Helpful Legal Information and Tips on consumer debt and Chapter 7 bankruptcy

Chapter 7 Bankruptcy - Royzman Law Firm - Los Angeles Bankruptcy Attorney Natella Royzman

How to Discharge Debt through a Chapter 7 Bankruptcy

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If you are a California resident in a financial bind, you may be considering bankruptcy and wondering how to discharge debt.  With a few exceptions, Chapter 7 bankruptcy allows you to discharge your unsecured debt and get a fresh start on your financial life.  When you receive a Chapter 7 bankruptcy discharge of debt, you are no longer legally obligated to pay any of the discharged debt.  In other words, all of the unsecured debt is completely wiped out.

To …

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California Bankruptcy Exemptions - Royzman Law Firm - Los Angeles Bankruptcy Attorney Natella Royzman

California Bankruptcy Exemptions

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Can I Keep My Property If I File for Chapter 7 Bankruptcy?

This is a question asked most often by people considering Chapter 7 bankruptcy.

As we mentioned in How to Discharge Debt through a Chapter 7 Bankruptcy, Chapter 7 bankruptcy is the most straightforward chapter in which general unsecured debts that you can’t pay back are discharged, or wiped out, and you get a chance to start over debt free.

California Bankruptcy Exemptions - Royzman Law Firm - Los Angeles Bankruptcy Attorney Natella RoyzmanThis seems too good to be true …

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Chapter 7 Trustee - Royzman Law Firm - Los Angeles Bankruptcy Attorney Natella Royzman

Understanding Role of Trustee in Bankruptcy

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If you are considering filing for Chapter 7 bankruptcy, you should know and understand all parties involved and their parts in the process.

What is the role of Trustee in bankruptcy?

It’s important to understand a trustee’s role and what he or she may be looking for in order to best present information in your bankruptcy schedules and prevent delay, additional investigation, or even a lawsuit in your case.  Of course, an experienced bankruptcy attorney will guide you, but it’s good to …

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Chapter 7 Bankruptcy - Royzman Law Firm - Los Angeles Bankruptcy Attorney Natella Royzman

Chapter 7 Bankruptcy Filing Fee

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In order to file for Chapter 7 bankruptcy in California, you must pay a filing fee and costs associated with credit counseling.

Here’s the rundown of what you must pay:

Fees to File a Bankruptcy Petition

Adversary proceedings in bankruptcy – increase from $293.00 to $350.00

Chapter 7 Bankruptcy Filing Fee – increase from $306.00 to $335.00 ($29.00 increase)

Chapter 13 Bankruptcy Filing Fee – increase from $281.00 to $310.00

Chapter 11 Bankruptcy Filing Fee – increase from $1,213.00 to $1,717.00

(Effective …

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You Are NOT A Failure! Debt Resolution - Royzman Law Firm - Los Angeles Bankruptcy Attorney Natella Royzman

You Are NOT A Failure!

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You Are NOT A Failure! — because finding solutions is NOT failing.

One thing that’s certain in life is that we all make mistakes. Keep in mind that it’s how you deal with mistakes that determine whether or not you are a failure.

Our clients often say, “I can’t believe I’m filing bankruptcy.  I feel like such a failure.”

Debt Resolution - Royzman Law Firm - Los Angeles Bankruptcy Attorney Natella Royzman

Truth is that having the courage to confront and seek solutions to your problems is the opposite of failure.

We can’t stress this enough:…

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Royzman Law Firm - Los Angeles Bankruptcy Attorney Natella Royzman

Bankruptcy 101 (Part 3)

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Bankruptcy 101 Royzman Law Firm - Los Angeles Bankruptcy Attorney Natella RoyzmanWelcome to Part 3 of Bankruptcy 101!

Los Angeles Bankruptcy Attorney Natella Royzman discusses how bankruptcy can bring fresh new opportunities to those seeking relief, and dispels common misconceptions surrounding bankruptcy.

[In Part 1 of Bankruptcy 101, Ms. Royzman shares how to discharge your debt through different bankruptcy chapters.]  

[In Part 2 of Bankruptcy 101, Ms. Royzman explains how bankruptcy is a powerful legal solution to your debt problems.]

Click below to listen to Part 3 of Bankruptcy 101 in which Ms. Royzman explains what life after

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Royzman Law Firm Fresh Start

Bankruptcy 101 (Part 2)

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Bankruptcy 101 Royzman Law Firm - Los Angeles Bankruptcy Attorney Natella RoyzmanIn Part 2 of Bankruptcy 101, Los Angeles Bankruptcy Lawyer Natella Royzman explains:

Benefits of Bankruptcy

Common Myths about Bankruptcy

Effects of Bankruptcy on Your Credit

[In Part 1 of Bankruptcy 101, Ms. Royzman goes over how to discharge your debt through different bankruptcy chapters.]

[In Part 3 of Bankruptcy 101, Ms. Royzman discusses how bankruptcy can bring fresh new opportunities to those seeking relief.]

Click below to listen to Part 2 of Bankruptcy 101 in which Ms. Royzman goes over how

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Bankruptcy 101

Bankruptcy 101 (Part 1)

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Los Angeles Bankruptcy Attorney Natella Royzman discusses:call toni logo

Bankruptcy 101: the Purpose of Bankruptcy

Different Types of Bankruptcy

What It Means to Get a Discharge

 

Click below to listen to Part 1 of Bankruptcy 101 in which Ms. Royzman shares Bankruptcy 101 tips on how to discharge your debt and the various ways to handle your debt.

[In Part 2 and Part 3 of Bankruptcy 101, Ms. Royzman explains the effect of bankruptcy on your credit and dispels common misconceptions surrounding bankruptcy.]

Royzman Law Firm - Los Angeles Bankruptcy Attorney Natella Royzman

If you are considering …

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California Bankruptcy Exemptions Increase

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Good news for Californians considering bankruptcy!

The California Assembly Bill 929 took effect on January 1, 2013. The new bill increases California Bankruptcy Exemptions, and helps people keep more property when filing for bankruptcy in California.

If you’re considering bankruptcy, it’s important to understand the purpose of California Bankruptcy Exemptions.

In Chapter 7 bankruptcy, bankruptcy exemptions determine what property you get to keep, i.e. your home, car, or personal belongings.

If property is exempt, you may keep it

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Royzman Law Firm - Los Angeles Bankruptcy Attorney Natella Royzman

Los Angeles Bankruptcy Attorney Radio Feature

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Los Angeles Bankruptcy Attorney Natella Royzman was featured on Call Toni Real Estate Radio, a Los Angeles-based radio program on KTLK AM 1150, to share her experience within bankruptcy law.

Royzman Law Firm focuses on all aspects of bankruptcy, including how to discharge debt.

Click on the MP3 player to hear Ms. Royzman on “Debunking Bankruptcy Myths“:  Royzman Law Firm - Los Angeles Bankruptcy Attorney Natella Royzman

Three Most Common Bankruptcy Chapters:

Chapter 7: Basic liquidation bankruptcy (simplest, most commonly filed)

Chapter 11: Most complicated type of bankruptcy. Available to …

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