Chapter 7 Bankruptcy Attorney in San Fernando
Why Choose RHM LAW LLP as Your Chapter 7 Attorney?
Choosing the right legal partner is essential for a successful bankruptcy process. At RHM LAW LLP, we bring over 20 years of experience helping clients in San Fernando and beyond. We offer personalized guidance tailored to your unique situation, focusing on a stress-free filing process.
What sets us apart is our commitment to accessibility. We offer same-day consultations in English, Spanish, and Farsi, ensuring everyone gets the assistance they need. By selecting us, you're not only hiring a Chapter 7 lawyer; you're gaining a reliable partner to help you navigate bankruptcy with confidence.
Our track record includes over 7,500 successfully filed or overseen bankruptcy actions, demonstrating our profound understanding and proficiency in the field. We understand the fear and uncertainty that financial troubles bring, which is why our approach combines empathy with strategic planning to help you achieve a fresh start quickly and efficiently.
If you are considering which Chapter 7 attorney in San Fernando to work with, here are a few reasons clients choose RHM LAW LLP:
- Decades of experience: Our team has served San Fernando and greater Los Angeles for over 20 years, assisting thousands of individuals and small businesses facing bankruptcy.
- Personalized support and accessibility: We offer consultations in English, Spanish, and Farsi, and provide same-day appointments to ensure you get timely help.
- Comprehensive guidance: We handle not just Chapter 7 cases, but also related bankruptcy matters, including Chapter 11, Chapter 13, IRS tax relief, and medical bill relief.
- Empathetic legal counsel: We understand the emotional strain of financial hardship and approach each case with compassion and confidentiality.
- Proven results: Having filed or overseen over 7,500 bankruptcy cases, we have the experience to handle complex and straightforward cases alike.
Connect with an experienced Chapter 7 bankruptcy lawyer in San Fernando as soon as possible. Dial (213) 344-0043 or submit an online form.
What Is Chapter 7 Bankruptcy?
Understanding Chapter 7 bankruptcy is essential if you are facing mounting debt and seeking relief:
- Clear unsecured debts: Chapter 7 bankruptcy allows most individuals to discharge debts like credit cards, medical bills, and unsecured loans.
- Liquidation process: The court may require sale of certain non-exempt assets, but many filers in California can keep most or all of their property under state exemptions.
- Legal protection: Filing triggers an automatic stay, which stops most legal actions, collections, and creditor harassment during the process.
- Shorter timelines: Most Chapter 7 cases resolve within three to six months, helping clients begin rebuilding sooner.
Filing for Chapter 7 bankruptcy can be a step toward regaining financial stability. In San Fernando, this process allows individuals to discharge most of their unsecured debts and start anew. Our team at RHM LAW LLP understands the intricacies of bankruptcy laws in California and is dedicated to guiding you through each step of the process.
Chapter 7 bankruptcy is often referred to as "liquidation bankruptcy." It involves selling non-exempt assets to pay off creditors. However, many individuals find that most of their personal property is considered exempt. Navigating exemptions can be complicated, but having a well-informed Chapter 7 bankruptcy attorney in San Fernando by your side ensures you're well-positioned to retain essential assets.
The choice to file for Chapter 7 should be considered carefully, as it carries long-lasting implications. Our Chapter 7 attorneys help clients evaluate their financial situation comprehensively, determining if filing is the most beneficial path. Factors like income, asset value, and existing financial obligations are meticulously reviewed to provide tailored advice, ensuring the decision aligns with clients' long-term financial goals.
Steps Involved in Chapter 7 Bankruptcy
Every Chapter 7 bankruptcy lawyer at our firm understands that the process involves crucial legal steps:
- Step 1: Credit counseling: Before filing, you must complete a credit counseling session with an approved agency to evaluate whether bankruptcy is the right choice. This session will provide an in-depth look at your financial situation and potential alternatives.
- Step 2: Gathering financial information: Documentation such as proof of income, debts, and assets is crucial for an accurate petition. Our seasoned Chapter 7 bankruptcy lawyers in San Fernando can help organize these details efficiently.
- Step 3: Filing the bankruptcy petition: Once prepared, the bankruptcy petition is filed with the local court. This legal document requires accuracy, as it serves as the foundational record for the entire process. Proper filing initiates an automatic stay, which halts creditor actions such as wage garnishment or foreclosure, offering immediate relief to those in financial distress.
Filing for Chapter 7 Bankruptcy in San Fernando
California's unique regulations can influence your bankruptcy outcome. San Fernando residents should be aware of specific exemptions and laws that protect certain assets. Understanding these exemptions can significantly affect the assets you retain post-bankruptcy.
Working with a chapter 7 bankruptcy attorney in San Fernando may provide advantages regarding asset protection, exemptions, and navigating local courts:
- Homestead exemption: California allows a primary residence exemption, which can protect significant equity in a San Fernando home, subject to the limits set by state law.
- Personal property exemptions: The law protects necessary belongings, such as household items, vehicles up to a certain value, and retirement accounts.
- Means test guidance: The state’s means test compares your household income to the California median to determine eligibility, and your attorney helps you document and present this information accurately.
- Local court procedures: San Fernando residents typically file through the United States Bankruptcy Court for the Central District of California, which handles all bankruptcy matters for the region.
