The Law Office of Andrew S. Cho is here to help with all your bankruptcy problems. Trust our team to work hard for you.
Serving Los Angeles, Orange, Riverside, And San Bernardino Counties
Welcome to The Law Office of Andrew S. Cho, your trusted partner in navigating the complexities of bankruptcy law in California. Our dedicated team specializes in providing expert guidance and personalized service to individuals and businesses facing financial distress. With years of experience and a deep understanding of the legal landscape, we are committed to helping you find the best path forward. Whether you're considering filing for bankruptcy or need assistance with debt relief options, we're here to offer compassionate support and sound legal advice every step of the way. Let us help you regain control of your financial future.
Federal bankruptcy law allows a person to discharge certain debts by filing a case in bankruptcy court, turning over all nonexempt property over to a trustee. We make sure you get a discharge on all your debts but also keep all exempt real estate and personal property.
The discharge is a federal court order releasing you from all your dischargeable debts and orders creditors to stop collecting. You are released from your debts and do not have to pay them. Some debts are not dischargeable. We make sure you can get rid of all your debts and can let you know in a free consultation whether your debts can be discharged.
Everyone is eligible for a Chapter 7 discharge except the following persons:
Any person, regardless of citizenship, who resides in, who does business in, or who has property in the United States may file under Chapter 7, except a person who has been involved in another bankruptcy case that was dismissed within the last 180 days on certain grounds.
It may not be wise, however, for a debtor to file under Chapter 7 if he is not eligible for a Chapter 7 discharge or if some of his debts will not be released by a Chapter 7 discharge. In these cases, we can assist you with collection litigation defense, strategic default, debt settlement and/or other asset protection strategies.
Filing a Chapter 7 case automatically stops most lawsuits. After filing, the court mails a notice to all creditors and lawyers ordering them to stop any further action against you. We can notify creditors and their lawyers immediately upon filing if necessary. Intentionally violating this court order may entitle you to damages.
Under California law, certain property is exempt and cannot be taken by creditors or by bankruptcy trustees. If you are current on mortgage payments, you can keep your home if the unmortgaged exempt equity is less than $700,000 if you live in Los Angeles or Orange County.
About a month after filing a Chapter 7 case, there is a hearing called the “meeting of creditors” that is held via Zoom or telephone. It lasts about 3-5 minutes and you will testify under penalty of perjury about your income, property, debts and financial affairs in the past four years before filing.
If you have no assets for the trustee to collect, your case will be closed shortly after you receive your discharge which is about four months after the filing date.
We perform the following in a Chapter 7 case in a typical consumer case:
Filing Chapter 7 or Chapter 13 Eliminates:
In most cases, bankruptcy exemptions allow you to keep all of the following:
Take advantage of 25 years of legal experience. English, Spanish, Korean languages available. We can help you resolve your financial problems with or without bankruptcy. Find out all options that are available to you. Schedule your free consultation.
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505 N. Euclid Street, Suite 560
Anaheim, CA 92801
M - F 10AM - 5PM
TEL: (714) 881-0009
FAX: (714) 882-6915