General Info:
Do you know how your financial health is? Simply answer the following questions to evaluate your financial health and to see where are you standing now and where is you heading to? (1) Have you lost your job recently? (2) Is your income moderate to low? (3) Are you unable to pay Medical Bills? (4) Are the Credit Card Companies and the Collectors calling you? (5) Do you have significant amount of debt? If you answered "Yes" to any question above and You do not have any no substantial personal and or real property, then Indulge yourself to a fresh start. At Los Angeles Bankruptcy Chapter 7 we provide you with an Affordable, Reliable, Fast, Personal Service for your Individual or Couple Bankruptcy Chapter 7 Voluntary Petition for as low as $750.00* This rate is for up to 35 Individual's Unsecured Creditor, Unsecured Debt, and it Does Not includes Real Estate Property. Additional fees that you have to consider in paying for your Bankruptcy petition are as follows: - Credit Check Report; - Federal Bankruptcy Court Filing Fee, (Fee Waiver will be provided to you if you qualify) - Debtor's Certification of Completion of Pre and Post-Petition Instructional Course Concerning Personal Financial Management. (We can guide you to obtain the mandatory Certificates by yourself) - Bankruptcy Myths - Does Filing for bankruptcy mean 7 to 10 years of bad credit?
Not Really after Discharge of your Bankruptcy Chapter 7 Voluntary Petition, you can recover good credit in about two years. Credit card companies usually offer you new credit cards right after the bankruptcy is over, as they know first of all that you have little to no financial obligation and second you cannot file for another Bankruptcy for sometimes and last but not least that you are motivated to rebuild your credit. By building your credit again and with a verifiable income you will also Qualifying for a mortgage about three years after bankruptcy. But then again remember that not all unsecured debt categories are dis-chargeable in Voluntary Petition in Bankruptcy Chapter 7 some examples are as follows: (1) Child support payments, (2) Alimony, (3) Injury settlements as a result of drunk driving, and (4) Student loan payments. And, what if I have a house or what will happen to my new car that I am making a payment on it ? In Reality it is up to you that if you first really can afford it or second if you really want to keep it. To keep your secured property after bankruptcy discharge, you must make some type of arrangement with your lender. Many debtors simply continue making payments on a car or home as if the bankruptcy never happened, thereby reaffirming the debt. If you have the available cash, you can also purchase the property from the lender for the secured amount of the debt, a process known as redemption. If you do nothing, and do not keep up with the payments then the lender can legally repossess your car or foreclose on your home, even after your bankruptcy discharge.