Borowitz & Clark, LLP is a leading consumer law firm in Southern California and has helped over 40,000 people regain control of their financial future through the bankruptcy process. Our partners have gained national recognition for their work helping Californians rebuild their financial lives. We offer solutions both inside and outside of bankruptcy. Let us use our knowledge to help you resolve your debt.
During this process we work with you to make sure you understand your options and how bankruptcy works. We fight to make sure you get the most out of your bankruptcy and emerge in the best possible position to move forward.
Chapter 7 bankruptcy is the most common type of bankruptcy filed in California. In order to file for Chapter 7 protection you must qualify, which involves passing a couple of tests that involve your income and expenses. In a Chapter 7 bankruptcy case a bankruptcy “trustee” is appointed whose job it is to sell any assets that we cannot protect to generate funds for your creditors. In most cases all the assets can be protected through “exemptions” which differ from state to state. In California, we have two schemes of exemptions which we get to choose between. If you pass both income tests and have no assets that are left unprotected, then Chapter 7 is the right option for you. If that is not the case you may need to file for Chapter 13 protection.
If Chapter 13 bankruptcy is the right move for you, we will create a repayment plan that you can afford. Be assured that you will have enough funds every month for your living expenses and to make payments on your secured debts such as your home mortgage and auto loan. Through Chapter 13 you pay your disposable income to your creditors, through the bankruptcy court, and after three to five years, the remaining debts will be “discharged” and you’re debt-free. Many Chapter 13 debtors end up paying only pennies on the dollar for their unsecured debts.
No matter which type of bankruptcy is best for you, both types provide the opportunity to start over. When your debts are discharged, creditors can no longer pursue the debt. No more collection calls, no more threats of property seizure or wage garnishment. You can rebuild your financial future from scratch.
Our office is proactively implementing a policy of reducing face to face contact as a safety measure given the COVID-19 outbreak. Until further notice, Borowitz & Clark will schedule client meetings and consultations via telephone or Google Meet. Until the pandemic subsides we will conduct client business exclusively via email, phone, or Google Meet.
The Partners at Borowitz & Clark have a long history of supporting union members and happily offer a 25% discount for all Union Members
Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit Card Debt, Debt Negotiation, Free Consultation, Medical Bills, Mortgages, Payday Loans, Personal Loans, Revolving Debt, Secured Debt, Student Loan Debt, Tax Debt, Unsecured Debt