If you are behind on your vehicle payments and you need to stop vehicle repossession because you can now afford payments consider Chapter 13 bankruptcy. If you are behind on your vehicle payments there is a good chance your vehicle could get repossessed. Your vehicle lender can repossess the vehicle after one missed payment. They do not have to notify you they can just help themselves to your vehicle.
If you want to stop them from vehicle repossession then you can file Chapter 13 bankruptcy and pay for the vehicle through the Chapter 13 plan. A Chapter 13 plan can pay your vehicle over a 60 month period at a lower interest rate and it will stop vehicle repossession. If you need help to stop vehicle repossession especially if your vehicle has already been repossessed and you need to get it back call The Law Offices of Brad Weil now at 310-515-7776.
If you are behind on your vehicle payments and you need to stop vehicle repossession now because you can now afford payments, consider Chapter 13 bankruptcy. If you are behind on your vehicle payments there is a good chance your vehicle could get repossessed. Your vehicle lender can repossess the vehicle after one missed payment.
They do not have to notify you, they can just help themselves to your vehicle. If you want to stop them from vehicle repossession then you can file Chapter 13 bankruptcy and pay for the vehicle through the Chapter 13 plan. A Chapter 13 plan can pay your vehicle over a 60 month period at a lower interest rate and it will stop vehicle repossession.
There is a lot of misconception regarding Chapter 13. A lot of people don't know the difference between the chapters and a lot of that is due to lack of education about the differences. People may come into our offices with a misconception about Chapter 13. Sometimes, they're just confused between Chapter 13 and Chapter 11.
There are three main chapters for individuals; 7, 13 and 11. The biggest difference is that 13 is one of the two re-organization chapters, chapter 13 and chapter 11. Both of those are re-organization, while Chapter 7 is liquidation.
Which Chapter is best for my situation?
The first thing that people have to decide is whether or not they're going to do a chapter 7 liquidation or a chapter 13 re-organization. Once we educate them on those differences and why one might be better than the other for them,( they all have pros and cons,) then, it's just a matter of getting accustomed to the idea of being in chapter 13. It is important to note that chapter 13 lasts for a long time; it is designed to go on for 3 to 5 years whereas the typical Chapter 7 will take on average about six months. And so, people have to be used to being in bankruptcy for five years, and that can be hard to accept.
A Chapter 13 Bankruptcy is Similar to Debt Consolidation. Here is how it works.
We take your income from all sources of income and we subtract your regularly incurred monthly expenses. At the end of that calculation, you have to have at least $100 a month leftover that you can then send to the court-appointed trustee and he uses that money to pay your creditors. So, in essence, we like to think of chapter 13 as debt consolidation. It puts all of your debt in one place and you pay it back over time through one central agent who is the trustee. That is how we can stop vehicle repossession now; it is a promise to pay back the debt over time, and the proceedings against us are halted when we initiate the process.
If you need help to stop vehicle repossession especially if your vehicle has already been repossessed and you need to get it back call the Law Offices of Brad Weil now at 310-515-7776.
The filing of a bankruptcy stops all legal action against you it even stops lawsuits.
If you have recently been served with a lawsuit filing a bankruptcy will stop the lawsuit. It is important to file the bankruptcy before a default judgment is entered against you in the lawsuit. A defendant has 30 days from the date they are served with a lawsuit to file an answer, however, if they file bankruptcy within that time it stops the lawsuit. A default judgment is entered against you after the 30-day period expires and then the creditor can attach a lien against your property.
The filing of the bankruptcy stops lawsuits no matter how old they are but the sooner you file the bankruptcy the better off you will be because the lawsuit will stop. If you need to stop a lawsuit call the Law Offices of Brad Weil at 310-515-7776.
If you need assistance preventing a foreclosure the Law Offices of Brad Weil can go over all of your options with you. Be careful who you select when shopping for foreclosure prevention assistance because there is a lot of fraud in the area of foreclosure prevention assistance.
