Understanding Mandatory Disclosure
Information Your Los Angeles Bankruptcy Attorney Must Tell You
Congress requires all bankruptcy attorneys to provide certain information to individuals, business owners, and corporations considering filing bankruptcy. At Resnik Hayes Moradi LLP, we thoroughly understand and comply with all bankruptcy laws. Below is an overview of some mandatory disclosures.
Contact our bankruptcy lawyers in Los Angeles today to get started.
Bankruptcy Relief Basics
Bankruptcy is a legal way for individuals and businesses to avoid paying their debts. The Bankruptcy Code is divided into chapters, with the most common being Chapter 7 and Chapter 13. In Chapter 7 bankruptcy, all or nearly all your debt is discharged, while in Chapter 13, you repay a portion of your debt over a period of time. Chapters 11 and 12 are also available.
Once you file bankruptcy, an automatic stay generally goes into effect. This means most lawsuits, foreclosures, repossessions, evictions, garnishments and creditor harassment must stop immediately.
Credit counseling is a mandatory part of filing bankruptcy. You must complete one course prior to filing bankruptcy and another after filing. The credit counselor must be approved by the Office of the U.S. Trustee.
You Are Not Required to Hire an Attorney
To pursue bankruptcy relief, you may file on your own, hire an attorney to represent you or seek the assistance of a bankruptcy preparer who is not a lawyer. By law, an attorney or bankruptcy preparer must provide a written document specifying what services he or she will provide and how much his or her services will cost you.
For More Information, Visit Our Offices for a Free Initial Consultation
For a more detailed explanation of the mandatory bankruptcy disclosures, please schedule a free consultation with our Los Angeles bankruptcy lawyers. We welcome the opportunity to explain the bankruptcy process and answer any questions you may have.
From our offices in Los Angeles and Sherman Oaks, we represent clients throughout Southern California. We meet with clients between 7:00 a.m. to 7:00 p.m., Monday through Friday. Weekend appointments are also available. Se habla español.
Schedule your free consultation with our firm when you call us at (213) 344-0043 today.
Resnik Hayes Moradi LLP
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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.
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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.
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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.
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These are top-notch pros that'll have your back. I cannot recommend them highly enough.
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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.
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We Wrote the Book on Bankruptcy
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Committed to making the process as stress-free as possible for our clients, our Los Angeles bankruptcy attorneys and dedicated staff will handle everything for you. From filling out paperwork through getting end results, we will work to help your case run smoothly and efficiently. We serve our clients in English, Spanish, and Farsi.
