Personal Bancruptcy

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Bancruptcy comes in two varieties: personal bancruptcy and business bancruptcy. A personal bancruptcy -- also called Consumer Bancruptcy -- is the right to discharge a debt by an individual or a married couple. This is usually what people think of when they hear about filing bancruptcy.

The business bancruptcy is what a major corporation or business will file when they want to file bancruptcy. This type of filing is usually a Chapter 11 bancruptcy. These are very complex cases, and often to go to a bancruptcy attorney who specializes in this specific subcategory.

While you could file personal bancruptcy on your own, you really are better of using the services of a bancruptcy attorney. A lawyer who does nothing but bancruptcy can spot ways to help you save property using California exemptions, and will battle the creditors who fight your attempts to make them go away. A good bancruptcy attorney can help you save thousands of dollars. We're Los Angeles attorneys (serving San Fernando Valley, Santa Clarita and Antelope Valley / Lancaster), and will be more than happy if you chose to contact us.

If you're an individual and feel that there is no way out of your debt troubles, because you are facing losing your house and want to stop forclosure, wage garnishment or just want to stop the creditor harrassment, you'll want to learn more about Chapter 7 bancruptcy or bancruptcy Chapter 13.