If you need assistance preventing a foreclosure you have a lot of options. Short sale, loan modification, bankruptcy, all can be considered foreclosure prevention assistance. Make sure you use a reputable company to assist you in preventing your foreclosure. If you are in foreclosure and need assistance to prevent it from happening, call the Law Offices of Brad Weil today to explore your options. 310-515-7776.
Torrance bankruptcy attorneys are prevalent, however, the only bankruptcy attorney in the city of Carson is the Law Office of Brad Weil
Brad Weil is a certified specialist who services the south bay area which means he is a Torrance bankruptcy attorney. He is also a Carson bankruptcy attorney and a Long Beach bankruptcy attorney. Attorney Brad Weil has served several bankruptcy clients in Torrance and in Carson and in Long Beach and in Compton, so consider him your Long Beach bankruptcy lawyer as well. Let him be your complete South Bay bankruptcy Lawyer.
What are the advantages of using a south bay bankruptcy attorney?
Very simply, there are bankruptcy attorneys all over Los Angeles, but many are production-oriented and not focused on the client as much as they might be. Once you sit down with Brad Weil, you will immediately notice that he is a listener. The fact that he is a local in a smaller community, means that he has a much greater commitment to his local clientele. He lives in the area, works in the area and feels for his neighbors.
He is also a great advisor. Once you sit with him at your free consultation, you will notice that he takes the time and effort to explain the process and the options in great detail. He wants you, the client to be comfortable with the process and understand your choices.
Whether you need to stop repossession, stop foreclosure, stop lawsuits, or get your car back, your questions will be answered in a way that makes your choices clear. Do you need to file Chapter 7, or is a Chapter 13 a better choice for you? Is there a way to keep you out of bankruptcy altogether? Better to understand your options.
Don't wait until there is no more time.
If you want to take advantage of all of your options, don't wait until there is no time to choose. Consult early and you may be able to avoid the options you don't like.
We know you might be afraid of what you find out.
It is understandable to put it off, but that will not provide answers. Seeing an expert, like Brad Weil will make it easier to face your options. Why wait? Act now.
If you need a Torrance bankruptcy attorney do not hesitate to call the Law Offices of Brad Weil 310-515-7776.
The car repossession has already happened can bankruptcy help me?
If your car repossession has taken place you may be able to get your car back by filing a Chapter 13 bankruptcy. The filing of the bankruptcy stops all legal action against you and your property. If your car has been repossessed but the vehicle has not been sold by the lender you can stop car repossession now and get the car back by filing for a Chapter 13 bankruptcy. If the car repossession has not yet taken place but the creditor is looking for the vehicle then you can file a Chapter 7 and stop them from repossessing the car.
Having Bad Credit Can Increase the Interest on a Car Loan
Filing a Chapter 13 bankruptcy is a way to reduce the interest rate on a car loan. Often times, people who have bad credit get a bad interest rate on their car loan; 20 or 30 percent interest is not uncommon, but which is not competitive for a car loan, difficult to maintain, and only promotes further debt to the borrower. On the other hand, the maximum interest rate someone would pay in a Chapter 13 is what we call Prime Plus. Let's say for example that the prime interest rate is 3.25 percent. You may be charged that rate plus 1 to 3 percent. So, you could be looking at a range of 4.25 to 6.25 percent, which is much better than the 20 to30 percent interest that you might otherwise have on your car loan.
Stripping a Lien can ease a debt burden.
A lower interest rate is one of the main reasons that I would recommend someone go into Chapter 13. Another reason might be to strip a lien. If you have multiple liens on a property, for example, but the value of that property does not exceed that of the first mortgage, you could actually reclassify those liens to second or to thirds as unsecured debt and get them removed from the property, not just discharged but removed from the property entirely, if you make it all the way through the bankruptcy plan to discharge. That is how Lien Stripping works with respect to real property. You can also clamp a property down to the current market value. If you own multiple properties and you have investment properties that are worth less than what you owe on it, you can actually pay that property in full through the plan and discharge the remaining balance so that you only pay what the property is worth at the time of filing.
