Downey Bankruptcy Attorney - Expert Personal and Corporate Bankruptcy Lawyers serving Downey, California. If you are struggling financially and looking to speak with a Downey bankruptcy attorney, you've come to the right place. We will stop lawsuits, stop garnishments, stop, bank account levies, stop judgments and stop foreclosures. We have 36 locations to meet you in California.
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Toll Free 1(888) 754-9877 Available 7 Days a Week 7am to 9pm 36 LOCATIONS IN CALIFORNIA A bankruptcy is an opportunity to be relieved of constant harassing phone calls from creditors and collection agencies. Consulting with a bankruptcy attorney to see if a bankruptcy might be your best option, to determine if you qualify for relief and which chapter is appropriate based on your particular circumstances is essential. There are many misconceptions regarding bankruptcy. As a consumer or small business owner, you have the option of Chapter 7 liquidation or Chapter 13 reorganization. Chapter 7 Liquidation Chapter 7 can be utilized by individuals, married couples, businesses and corporations. In most consumer and small business cases, however, you are able to retain most if not all of your personal assets. Also, filing automatically stays or stops all collection activities. You have to qualify for a Chapter 7 proceeding. Your monthly income must be lower than the median income for your state. In California, the median income for a single individual is $47,798 and for two, $62,009. Otherwise, your disposable income must be low enough to qualify. This is determined by deducting your monthly expenses from your average monthly income over the past 6 months. If it is too high, you may still consider a Chapter 13 petition. In any bankruptcy, you must list all your creditors. You must also have not transferred any substantial property within 90 days of filing or within one year if such transfer was made to a relative or business partner or the court can void it. A list of your monthly expenses and assets is also required. You are entitled to certain exemptions regarding your personal assets so that the trustee will not seize them for the benefit of your creditors. For example, you can exempt a motor vehicle, much if not all of your home equity, retirement accounts, bank accounts, furniture, tools of your trade and other items. Consult with our expert bankruptcy lawyer about what exemptions are available to you. You must also take an approved credit counseling class before filing and a personal financial management class before your discharge. Most discharges occur about 4 months after you file. Your unsecured creditors, such as credit cards and medical expenses, are dischargeable. Chapter 13 Reorganization If your disposable income is too high, or if you wish to continue operating your small business, or you face foreclosure of your home, then a Chapter 13 is an option. You must have a steady income, though, to some degree, are paid within either a 3 or 5 year plan. The length of your repayment plan depends on your income. If it exceeds the state’s median, your plan will likely be 5 years. A chapter 13 can save your home from foreclosure provided you can make your regular monthly mortgage payments while repaying your arrearages over the life of the plan. Any second mortgage would be discharged at the termination of the plan if all is otherwise successful. Further, you can have past due taxes, student loans and child support payments paid off within the plan as well. Bankruptcy protection might be the relief you are seeking. Consult with an experienced bankruptcy attorney about your particular circumstances and to see if filing for bankruptcy is the right decision for you. |
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20
Years Experience
9,800+
Happy Clients
Daniel J King, Esq.
Managing Attorney / Owner
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LA, OC, Inland Empire
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Bankruptcy May Help You:
Keep Your CAR
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Keep Your DIGNITY
Keep Your RETIREMENT
Keep Your 401K
Keep Your PENSION
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Education: UC Berkeley UndergraduateSouthwestern University School of Law
$100,000,000+
$100 Million Discharged
20 | 9,800+ |
Years Experience | Happy Clients |
About Downey
Downey is a city located in southeast Los Angeles County, California, United States, 21 km (13 mi) southeast of downtown Los Angeles. The city is best known as the birthplace of the Apollo space program, and is the hometown of Richard and Karen Carpenter. As of the 2010 census, the city had a total population of 111,772.
Prior to the arrival of the Spanish in Alta California, the area that now comprises Downey was inhabited by the Tongva ethnic group, which came to be called the Gabrielino by the Spanish. The nearest Tongva settlements appear to have been just north and northeast of present-day Downey, although there is difficulty is locating them very precisely. The villages of Naxaaw’ngaand Sehat seem to have been situated near the present-day community of Los Nietos, or perhaps farther west on sites that were lost to floods of the San Gabriel River. Chokiishnga and Huutnga are other Tongva place names that may have referred to villages in the general area north of Downey between the San Gabriel River and Rio Hondo. In all four cases, it is difficult to relate the original location descriptions, based on ranchos and land grants, to more specific sites identifiable by today’s landmarks.
Mission San Gabriel Arcángel was initially founded on September 8, 1771, near these concentrations of Tongva population, at a site in the Whittier Narrows on a bluff overlooking the Rio Hondo near the intersection of today’s San Gabriel Blvd and Lincoln Avenue. After five years, flooding forced the relocation of the mission to its present site in San Gabriel.
Some of Downey's settlers came from Ireland. Downey was founded by and named for the former and youngest ever governor of California, John Gately Downey, who was born in Ireland. Although he was an Irish Democrat, he supported the Republican Lincoln in his efforts to keep the Union intact during the American Civil War. He pioneered the modern subdivision with land he acquired between the Rio Hondo and the San Gabriel River, in about 1865. Downey was convinced that oranges would flourish in Southern California, so he imported several varieties, and therefore set in motion what became one of the state's biggest cash crops. In conjunction with the construction of the Tehachapi Loop, the Southern Pacific Railroad arrived in 1873.
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LOCATION DISCLAIMER: The Attorney Group has a main office in Anaheim Hills, California. All other addresses are local offices available on an advanced appointment basis for meetings and depositions.