
How Bankruptcy Can Affect Your Assets
Learn More from Our Los Angeles Bankruptcy Lawyers
If you are considering filing bankruptcy, you may be concerned about how your assets will be affected. It stands to reason that since you have worked hard to purchase your home, build your retirement plan, buy your car or acquire personal assets, you want to protect your property. It may help to know that in many cases, petitioners are able to retain much, if not all, of their assets.
At RHM LAW LLP, our bankruptcy attorneys will take the time to explain how your property will be impacted by a bankruptcy filing. Call (213) 344-0043 to schedule a consultation.
Los Angeles Bankruptcy Law Firm
We have helped countless clients in Southern California:
- Protect their assets
- Avoid home foreclosure
- Remove second or third mortgages
- Stop car repossession
- Handle their international assets
We will thoroughly evaluate your situation and advise you regarding the best way to protect your property.
Chapter 7 Bankruptcy
In Chapter 7 bankruptcy, most of your unsecured debts are discharged. In exchange, property not exempt under the Bankruptcy Code is liquidated. The proceeds will be used to pay your creditors. However, it is important to understand that much of your property is exempt. As your lawyers, we will explain and work to maximize your exemptions.
Chapter 13 Bankruptcy
In Chapter 13 bankruptcy, your property is not liquidated. Your unsecured debts are rolled into a monthly payment based on your ability to pay. Your home, car and other property will remain untouched, provided you can maintain the regular payments.
Learn More During a Free Consultation
For more information about how to protect your property in bankruptcy, speak with the professionals at RHM LAW LLP. Call us at (213) 344-0043 or contact us online to arrange a complimentary consultation.
Se habla español and payment plans are available.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

RHM LAW LLP
Meet Our Los Angeles Bankruptcy Specialists
-
M. Jonathan Hayes Senior Counsel
-
Matt D. Resnik | Partner Partner
-
Roksana D. Moradi-Brovia | Partner Partner
-
Russell J. Stong III | Associate Attorney Senior Associate Attorney, Los Angeles Office
-
W. Sloan Youkstetter | Associate Attorney Senior Associate Attorney, Los Angeles Office
-
David M. Kritzer Senior Associate Attorney, Encino Office

Client Reviews
What Clients Say About Working With Us
-
I worked with Matt and his team for about a year to get through the paperwork shuffle and my personal experience was nothing short of fantastic. Legal situations have a tendency to get hairy, but Matt and his staff conducted themselves with professionalism throughout the whole ordeal. To keep it short, let's just say he under-promised and over-delivered. Rarely would I ever say this about an attorney, but overall he was just a great guy. I would not hesitate to have him on my side of the courtroom again. World market is right across the street from his office and I even decided to get his staff a thank you / holiday gift card. World market has excellent craft beer BTW, try the Einstock White Ale. They also validate parking. That just shows this isn't a fake review.- Dean C.
-
Was very impressed with the comprehensive professionalism of the firm, especially Matthew Resnik... I had suffered through the incompetence of two previous bk lawyers not to mention fees far greater than anticipated, without resolution. Having never gone through bk before, I did not realize how difficult it could be...then, my case was turned over to Mr. Resnik...almost immediately there was a marked positive difference. Where there was little to no communication, all of a sudden I am getting updates...regularly. Further, my case was finally discharged...yet, Mr. Resnik continues to communicate, offer assistance...and, has NEVER asked for additional fees, which I am sure he could have justified...much unlike the two previous attorneys with which I was dealing. I have no reservations, whatsoever, referring and recommending Matthew Resnik for any and all business or personal bk issues...or, other wise. I have no doubt that he will be transparent on helping you regardless of the problem. Good guy.. good firm... a wonderful experience!
- G.L -
Fantastic office! I want to thank Matt for taking his time with me and sincere in his assistance. He spent over an hour with me for free during our initial consult. I left knowing exactly what's needed. 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. Affordable and Outstanding firm and thank you for all you have done! My family thanks you!- David K.
-
I worked with David Kritzer at this firm, and he was great. 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 thanks to his knowledge and expertise in the field. If you have a debtor on your back go to him to get it taken care of.- Kelly S.
-
I filed bankruptcy with this firm 3 years ago and found that they are professional, friendly, and compassionate. I also met with their loan modification department. Unfortunately, they were unable to help because of the type of loan that I have. I really appreciated that they did not lie, waste my time, or take my money in an attempt to modify a loan that was not doable. I've since used their firm for a couple of minor issues and found all of the attorneys to be knowledgeable and considerate. Attorneys Simon and Resnik are amazing!- Shannon J.
-
Dear Mr. Resnik: We wanted to thank you for your professional handling of our loan modification with GMAC mortgage. We are very happy that you were able to accomplish the modification of our loan in such a short period of time. Thank you again for your professional service.
- W and B Mejia -
Matt is the best bankruptcy attorney in Sherman Oaks. I consulted with Matt over a chapter 7 bankruptcy. I had issues with overwhelming credit card debt after Chase increased it's APR for no reason. It set off a chain of events that were really hurting me. He made me feel like I had options, all was not lost, and I could rebuild my credit after the 7. I had some concerns about a piece of property I was having issues with and Matt also turned out to be a real estate lawyer as well! I recommend this office to anyone who is unsure of their financial situation. It doesn't hurt to find out your options.- Max B.
-
Thank you for your great work on behalf of Ms. Johnson. Without the support of pro bono attorneys we couldn't do all the work we need to do, and your firm in particular is outstanding.
- Skip K. -
I needed a bankruptcy attorney in Sherman Oaks and found Matt Resnik on Google. He has one of the best-reviewed bankruptcy law firms on Yelp so I decided to check it out his law firm for myself. I quickly found out that they are foreclosure specialists and they could help me with my issue. They made the process very easy for me and laid out my options for me. 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. They are the best bankruptcy law firm in Sherman Oaks.- Joseph R.

-
A Summary of Bankruptcy Law: Third Edition
-
Summary of Chapter 13