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Los Angeles Bankruptcy Attorneys & Lawyers
Chapter 7 Bankruptcy
Chapter 7
The most common form of bankruptcy. This form of bankruptcy is a liquidation proceeding in which the debtor's non-exempt assets, if any, are sold by the Chapter 7 trustee and the proceeds distributed to creditors according to the priorities among creditors established in the Code.
This is available to individuals, married couples, corporations and partnerships.
If there are assets which are not exempt, the trustee takes control of those assets, sells them and pays creditors as much as the proceeds permit.
Any wages the debtor earns after the case is begun are the debtor's, beyond the reach of creditors who had claims on the date of filing.
Contact Us Today to discuss your Chapter 7 Bankruptcy
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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Los Angeles Lawyers & Attorneys at Law - Southern California Law Firm
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© Los Angeles Law Firm - Attorneys at Law
The information on this Los Angeles Law Firm website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship. The Law Offices of Burt & Akhkashian and the Law Offices of Diamond & Associates are two different and unrelated entities. As such both offices are independant of one another and an attorney-client relationship only exists with one entity and NOT the former law firm of Diamond,Burt & Akhkashian.
This attorneys handle cases such as: Los Angeles Family Law, Bankruptcy Litigation, Los Angeles Criminal Defense, Driving Under the Influence, Immigration Law, Education Law, Personal Injury, Business and Corporate Law, Real Estate Law, Restraining Orders, General Litigation & Law Enforcement in Los Angeles & Southern California.
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Burt & Akhkashian: 1055 Wilshire Boulevard
Suite 1996
Los Angeles, California 90017
Diamond & Associates: 3055 Wilshire Boulevard
Suite 1200
Los Angeles, California 90010
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