16633 Ventura Blvd.
Encino CA 91436
Yes, free initial consultation
Fixed low fees for Chapter 7, Chapter 13 and debt negotiation. Payment plans available.
9 a.m. - 6 p.m. Weekend and evening available
Laura Castellon; Managing Attorney -- James Beirne
At the California Center for Bankruptcy Law we have a goal to make sure every client gets specific, individualized attention from attorney and staff alike.
For over 20 years we have given competent, timely advise to our over 5,000 clients. After reviewing your financial situation including debts, income, assets and goal we will offer you a course of action. If we believe that a fresh start in bankruptcy is the best solution then we will get you through the process as painlessly as possible.
EXAMPLE: CHAPTER 7 Client has $35,000 in credit card debt, $4,300 a month in income and a car payment of $507 for the next 48 months. Client has outstanding IRS debt of $12,000 from 2009 taxes that were filed on time. Client has one dependent. Client has $3,500 in the bank, an IRA of $28,000, and a 401k at work worth $30,000. In Chapter 7 the client gets to keep all of his exempt assets and the assets above would be exempt in California. Client would discharge the credit card debt and the amount owing the IRS. Client would continue to make payments on the car if they wanted to keep the car or would merely turn the car over to the dealer with no deficiency owed.
CHOREOGRAPHY -- Once you file for bankruptcy protection, then there is meeting with the chapter 7 trustee who asks about assets and liabilities. Then the clerk of the court waits 60 days and can then send the client a discharge of their debts.
EXAMPLE CHAPTER 13---Client is 4 months behind on mortgage payments and has received a NOD (notice of default). Client has $45,000 in credit card debt. Also, client has a three year old car worth $10,000 but still owes $15,000 in car payments. The current car payment is $456/month and the current mortgage payment is $1,855. Depending on income, the client could clean up their finances with a Chapter 13 plan of reorganization. They could payoff the car for as little as $166/month and pay the mortgage arrears with a payment of $123-$206 per month depending on the length of the Chapter 13 plan. So, for less than the current car payment they could pay off the arrears on the mortgage and payoff the car and discharge $45,000 in credit card debt. Chapter 13 is a very powerful tool.
Also, if you are underwater on your first mortgage, but have a 2nd mortgage or a HELOC, then you can "strip off" that lien. That mean that the 2nd mortgage/HELOC goes away at the end of your Chapter 13 plan.
James Beirne of the California Center for Bankruptcy Law has over 20 years experience in consumer bankruptcy protection.
James Beirne belongs to the National Association of Consumer Bankruptcy Attorneys (NACBA).
James Beirne is a Charter Member of the Central District Consumer Bankruptcy Attorneys Association.
Our firm has received commendations from the United States Bankruptcy Court for its work on the Debtor Assistance Project.
You are going to receive individualized attention from our staff. Your initial meeting will be with an attorney who will listen to your situation and will suggest the best course of action.
At any point in the process you have questions you are encouraged to call our office where an attorney will give you the answers you need.
Don't be a number. Get individual plan and advise.
We are here to help you discover a new financial freedom.
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