At The Law Office of Henrik Karapetian, APLC, you can entrust Henrik with all of your debt relief and financial services needs. Henrik uses his knowledge and experience to investigate the possibility of filing for bankruptcy protection while doing so at a low-cost price.  If you are in debt and are tired of the phone calls and harassing creditors then bankruptcy could be the answer for you.  Take the opportunity to review your financial circumstances with an attorney to determine whether bankruptcy will help you find financial freedom.

Glendale Bankruptcy Attorney

Our firm would like to help you get the debt relief you need with the assistance of a Glendale bankruptcy attorney. We can help you take control over your investments and finances and be in a much better financial situation. Henrik will focus on your current and past financial circumstances and offer you the best bankruptcy advice with real solutions that help secure a stronger financial future for you and your family. Call The Law Office of Henrik Karapetian, APLC, for a free bankruptcy consultation at 818-476-0092.

Debtor Representation

We have helped many individuals like yourself who are experiencing difficult financial times. We not only help evaluate your options of filing for bankruptcy protection, we provide guidance on the appropriate measures to take to ensure that your bankruptcy case goes smoothly.

What is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is by the far the most common type of bankruptcy and generally solves most, if not all, of your financial problems.  Once you retain an attorney, the phone calls will stop from harassing creditors and your stress levels will dramatically decrease. Rest assured, we will personally assist you in your case every step of the way. We will prepare pre-petition filings and represent you in court through the bankruptcy process.

Chapter 7 bankruptcy, also called “straight” bankruptcy, is designed to give you a fresh start on your finances. It eliminates most types of debt, and in return the bankruptcy trustee sells your nonexempt property in order to provide partial repayment to creditors. Luckily, most people have very little to no property that is not exempt, most Chapter 7 bankruptcy filers end up keeping most, if not all of their property.

Chapter 7 bankruptcy wipes out most types of unsecured debt. Unsecured debts are those debts which are not tied to property such as a like a home or car. Typical unsecured debts eliminated by Chapter 7 bankruptcy include credit card debt, medical bills, and gasoline card debt.

It is important to note, however, that some unsecured debt is nondischargebale in Chapter 7 bankruptcy absent some showing of extreme financial hardship beyond a typical inability to pay debts. These debts are not eliminated. Nondischargeable debts include those for child and spousal support, student loans, certain recent debts, debts incurred on the basis of fraud (such as lying on a credit application), and tax debts first due within the previous three years.

Chapter 7 bankruptcy should be seriously considered when you have mounting debt and your income isn’t enough to cover your expenses. With the enormous interest rates and late fees, Chapter 7 bankruptcy can be right for you and solve many of your financial problems very quickly.

Glendale bankruptcy attorney Henrik Karapetian understands the difficult times that individuals and businesses are facing. We provide competitive, low-cost rates for superior service and legal representation. Contact us to schedule an appointment today and find relief from your financial troubles.