Are you tired of living paycheck to paycheck? Would you like to regain control of your finances and find happiness in your life once more? Then Rosie Barmakszian is the experienced bankruptcy attorney for YOU!
You are not alone! Millions of Americans struggle with debt related hardships whether it be from the loss of a job, unpaid medical bills, or overwhelming debt. If you are experiencing any of the following, Rosie Barmakszian is the bankruptcy lawyer for you.
- Lawsuit against you
- Reversed/stopped wage garnishment
- Reversed/stopped bank levy
- Car reposition
- Received notice to vacate your home/apartment
- Excessive credit card debt
- Large medical bills
- IRS, State & County tax debts
Congratulations on taking the first step toward financial freedom. By coming to Barm Law for bankruptcy options, you are on your way to a fresh start. We stand by our clients every step of the way, providing them with personalized attention in order to make the debt relief process quick and simple.
If you are struggling to pay your mortgage every month, a Chapter 13 bankruptcy may be the relief you are searching for.
A Chapter 13 bankruptcy can:
- Immediately stop foreclosing proceedings
- Allow you to resume back to your normal mortgage payment
- Allow you to pay off all of your mortgage areas during the bankruptcy case
- Allow you to get rid of your second mortgage if your house has insufficient equity
- Modify your mortgage if you are able to negotiate an agreement with your mortgage lender during your bankruptcy case
Chapter 13 plan payment factors:
- Gross household income: you, your spouse and any dependents (if any)
- Total mortgage areas: includes all unpaid property tax and insurance
- Amount of cars driven by members of the household
- Large or uncommon household expenses
A Chapter 13 bankruptcy is not for everyone! If you are ready to start the filing process, we advise you to seek professional legal advice from our Burbank law office.
Barm Law is here to help you seek financial freedom. Follow our 5-Step approach to bankruptcy in order to regain control of your life and financial status.
5-Step Bankruptcy Approach
1. Obtain Your Financial Information
At Barm Law we take the time to meet with you and discuss all preliminary information to see which bankruptcy option best fits your needs.
2. Chapter 7 vs. Chapter 13
Once it has been determined that bankruptcy is your key path to financial freedom, then the next step is to decide if a Chapter 7 (liquidation) or Chapter 13 (reorganization) is the most beneficial for you.
Chapter 7: Discharge most of your debts upon demonstrating to the court that you lack the means to repay your creditors. (Reversing levies, wage garnishments, discharging tax debts, etc.)
Chapter 13: Retain possession of some of your assets, including your home once the court approves your reorganization plan. A reorganization plan involves a monthly payment plan based on your net disposable household income, which repays a portion of your debts over a 3-5 year span.
3. Obtain a Credit Report
A credit report must be obtained in order to affirm to your creditors that your information is accurate and complete.
4. Prepare and File All Court Documents
We will thoroughly and efficiently prepare and file your bankruptcy petition with the court according to your place of residence within the last six months. We will also prepare and send your financial information to the bankruptcy trustee in order for the court to grant you a discharge.
5. Attend a Meeting of Creditors
Within 4-8 of filing your bankruptcy petition, you will be require to personally attend a “meeting of creditors.” While under oath, the bankruptcy trustee will ask you questions and your creditors have a chance to object. As your attorney I will be there by your side to fight with you and for you.
A Chapter 7 process can be completed in up to two to four months.
A Chapter 13 will give you a discharge once a 3-5 year plan has been arranged.
**Warning – Fair use disclaimer: The above is an approximation of what your Chapter 13 plan payment could be. The above calculus is based on only the most common few of many factors that will determine your actual plan payment. Do not rely upon the above in making the decision whether to file bankruptcy or any other significant financial decision until you have consulted an attorney first.**
For more information on filing bankruptcy, please call us at 1 (833) BARM-LAW or 1 (833) 227-6529 or email us by filling out our online form and a representative from Barm Law will return your call within 24 hours.