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Chapter 7 Bankruptcy

• Stop Creditor Calls
• Stop: Foreclosure\Garnishment\Collection
• Get your Finances back
• Eliminate Despair

CDA Law Center is dedicated to helping our clients during difficult financial times. We provide effective, affordable, knowledgeable, and prompt legal bankruptcy representation for individuals and bankruptcy for small businesses. Every client is treated with courtesy and is guaranteed effective representation. Our expertise and integrity has earned us a reputation as a premier bankruptcy law firm.

What is Chapter 7?
Chapter 7 provides for the “liquidation,” or sale, of a debtor’s nonexempt property and the distribution of the proceeds to creditors. Property subject to the liquidation sale depends on the type (i.e., secured or unsecured asset) and value of the property coupled with the exemptions that are allowed for that property under the US Bankruptcy Code and California exemption laws. Our goal, and in nearly all cases, we protect or exempt all your property while discharging most, or all, of your debts.

Automatic Stay – Stop Creditors, Repossession, Foreclosure, and Garnishments
The most powerful tool in bankruptcy is the Automatic Stay, effective immediately upon your filing with the Court. The Automatic Stay prohibits actions against you and will stop: harassing collection calls, wage garnishment, pending lawsuits, foreclosures, and repossessions.

Bankruptcy Means Test
The means test requires you compare your average income during the six months prior to the bankruptcy filing to the state median. If your income is above this state median, you may still be eligible to file for Chapter 7 bankruptcy. In some high income cases your other option may be Chapter 13 for re-payment of some or all of your debt.
 
Bankruptcy can seem overwhelming, but it’s actually just the opposite. When you eliminate debt through bankruptcy, you simplify your life. No more sleepless nights, no more harassing phone calls, no more unpaid bills. Just a fresh financial start.

You Have Options; Contact us to learn more\Meet Our Bankruptcy Lawyer
To speak with a knowledgeable and professional lawyer about Chapter 7 bankruptcy, home foreclosure, or other debt-related matter, please contact CDA for a free consultation.

Chapter 13 Bankruptcy

Restructure & Repay Debt – Simplify Your Finances

It’s not too late to get back on track! Chapter 13 bankruptcy can stop foreclosure of your house, repossession of your car, garnishment of your wages, and protect your assets. It’s a re-payment plan to “reorganize” your finances.
The repayment plan gives you the opportunity to gradually structure creditors to the terms of the bankruptcy court order.

Chapter 13 bankruptcy can:  
1) Stop Foreclosure & force your mortgage company to accept payments,
2) Remove\Strip “wholly unsecured” junior liens\2nd’s\HELOC’s
3) Reorganize, Consolidate, and possibly discharge some, or all, debts

Stop Foreclosure  - Chapter 13 Bankruptcy

Chapter 13 can stop foreclosure proceedings and cure delinquent mortgage payments over time, but, one must still make all timely mortgage payments during the chapter 13. Another advantage of Chapter 13 is rescheduling secured debts (ie., car, furniture, equipment loans) to lower the payments. Chapter 13 also protects third parties who are liable as a co-debtor or co-signers. Finally, Chapter 13 acts like a consolidation loan under which the individual makes the plan payments to a chapter 13 trustee who then distributes payments to creditors. There is no direct contact with creditors while under Chapter 13 protection.

You Have Options – We Can Help

Bankruptcy might seem overwhelming, but in fact, it’s just the opposite. When you eliminate debt through Chapter 13, you simplify your life. Don’t wait until it’s too late, or your options become more limited.

Debt Negotiation
Lawyers Providing Options You Need
Bankruptcy is not for everyone. Negotiating with creditors may be a better alternative to dealing with overwhelming debt. Many who do not qualify for bankruptcy feel and think there is no other way for them to ever get out of debt.  If this is you, we are here to help. We provide our clients with options, including debt settlement and negotiation.

Many people are surprised to find out how willing creditors are to negotiate. When it comes to discussing your prospective bankruptcy with our office (likely Nothing), OR getting a negotiated portion of something, creditors are often willing to accept Something.

