The experienced, friendly attorneys at Kostopoulos Bankruptcy Law are here to help you with Chapter 7 and Chapter 13 bankruptcy filings. Let us help protect you from repossession or foreclosure, defend you from wage garnishment, and provide you with intelligent loan modification services.
While Chapter 7 (liquidation) bankruptcy totally wipes away various types of debt, including credit card bills, you will likely have to liquidate certain nonessential assets, like a recreational boat, for instance.
Chapter 13 bankruptcy allows you to stop the foreclosure process on your assets, including your automobile or home. This type of financial restructuring allows you up to five years to get current on overdue bills.
If you’re facing foreclosure on your home or other asset, or if a lender is threatening repossession, it’s a good move to sit down with one of our financial experts and discuss your best options for the future.
If you are granted Chapter 13 bankruptcy, and get behind on your scheduled repayments, or if you have another type of outstanding loan that’s overdue, it may be possible to modify your payment amount so that it’s not so burdensome.
Our experienced attorneys will help you to be free of income deduction attachments. We help our friends and neighbors in Long Beach, California, to protect their financial stability by providing quick relief from wage garnishment.
The bankruptcy lawyers at Kostopoulos Bankruptcy Law are extremely proficient, and we’re all fully dedicated to providing consistently superior services to our esteemed clients.
Our team of top-rated bankruptcy specialists have many decades of combined experience assisting our clients as they reestablish their financial strength, and thereby rediscover the joy of living.
Kostopoulos’s team understands what it's like to work through financial hardships, and we're here to help with personalized assistance and support. We’ll guide you every step of the way while you build your financial future.
It's good to look at bankruptcy as the beginning of your new financial future. Therefore, it's good to have professional assistance strategizing a detailed plan about how you will work on improving creditworthiness.
If you’re eligible, bankruptcy can provide lawful protection from debt collectors, and instant relief from debts that have been weighing you down for many years.
All Consultations Are Free & Confidential
Fill out the form here or reach our bankruptcy law firm by phone at (877) 969-7482!
Unsecured debts are financial obligations that are not backed up by underlying assets and don’t require collateral. Examples of unsecured debt include student loans, personal loans, medical bills, utility bills, and credit card debt. Because there’s no fundamental collateral backing up this type of debt, it’s not possible for the lender to initiate foreclosure or repossession.
Secure debts are financial obligations that are backed up by collateral, which can be any type of asset, including a car, a home, gold, or cash. If you get behind on your payments for secured obligations, the lender has the right to foreclose on the loan or repossess the property in question.
The United States has federal bankruptcy laws in order to allow individuals and companies fresh starts after they have allowed their credit ratings to become subpar. Bankruptcy can be beneficial by either wiping certain debts completely out, and/or restructuring the payment schedule of other debts to avoid repossession and foreclosure.
A Means Test is a national-level, standardized algorithm used to determine an individual’s eligibility for Chapter 7 bankruptcy. It basically measures the financial strength of your household relative to others within the same demographic constraints. This formula is used to keep high-income people and entities from filing Chapter 7.