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Bankruptcy Lawyer Local to Thousand Oaks
Katz Law Bankruptcy Lawyers is a law firm that assists individuals (and often businesses) file for bankruptcy protection. We help individuals that are local to Thousand Oaks get rid of the debts using the bankruptcy process. Our Thousand Oaks Bankruptcy Lawyers have helped countless Thousand Oaks residents with bankruptcy services, and eliminated millions of dollars of debts on behalf of our clients. If you are struggling with debt, and live in Thousand Oaks or anywhere nearby, contact our Thousand Oaks Bankruptcy Lawyers. We have multiple offices in the San Fernando Valley and will be happy to discuss your specific case with you over the phone.
What Type of Bankruptcy is Available to you?
There are several types of bankruptcies available to individuals, but the most common ones are Chapter 7, Chapter 13 and Chapter 11 cases. Most individuals in Thousand Oaks and in other parts of the country often choose to file under Chapter 7. Chapter 7 is the most popular type of bankruptcy, so long as you can qualify for it.
Chapter 7 bankruptcy is a liquidation bankruptcy, which involves the liquidation of any assets owned by debtors to pay their creditors. Thereafter, most debts are wiped out in a legal proceeding conducted under the Federal U.S. Bankruptcy Court. On the other hand, Chapter 13 bankruptcy is a reorganization bankruptcy. If you own a home in Thousand Oaks and are behind on your mortgage, then you may need to consider a Chapter 13 bankruptcy.
What Kinds of Debts Can Be Eliminated in Bankruptcy?
Bankruptcy often discharges debts such as credit card bills, medical bills, personal loans, delinquent utility bills, old tax debt, most judgements, and deficiencies on repossessed vehicles. Some debts may not be wiped out, such as a mortgage, alimony, child support, or some tax debt.
The filing of any bankruptcy case results in an automatic stay that prevents all attempts to enforce a debt owed. The main goal of every bankruptcy is to obtain a “discharge,” which allows individuals to obtain a “fresh start” and eliminate some or all debts.
How Long Does a Bankruptcy Case Take?
The time that a bankruptcy case lasts varies with the type of bankruptcy that one qualifies for, and decides to file. Chapter 7 can take approximately 4 months, while a Chapter 13 can take anywhere from 3 to 5 years. On the other hand, a Chapter 11 bankruptcy case can take even longer than that until it is completely done-with.
What is the Cost of Bankruptcy in Thousand Oaks?
The cost of bankruptcy varies with the type of bankruptcy that one qualifies for, and decides to file. Chapter 7bankruptcy is lower in cost, in comparison to a Chapter 11 or a Chapter 13. However, each case is different, and we do not believe in "one size fits all" when it comes to bankruptcy cases. While we are not the cheapest among Thousand Oaks Bankruptcy Lawyers, our prices are extremely reasonable given that all work on your case will be completed by a licensed attorney, and will not be outsourced (like many other "low-cost" firms do). When it comes to lawyers (especially those that help you at a difficult time in your life), don't go for the cheapest, go for the best.
How to Contact a Thousand Oaks Bankruptcy Lawyer?
If you reside in Thousand Oaks, or anywhere else in the San Fernando Valley, you should contact your loca bankruptcy attorneys at Katz Law Bankruptcy Lawyers. We have handled thousands of bankruptcy cases, and will be happy to provide you a free 15-minute no-obligation consultation. To Learn more, call us at 310-444-9444, or fill out the form below!
Our Thousand Oaks Bankruptcy Lawyers are ready to answer your questions.
Call us at (310) 444-9444
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