Significant non-exempt assets, Too much or Too little income, a prior case, or any other timeline issue or personal or financial reluctance to filing bankruptcy, leaves debt settlement as a strong option to resolve your financial problems. After assessing your case, you decide your best interests.

Experience Counts (and Saves $$)
Experienced third-party debt negotiation leverages your finances, abilities and personal debt resolution desires in getting a far better deal with a creditor than you could get for yourself. Use our industry insider experience to your advantage and be assured you got the best terms. Even experienced negotiators know the advantage of specialized industry assistance and the benefit of having an independent third party serve as your advocate.

It is important for any individual considering negotiating with a creditor to seek legal advice.  Professional negotiating makes a difference.

We are dedicated to helping our clients during difficult financial times. We provide effective, affordable, knowledgeable, and prompt legal representation for individuals and small businesses. Every client is treated with courtesy and is guaranteed effective representation. Our expertise and integrity has earned us a reputation as a premier debt relief law firm.

Contact Us to Learn More About Debt Negotiation and Debt Settlement
To find out how a debt settlement plan may help to make monthly payments more affordable, discharge or lower debt, and offer an alternative to filing bankruptcy, please contact us for more information or to schedule an initial free consultation.

Debt Relief Legal Services
Attorneys Helping You Get Out of Debt
Economic issues continue to affect Americans like never before. Are you "underwater" on your home mortgage? Do you owe more for your car than your vehicle is worth? Are credit card companies, collection agencies, medical bill collectors calling. If you are feeling ashamed about the financial situation you’re in — it may be time to try something different.
We are dedicated to helping our client’s during difficult financial times.  We provide effective, affordable, knowledgeable, and prompt legal representation for individuals and small businesses.  Every client is treated with courtesy and is guaranteed effective representation. Our expertise and integrity has earned us a reputation as a premier debt settlement law firm.

You have Options When it Comes to Debt Relief
Explore all your options before making important decisions about your personal finances. We are here to inform you of the advantages and disadvantages of the choices, and when you make a decision, our experienced staff will guide you through every step of the process. Our practice includes:

• Home Loan Mortgage Modification
• Chapter 7 Bankruptcy
• Chapter 13 Bankruptcy
• Chapter 11 Bankruptcy (may be required for Million Dollar+ loan balances)
• Credit Card Relief
• Debt Settlement and Debt Consolidation
• Lien Stripping (2nd’s, HELOC’s, Junior T.D.’s)

We will work to address your questions and concerns in detail. You then make the most educated and knowledgeable decisions for your specific situation. Our goal is to help you find relief from your debts, efficiently and affordably.
At CDA Law Center, we can help. We know how to quickly end harassment from creditors and we can help you start a fresh financial future while allowing you to retain possession of assets by utilizing the bankruptcy exemptions. Where bankruptcy isn’t right for you, we also offer experienced debt relief services tailored to help your individual situation.

Contact Us for a Free, Confidential Consultation. No Commitment is Required
We are experienced and knowledgeable California debt relief lawyers and we are just a phone call away. We will do everything we can to make you well-informed on all of your options and the pros and cons of each. Our consumer debt relief services provide you with several options for dealing with your debt, and we are here to help you through every step of the way.  

Bankruptcy and Your House
Home Mortgages, Equity, and the Law
If you are facing a foreclosure proceeding because of skyrocketing mortgage payments, a job layoff, or unmanageable debt, you want a law firm able to offer knowledgeable counsel and insight regarding options to resolve your problems. CDA Law Center understands your needs when you are facing foreclosure; we work closely with you so that you can make informed decisions that are in your best interests.

What is Foreclosure?
Foreclosure is the legal action taken by your lender to take possession of your home for non-payment of your mortgage loan. When you are unable to make your mortgage payments on time, you are legally in default of your mortgage contract. Under the terms of that contract, in default, the lender may foreclose on any property that secures a mortgage.

