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Increased debt due to business closure, sickness or other situations can cause many families to consider bankruptcy. Last year over one million individuals and businesses decided there was no other way out of their own , and began considering bankruptcy. While many Southern Californians have a general idea of what may happen, it is very important to have advicefrom a Los Angeles bankruptcy attorney when filing.
In California, not all debts are subject to such discharge. Bankruptcy does not clear you from the responsibility of child support, alimony, some back taxes and student loans. In addition, if you have purchased what are considered "luxury goods" valued more than $550 within 90 days of filing, then you may be forced to pay that debt.
California also may require payment for fines or penalties of government agencies, some cash advances more than $825 within 70 days of filing, or any fraudulent debts. Bankruptcy rules and regulations were made somewhat more harsh with the Bankruptcy Abuse Prevention and Consumer Protection act of 2005, but many families can still make a decision between Chapter 7 bankruptcy, or Chapter 13 bankruptcy.
For many families these are not familiar processes, and discover that retaining an Los Angeles Bankruptcy Attorney is not only useful but essential. Choosing a bankruptcy lawyer, however, can only add to the stress levels. A person who has never been through this procedure may have no idea where to look or who to select. Lawyers are not inexpensive, and will add to the overall cost at a time when they may not be easily afforded.
When faced with this issue, don't postpone it. Even though it may be an unthinkable task, waiting until the last minute damage. If you have another attorney, ask for his or her suggestions or recommendations, but don't assume them to represent you unless they have extensive knowledge in this type of law. Spending a day or even a few hours in court may give you an idea of what to expect. Then, when you do visit a law office, be sure and ask the right questions.
If you are seeking a Los Angeles Bankruptcy Attorney, feel free to contact the Law Offices of Alon Darvish. Their office is conveniently located in Beverly Hills, California. They are an experienced bankruptcy law firm. They are able to solve your financial troubles. Feel free to contact them at (800)921-6513 or visit their website at www.BankruptcyLALaw.com.
Los Angeles Bankruptcy Attorney
Los Angeles Bankruptcy Attorney Alon Darvish provides Chapter 7 and Chapter 13 bankruptcy assistance to consumers with credit card debt, foreclosures, lawsuits, bank levys, and wage garnishments
