Believe it or not many middle class people in Encino, California qualify for bankruptcy. You may think of that car you have as an asset but you may have an outstanding car loan for over its value. A simple Chapter 7 bankruptcy may allow you to choose which of these kinds of debts you want to keep and allow you to walk away from most if not all of your other debts.

Under current Bankruptcy law, in order to qualify for a Chapter 7 bankruptcy, your household needs to meet a means test in order to avoid presumption of abuse. Current bankruptcy law makes it more difficult for people who make higher incomes to qualify for bankruptcy. Despite your income, we may still be able to qualify you for the bankruptcy by showing that you have legitimate debts and expenses beyond your income.

California bankruptcy laws entitle you to a number of exemptions - these are assets you can keep or interests in assets that can be kept. Bankruptcy may cost a lot less than the fees an attorney would require to defend you from some creditor's suit.

California's Signal newspaper awarded us the title of best bankruptcy lawyer in 2009. Contact the Encino Law Office of L. Rob Werner today for a free California bankruptcy phone consultation at 818-362-0331 or use the contact button located below