Some exemptions include homestead exemptions for primary residences and personal property exemptions for necessary belongings. Having a proficient Chapter 7 bankruptcy attorney on your side ensures these laws are applied correctly to your case, maximizing your benefits under California bankruptcy law.
Understanding the impact of California's means test is critical. This test assesses your income against the state median to determine your qualification for Chapter 7. Our skilled attorneys provide guidance through this complex calculation, ensuring compliance and the best results based on your unique financial landscape.
Understanding the Role of the Chapter 7 Bankruptcy Trustee
When you file for Chapter 7 bankruptcy in San Fernando, your case will be assigned to a bankruptcy trustee who manages essential parts of the legal process. The trustee’s job is to review your paperwork, confirm the accuracy of your financial disclosures, and handle the distribution of any non-exempt assets to creditors. This position is overseen by the United States Trustee Program, and specific trustees are often familiar with the U.S. Bankruptcy Court for the Central District of California, which serves San Fernando and surrounding areas.
The trustee conducts what is known as the 341 meeting of creditors, where you — along with your Chapter 7 bankruptcy lawyer — answer questions under oath about your finances. The trustee will verify your assets, review your claimed exemptions, and seek clarification on anything unclear in your documents. If you are working with an experienced Chapter 7 attorney, they will prepare you for this meeting and help ensure the process goes smoothly.
Here are some ways your Chapter 7 lawyer and trustee interact during your case:
- Preparing and presenting documents as required by the trustee
- Clarifying details and answering questions during the 341 meeting
- Guiding you if there are objections or disputes around your exemptions
Every bankruptcy trustee must operate according to federal rules and California state laws. By working with a local attorney familiar with the practices of the Central District of California, you can approach the process with greater confidence and minimize stress at every step. Speak with a qualified Chapter 7 bankruptcy lawyer in San Fernando as soon as possible.
Get comprehensive legal guidance from a Chapter 7 bankruptcy lawyer you can trust at RHM LAW LLP. Call (213) 344-0043 or contact us promptly to schedule your consultation.
Frequently Asked Questions About Chapter 7
What Debts Are Dischargeable Under Chapter 7?
Chapter 7 bankruptcy can discharge various types of unsecured debts, providing a fresh financial start. Common dischargeable debts include credit card balances, medical bills, and personal loans. However, some debts, like student loans and child support obligations, typically cannot be discharged. Discuss your specific debts with a Chapter 7 bankruptcy attorney at our firm to understand the relief available to you.
How Does Chapter 7 Bankruptcy Affect My Credit Score?
While filing for Chapter 7 will impact your credit score, many find their credit rebounds quickly post-bankruptcy. This relief offers a path to rebuilding a stronger financial foundation. A Chapter 7 bankruptcy attorney from our team provides insights on managing your credit post-bankruptcy to expedite your financial recovery.
It's best to understand that the effect on your credit is often proportional to your financial situation before filing. For many, the discharge of debts provides an opportunity to start fresh, often resulting in a credit score improvement once a responsible financial routine is established. Our legal guidance extends to helping you rebuild your credit effectively after the process is complete.
Take Action and Secure Your Financial Future
Regaining control over your financial future begins with informed legal action. Schedule a risk-free consultation with a professional Chapter 7 attorney right away. At RHM LAW LLP, we are committed to guiding you towards a brighter, debt-free future.
Contact us at (213) 344-0043 to discuss how we can assist you on your path to financial recovery. Our compassionate and knowledgeable team looks forward to helping you navigate this challenging time with confidence. Speak with a Chapter 7 bankruptcy lawyer now.
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
-
Lesley Davis | Senior Associate Attorney Senior Associate Attorney
Client Reviews
What Clients Say About Working With Us
Serving Encino, CA Since 2018
-
"As the dank blanket of economic uncertainty continues to depress the hopes of many of us, I keep your business cards and number available for others."This is to thank you for the exceptional work of you and your fine staff. In managing my bankruptcy and loan modification, a nearly five-year effort, your performance was stellar. I never felt alone or adrift, key concerns in those circumstances. The outcome was outstanding. As the dank blanket of economic uncertainty continues to depress the hopes of many of us, I keep your business cards and number available for others. Without hyperbole, I can attest that you are present a beacon. Thank you so much.- K.C.
-
"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."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 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."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.
-
"Matt and his staff conducted themselves with professionalism throughout the whole ordeal."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.
-
"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."Matt and his team are the best!! 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. I never felt judged or looked down on. They were efficient and really were lifesavers during this tough time. I can not recommend them highly enough!!!!- Rusty H.
-
"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."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 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.
-
"These are top-notch pros that'll have your back. I cannot recommend them highly enough."Where to begin? I had a vile evil credit union repo my car over a misunderstanding, they wouldn't work with me even when I offered full payment plus repo fees (this was my first repo!) so I didn't know what to do. I met with a few lawyers but when I met with Simon he broke things down and gave me my options. I needed a car - so I filed BK and included the car to get it back. The evil credit union fought and Simon GOT ME MY CAR BACK!!! His team is amazing!!!! Maria Donna etc!!! These are top-notch pros that'll have your back. I cannot recommend them highly enough. Sincerely they saved my life. LA with no car!? ARGH!!!!!! *THANX ALL!!!!- Tim C.
-
"Was very impressed with the comprehensive professionalism of the firm..."
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
-
A Summary of Bankruptcy Law: Third Edition
-
Summary of Chapter 13