But we have done this on second houses too. We have cases where owners are basically buying their second house through the Chapter 13 plan while discharging the remainder of the liability. That was a very popular situation in 2010 and 2011 when the property values actually plummeted below their loan values.
The Process of Lien Stripping Can also be Applied to Vehicles under Certain Conditions
You can strip a lien on a vehicle, keeping in mind the recent changes to the law dictating the requirement that you possess the vehicle for at least two-and-half years in order to qualify for that process. We can do that though as a result of what we call the vehicle's rapidly depreciating asset value. Just as in real property where the value of the property is less than what is owed, now our vehicle is worth less than the loan on the vehicle.
If you are behind on your car payments or your car is in danger of being repossessed you can stop car repossession now. Just call the Law Office of Brad Weil to stop car repossession. 310-515-7776.
You need a good foreclosure attorney in Los Angeles If your home is in or about to be in foreclosure. And a good foreclosure lawyer in Los Angeles will help you in exploring all of your options. Good foreclosure attorneys in Los Angeles should provide you with a free consultation and if you hire them they should provide you with a written contract that tells you exactly what they are going to do for you.
A good attorney analyzes the facts surrounding a client's financial situation and appropriately advises as to which approach is most feasible. Knowing the end result or consequences of any action before it is taken can prevent problems later on, so obviously It is advisable to consult with an attorney regarding foreclosure.
Don't wait and hope
Act immediately on a foreclosure notice while you have options. If you wait to act, you may lose precious time in exercising your options.
Chapter 13 is an effective method to stop foreclosure and save a home
If you go through a Chapter 13 and you owe a tax liability, you are actually going to pay it back through the Chapter 13. So, by the end of Chapter 13, you will get it discharged and you won't owe the tax liability anymore. The IRS cannot come back after the bankruptcy and tell you that they are "still here," which can happen in Chapter 7. If you don't obtain the right advice and take the proper action, you can still face tax liability.
Foreclosure considerations require the expertise of a good foreclosure attorney
We pride ourselves on being effective foreclosure attorneys. We use a three-step process. The first step is the free initial consultation. And in that initial consultation, we sit down with the client or the husband and wife, considering an individual or a couple, and explain the difference between the options. And we may be considering Chapter 7 or Chapter 13. You may have heard about Chapter 11, but we usually avoid getting into Chapter 11 unless we see that as the only option available. We prefer to keep people out of Chapter 11 because it is an expensive option. But during the initial consultation, we break down the difference and advise why one option is recommended over the other.
Reviewing all of the options is critical to the process
We may look at a person's income, look at their debts and say that there is no point in doing a Chapter 13; Chapter 7 is preferred. Sometimes, the person comes in wanting to do a Chapter 13, and we ask if they understand the difference? Once we are comfortable that they understand the difference, then we retain them on 13. People, if they have done their research before they come in, often have made up their mind in Chapter 7. We might recommend Chapter 13 as a better option than a Chapter 7 and sometimes, but If that is their preference, we would go ahead with Chapter 7 if they otherwise qualify for it.
If you feel you have been ripped off by a foreclosure attorney in Los Angeles, be sure to call the Law Offices of Brad Weil we can help you with your foreclosure and might be able to get you some money back as well. 310-515-7776.
Did you know that foreclosure lawyers in Los Angeles are not allowed to charge up-front fees for a loan modification?
Even if you are not working with a Foreclosure lawyer in Los Angeles non-lawyers are not allowed to charge up-front fees in order to stop a foreclosure sale. If a foreclosure lawyer in Los Angeles charges you a fee up-front for loan modification work or non-lawyer charges you to postpone the foreclosure sale do not pay them it is probably a scam. If someone wants you to quickly claim a portion of your ownership interest in your home to someone else or to them in order to stop the foreclosure sale whether they are a lawyer or not that is definitely a scam. Call the Law Offices of Brad Weil for a reputable foreclosure lawyer in Los Angeles who can help you stop your foreclosure sale 310-515-7776.