Options in Foreclosure
One of the biggest bankruptcy myths is that you will lose your house, but, in general, if you continue or can again start making the payments plus arrears, you can keep the house.
Loan modification can also avoid foreclosure of your home.  A loan modification is a change to the loan terms that is agreed between the lender and the homeowner.  The lender can modify the existing loan to make the loan more affordable.  Our firm includes experienced attorneys and staff dedicated to helping you get the relief you need with the goal of modifying your existing mortgage loan so you are able to stay in your home.

We are committed to getting you debt relief and providing you with valuable information, services and advice for your better financial future. We know you have many questions and concerns. Our job is to give you the facts and sound legal guidance based on our years of experience in helping clients like you get out from under crushing debt.

Don’t wait until it’s too late
The sooner you contact us, the sooner you can act upon your Options & begin re-building your finances.

Bankruptcy and Your Vehicle
Whether you are facing overwhelming debt, collection calls, foreclosure notices, wage garnishments, repossession of your car, or other financial hardships, it is a relief to know that bankruptcy laws are designed to help you. Depending on your situation and the types of debts involved, bankruptcy can be a possible solution that will give you a "fresh start" and eliminate the debt that is causing financial stress on you, your family, or your business.

Can I Keep My Car?
In most cases the answer is, Yes. Most people owe more on their car than what the car is worth, especially if you bought it new with a small down payment. Where there is no equity in the car, the trustee will not take your car and sell it. If you owe less on your car than it is worth, we can generally protect most of the equity using exemptions.
The thought of losing your car to creditors or to the bankruptcy court can be terrifying. Luckily, bankruptcy laws are designed to protect your car and help you clear your auto loan debt. How bankruptcy works for you depends on the type of bankruptcy you file, and your car situation.

Timing is Important; Take Action Now to Stop a Pending Repossession
The most powerful rule in bankruptcy is the Automatic Stay, which goes into effect immediately upon filing a bankruptcy case with the court. The automatic stay is designed to stop pending repossession— Chapter 7 exemptions may protect your car from a forced sale and Chapter 13 usually allows you to catch up on car loan debt.
To stop repossession from happening, you may reaffirm your auto loan debt with the same creditor. You may also keep the car through a process known as redemption.  Redemption is essentially a refinancing based on the current value of the car, as opposed to the amount that is owed to the initial lender. The remainder of what had been owed to the initial lender is then discharged in the bankruptcy. You have options.
Each bankruptcy case is different and no two situations are the same, so the decision whether to keep or return a vehicle must be made on a case-by-case basis.

Free, Confidential Consultation About Your Situation
If you’re struggling with debt problems and would like to know more about bankruptcy and how we can help you, please call us.

Bankruptcy and Medical Bills
Medical bills associated with medical procedures, surgery or ongoing medical care can have a serious effect upon your finances. If your economic situation has worsened significantly because of medical bills and you are wondering how to make ends meet, we can help you get a fresh start.

In today’s economy people think that most of those who file bankruptcy did so because they got way over their heads in credit card debt; however, research shows the truth is much more surprising. Medical expenses are one of the leading causes for bankruptcy filings in the United States. Catastrophic injuries, serious illnesses and life-saving operations can cause extreme financial hardship. If you are among those struggling to keep up with hospital bills and other treatment-related costs, you need and deserve help.

You Have Options When it Comes to Dealing with Medical Bills
While many doctors understand their patients’ financial situation, hospitals and their collection companies are typically more aggressive with their collections efforts, making it important to consider your options for clearing away your medical debt.

One option is to file bankruptcy for the simple reason that the medical collection industry is less compromising to work out reasonable payment plans for those who cannot pay the debt off quickly. If you qualify for Chapter 7 bankruptcy protection, it might be possible to discharge your medical debts. If not, you still have options. Debts can be reorganized into an affordable payment plan by filing for Chapter 13.

We work hard to assist individuals and families who are struggling with expensive medical bills. Having an accident or getting sick shouldn’t cause you to lose your home, car, or spend the rest of your life living in medical debt. You can count on us to provide you with quality personal service and solutions that work for your family.

