How to Apply for Bankruptcy

The decision to apply for bankruptcy can be a difficult one, but it can also lead to positive results for people seeking to reduce or eliminate their debts. There are many resources online but it can become overwhelming.  Bankruptcy is complicated and the bankruptcy court encourages individuals to seek legal advise.

Most people file bankruptcy once in their life. Spending hours to learn how to file bankruptcy is not economical and is not worth the risk of making a mistake. Speaking with a bankruptcy attorney is the fastest way to get the information you need without any commitment. let us surprise you on how friendly and affordable filing bankruptcy can be.

Our office provides free in person or over the phone information with no obligation. Call us with your questions. We are always willing to discuss your options without any pressure to retain our services.

Call us at 818 409 8911 and ask to speak with me, Roland Kedikian, or simply fill out the form on this page and we can begin to connect by email.

Bankruptcy Application Steps

In brief, bankruptcy is a legal process administered through the court system. The Bankruptcy Code controls the process but specific states set the amount of assets that can be exempted.

The first major decision is determining which type of bankruptcy is best for you. There are two types of personal bankruptcy, Chapter 7 and Chapter 13.

Chapter 7 may help filers discharge some or all of their unsecured debts, while Chapter 13 can help filers who wish to hold on to valuable property, such as a car or house, through the bankruptcy process.

The second step is to determine if you qualify for chapter 7 or chapter 13. Different chapters provide protection to assets that you may want to keep. A bankruptcy attorney can help you decide which chapter, if any, is best for you. Be prepared to answer some basic questions: 1) How much is the total amount of debt that you owe, 2) Your income level and 3) basic assets that you have.

Call our office, we are ready to provide the answers you need. We will also quote you how much it will cost to file your bankruptcy.