Woodland Hills, CA Bankruptcy Chapter 7 Attorneys

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Woodland Hills, CA Bankruptcy Chapter 7 Attorneys

Attorneys (2)

  • Larry D. Simons
  • Principal at Law Offices of Larry D. Simons
  • Woodland Hills, CA U.S.A.
    • Peer Reviews

      4.8/5.0 (6)
    •  
    • Peer Reviews

      4.8/5.0 (6)
    •  
  • Michael Harvey Raichelson
  • Member at The Law Offices of Michael H. Raichelson
  • Woodland Hills, CA U.S.A.
    • Peer Reviews

      4.9/5.0 (11)
    • Awards
      A Martindale-Hubbell Peer rating reflects a combination of achieving a Very High General Ethical Standards rating and a Legal Ability Numerical rating.  
    • Peer Reviews

      4.9/5.0 (11)
    • Awards
      A Martindale-Hubbell Peer rating reflects a combination of achieving a Very High General Ethical Standards rating and a Legal Ability Numerical rating.  

Bankruptcy Chapter 7 in Woodland Hills, CA

Chapter 7 bankruptcy, also known as "liquidation," is the most common form of personal bankruptcy used by individuals and married couples. Chapter 7 allows eligible debtors to surrender certain "non-exempt property" to the bankruptcy trustee assigned to oversee their case. Those assets are then sold, or liquidated, and the proceeds are used to pay creditors. Any remaining debt is discharged, or erased. Chapter 7 eligibility requirements vary from state to state, so people considering Chapter 7 are advised to hire a consumer bankruptcy attorney or law firm that has experience representing Chapter 7 filers.