Stop Harassing Phone Calls
We stop creditor harassment. Intimidating phone calls and threatening letters from medical creditors or collection agencies must stop once you file for bankruptcy. In your time of need, you can rely on us to be there for you. We are committed to helping you resolve your financial problems and getting you through the bankruptcy process as quickly and painlessly as possible.

Small Business Bankruptcy Lawyers
If your small business is facing increasing debt due to reduced sales, sluggish economy, or other circumstances, we can assist you. Business debt can cause enormous strain on both the business and the business owner’s personal life. We can help by offering effective, affordable, knowledgeable, and prompt legal bankruptcy representation for businesses and individuals. In fact, our attorneys are also small business owners combining their business experience with their legal expertise to give you the best advice possible.
As an entrepreneur and small business owner, we understand bankruptcy is something you have avoided, but the benefits usually outweigh the costs, and can be the most effective tool for protecting your business and personal assets. Unfortunately, many business owners wait too long to develop such an asset management plan thereby depleting much of their personal wealth to support the declining business. Don’t get caught in this situation, call us today.

Small Businesses – How to Obtain Debt Relief
The entity may be a corporation (C-corporation, S-corporation, closely-held corporation), limited liability company, partnership, joint venture, or simple a “dba” / sole proprietorship. Depending on the type of business entity, debt relief may be sought by the business, business owner, officers\directors or partners by personally filing for Chapter 7 or Chapter 13 bankruptcy.
We are skilled in advising small businesses, such as:

• Family owned businesses or closely held businesses
• Limited Liability Companies (LLC) or partnerships
• Sole proprietorships
• Corporations (all types)

For small and medium sized entities, debt relief may be sought by the business owner personally filing for bankruptcy, where there is not a distinction between the business and the debtor. As experienced bankruptcy lawyers, we will assist business owners in correctly filing a chapter 7 or chapter 13 bankruptcy so that they are able to get a fresh start. However, if the business is incorporated, the corporation itself may need to seek reorganization under ch. 11.

Chapter 11 –vs- Chapter 7
If the business is a corporation, limited liability company, or partnership, then you have two bankruptcy choices depending on the future of the business. Chapter 11 allows a business to remain operating by reorganizing the business’ debt and negotiating with the business’ creditors. Chapter 7 is more applicable when a business has or intends to stop operating.

Contact Us
You may be dealing with business loans, long-term leases, payroll and tax problems or personal guarantees on business debts. We map out a strategy to either keep your business open or close it with the least impact to all concerned.

Credit Cards & Unsecured Credit Lines
Have your credit card debts become so high they prevent you from paying other bills? Are the late fees and interest charges alone beyond your ability to pay? What may have begun as a way of making ends meet has resulted in maxed-out credit cards and several thousands of dollars worth of debt. You make monthly payments but soon realize the debt continues to increase and wonder what can be done about it.

We have helped numerous persons obtain credit card relief and gain a fresh start in life. Through bankruptcy or debt negotiation, you can eliminate or reduce your credit card debts. The extra money available after filing or settling enables you to pay your important debts such as your mortgage, monthly rent, or car payment. Together, we can take charge of your debts and put an end to the harassment you and your family may be experiencing.

Stop the Collection Calls – What Happens When Bankruptcy is Filed
Upon filing for bankruptcy, an automatic stay is placed on any collections or foreclosure actions on the part of all creditors. Instead, all contact regarding your debt must go through our office. Put an end to the stress and worry – contact us today to schedule a free consultation to learn how we can help you.

After you file for bankruptcy, a creditor will receive notice of the filing. This notice informs the creditor when an automatic stay went into effect when you filed the bankruptcy petition. This means your creditors are prohibited (by Federal Court Order with steep fines for creditor violations) from taking any action to collect a debt or affecting your assets during the time that the stay is in place. These prohibited actions include:

• Calling you at home or work
• Continuing to mail threatening letters\bills
• Foreclosing Homes or Repossessing Vehicles
• Wage Garnishment or Levying Bank Accounts

You have rights and options. Do not let creditor and collection agency harassment continue while a solution is readily available. Talk with us today.

