Los Angeles Chapter 20 Bankruptcy Attorneys
Quality Debt Relief Services throughout Southern California
There is not actually a Chapter 20 bankruptcy in the bankruptcy code. It is a term used to describe filing for Chapter 7 bankruptcy first and then filing for Chapter 13 bankruptcy — 7 + 13 = 20. While Chapter 20 bankruptcies are not as common as they once were, they can still provide significant benefits to people in certain circumstances. If you are considering filing for bankruptcy and have questions, our Chapter 20 bankruptcy lawyers in Los Angeles are here to help. Resnik Hayes Moradi LLP provides experienced bankruptcy counsel for clients throughout the Los Angeles area.
Call us at (213) 344-0043 for a free consultation with a California bankruptcy lawyer. It could be your first step on the road to debt relief.
How Can Chapter 20 Bankruptcy Help?
The aim of a Chapter 20 bankruptcy is to eliminate as much debt as possible in a Chapter 7 bankruptcy and then restructure remaining debt into a manageable payment plan through Chapter 13. You can even remove liens that were not discharged in a prior bankruptcy.
Chapter 20 bankruptcies can provide multiple layers of debt protection, as there are certain types of debt that can only be discharged in a Chapter 13 case.
Chapter 20 Pitfalls
There are impediments to Chapter 20 bankruptcy, mainly due to the time restrictions for subsequent bankruptcy filings. Bankruptcy law requires that you wait four years after completion of a Chapter 7 bankruptcy before filing for a Chapter 13.
There is also a tendency among judges to view Chapter 20 bankruptcies with skepticism. For a judge to allow subsequent bankruptcy filings, he or she may need to be convinced that you are acting in good faith.
Our attorneys have extensive experience handling both Chapter 7 and Chapter 13 bankruptcies and can help you understand if filing for Chapter 20 is right for you.
To begin with a free initial consultation, contact our firm today. Our offices are open weekdays from 7:00 a.m. to 7:00 p.m., and we serve clients in the Los Angeles area and San Fernando Valley through offices in Sherman Oaks and Los Angeles.
He not only saved my house but also got rid of all my debt. They are not your typical attorneys and their creativity really allowed me to do things that other attorneys never mentioned in previous consults.- David K.
He negotiated on my behalf with a credit card company and was able to settle with them for much lower than I could have on my own.- Kelly S.
I cannot thank them enough for helping save my home. I would recommend them for anyone that is thinking about filing for bankruptcy or foreclosure on their home.- Joseph R.
These are top-notch pros that'll have your back. I cannot recommend them highly enough.- Tim C.
They were thorough, extremely knowledgeable, wonderful to deal with, thoughtful, and really helped guide me through what was one of the toughest times in my life.- Rusty H.