Glendale Bankruptcy Attorney

Is Bankruptcy Right For Me?

It is hard to say whether or not declaring bankruptcy is the right decision for an individual without knowing the circumstances surrounding that individual's financial hardships. This being said, if you are seriously considering bankruptcy as an option, your financial situation may already be in a compromised situation. Bankruptcy was designed for individuals who have taken on more debt than they can possibly be expected to pay back while still keeping food on the table and a roof over his or her head. In this sense, declaring bankruptcy provides an individual with a fresh start. If you would like to find out whether declaring bankruptcy is right for you, you should speak to a Glendale bankruptcy attorney today.

Different situations call for different forms of bankruptcy. While declaring Chapter 7 bankruptcy may be a good idea for individuals in extreme financial distress, some individuals may not qualify. Chapter 7 bankruptcy is often referred to as "clean slate" bankruptcy. Individual's whose income is nowhere close to covering debt repayments can file Chapter 7 to eliminate these debts completely by turning over all non-exempt property. Most individuals do not qualify for Chapter 7 and must declare a Chapter 13 bankruptcy. Chapter 13 reorganizes an individual's debt so that he or she can still repay some portion of the debt.

Bankruptcy Lawyer Serving Montrose and La Crescenta

No matter what your situation may be, if you are thinking about declaring bankruptcy it is absolutely essential that you speak to a knowledgeable bankruptcy attorney to determine if bankruptcy is the right option for you. At the Law Offices of Khachik Akhkashian, our attorneys are well versed in the circumstances and situations that necessitate a declaration of bankruptcy. We can assess your financial situation and discuss the best options available given your unique situation. Call our firm today to take an active role in your financial future.

Contact a Glendale bankruptcy attorney to learn if bankruptcy is the right option for you.