Complete Counsel – From Filing to Discharge
Our firm will handle all legal aspects of your bankruptcy, or debt settlement, from beginning to end. When creditors call, you can refer them to us – and they must stop calling you.

Rebuild Your Credit

Get Help and Take the Right First Steps

With the volume of bankruptcy’s filed recently, the stigma of bankruptcy has been considerably reduced. While a bankruptcy remains on your credit record for 10 years, you can take steps to reestablish your credit the day your debts are discharged. Employed Chapter 7 and Chapter 13 bankruptcy clients can usually finance an automobile soon after receiving a discharge.

Making the decision to file bankruptcy can be difficult. You may be able to eliminate debt, but you might also wonder if your can ever rebuild your credit. We will provide the support you need to resolve your debt and rebuild your credit as soon as possible.

What can I do to rebuild my credit?
Start with correcting and cleaning your credit report. Then, build credit by adding positive information to your record. Here are a few suggestions:
If your credit report is missing accounts you pay on time, send the credit bureaus a recent account statement of the current account and copies of canceled checks showing your payment history. Ask that these be added to your report. The credit bureau doesn’t have to add this information, but often will.

Creditors like to see evidence of stability, so if any of the following information is not in your report, send it to the bureaus and ask that it be added: your current employment, your previous employment (especially if you’ve been at your current job fewer than two years), your current residence, your telephone number (especially if it’s unlisted), your date of birth, and your checking account number. Again, the credit bureau doesn’t have to add this informtion, but often will at your request.

It is very important for consumers who have filed a bankruptcy to make all post-filing payments on existing accounts timely. This is the fastest and most effective way to rebuilding credit, and often times your credit score will recover from the bankruptcy in as little as 18 months with regular, on-time payments. Many clients also take out new, small credit accounts shortly after discharge (paying regularly) to assist in re-building.

Abogados del Condado de Ventura Ayudar a proteger sus derechos

En las asesorías jurídicas de las Rounds y Sutter, somos una firma de abogados de los consumidores dedicada a la protección de los consumidores y defender enérgicamente los derechos de nuestros clientes. Ofrecemos alta calidad representación legal con una práctica que está diseñado para atender a sus necesidades individuales. Nuestros abogados son abogados experimentados, que entienden la vida en el Condado de Ventura y lo que es importante para usted y su familia.
Nuestra oficina se especializa en: declaraciones de quiebra, la negociación de un arreglo de sus deudas, lo asista en la defensa de los litigios y la defensa de recogida que contra la ejecución hipotecaria.
Sabemos que usted tiene preocupaciones financieras inmediatas, pero cuando usted está considerando la bancarrota, es importante mantener un ojo en el cuadro grande. Desde la prevención de ejecución hipotecaria a reconstruir su crédito, le ayudaremos a comprender las opciones de su bancarrota:

• Capítulo 7
• Capítulo 11
• Capítulo 13
• Quiebra y Su Casa
• Quiebras y su vehículo
• Quiebras y Cuentas Médicas
• Quiebra de Pequeños Negocios
• Tarjeta de crédito del Socorro
• Negociación de deudas

Estamos dedicados a ayudar a nuestros clientes durante momentos financieros difíciles. Ofrecemos eficaces, asequibles y con conocimientos, y del sistema de representación legal para individuos y pequeñas empresas. Cada cliente es tratado con cortesía y se garantiza una representación efectiva. Nuestra experiencia y la integridad nos ha ganado una reputación como un bufete de abogados de la deuda principal de socorro.

Póngase en contacto con un abogado para informarse sobre sus opciones

Contáctenos hoy en 877-499-4435 para programar una consulta inicial gratuita. Aprende a buscar el alivio de la deuda que hemos encontrado para nuestros muchos clientes en el condado de Ventura y el sur de California. Su primera consulta es sin costo para usted, y toda la información es confidencial. Nos podemos encontrar en nuestras oficinas o Ventura Westlake Village.