How to go about Bankruptcy in the Los Angeles area

Filing for bankruptcy is something that no one likes to do, however there are legalities which are involved with bankruptcy, and a lot of legal details that need to be taken care of. At Mitchell Reed Sussman & Associates people will find the perfect and most painless experience possible to their financial troubles.

With a wealth of experience in the field of real estate bankruptcy, Mitchell Reed Sussman & Associates is well equipped to not only provide you with the best legal advice but also with the best options and solutions available.

Some of the common features that are a part of the services that are entailed here are answers to frequently asked questions as mentioned below.


Means test:


For anyone who is interested in filing a chapter 7 or 13 persons are required to file a means test which would determine if the applicant is eligible to file or not. This would include your income for the last 6 months, regardless of whether the applicant’s income has increased or decreased in the last 6 months.


Retainer


The Mitchell Reed Sussman & Associates has a standardized retainer fee which is mentioned in the agreement for bankruptcy files. This is available on the website on the page bankruptcy in a section called retainer. According the website the information that people require is mentioned in read more section. Here people will find not only the retainer amount but also other important information related to other services related to bankruptcy as well.

In addition to this there are numerous other questions that people have when it comes to bankruptcy, these are related to losing their homes, other mortgages that they have currently and a whole lot of other information that they would like to know about how bankruptcy works.

Los Angeles Real Estate Attorney has years of experience in dealing with issues such as these and a lot more. We are more than well equipped to ensure that all our clients get the very best support that they would require, and in addition to this the very best solutions that are available for them.

This is one of the reasons that Mitchell Reed Sussman & Associates is one of the leading law firms in the Los Angeles area who provide home owners with solutions that meet their requirements and needs.

For those that have questions and concerns regarding bankruptcy and all the legalities which are involved, we suggest that you contact us directly for the best resolution to your predicament.


Can I Eliminate My Second Mortgage in Bankruptcy?


The current financial crisis, brought on by the collapse of the housing market has more and more people looking for solutions to their “under water” property. An “under water” property is one in which the debt on the property is greater than the value. Today, millions of homeowner are now upside-down or “under water” on their home mortgage and they are looking for a way out.




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