankruptcy just like the debtors who file the case do. And they can run into problems for being paid by a debtor near in time to filing of a bankruptcy case. Ensuring that you maximize recovery on your claim is important in cases where there are nonexempt assets or a payment plan being made. And for creditors secured by property, you may need to pursue action on the property if your lien is not being treated properly in the bankruptcy case. You may also find yourself on the annoying end of a lawsuit from a bankruptcy trustee seeking to recover money paid to you in the preference period before a bankruptcy case is filed. These all require knowledgeable counsel to represent you and protect your rights. I have assisted creditors in doing that for over 30 years. Be sure to contact us to learn your rights.