It’s been well-documented that people in Woodland Hills and throughout California have used bankruptcy laws to protect their financial futures in record numbers amid the predatory lending practices of banks that led to the economic collapse. According to the American Bankruptcy Institute‚ there were more than 260‚000 bankruptcy filings statewide in 2010‚ up from about 72‚000 in 2007.

And the statistics nationwide are alarming: We owe more than $2.4 trillion in credit card debt‚ medical bills and other unsecured debt‚ economywatch.com reports.

Woodland Hills Bankruptcy Attorneys are available in Encino‚ Glendale‚ Downey or Antelope Valley to assist you in the process that may be best for you. In our state‚ bankruptcy can give consumers a fresh start. In fact‚ bankruptcy is one of the few laws on the books to protect the consumer rather than the nation’s banks.

The statistics aren’t pretty‚ but they show that more and more people are using bankruptcy to save their homes‚ eliminate their mounds of credit card and personal loan debt and move on with their lives. There are different forms of bankruptcy‚ including Chapter 7 and Chapter 13.

These are different forms of bankruptcy‚ but can help you accomplish the same goal of no longer being saddled with an unbearable amount of debt you can’t handle. Consider taking advantage of our free consultation‚ starting with a form on our web site.

It’s possible that Chapter 7 bankruptcy is best for you. What Chapter 7 does is permanently eliminates your personal debt without requiring you to pay any of it back. You may qualify if you:

• Owe significant debt
• Find it difficult to make ends meet
• Have little or no money left after paying your bills each month
• Experienced a job loss or a dramatic drop in income
• Own a home with little equity‚ or you rent

Chapter 13 is more geared toward people who want to save their homes or who have significant income with which to establish a repayment plan. If you think you can set up a payment plan over the next three to five years to satisfy your debts‚ you may file Chapter 13 and save your assets.

Woodland Hills Bankruptcy Attorneys will provide a free consultation to help guide you in making a decision that works for you. Bankruptcy may keep creditors from taking your hard earned money. But don’t do it alone. In Encino‚ Glendale and Woodland Hills‚ just call.

If you need to speak with a bankruptcy attorney in Woodland Hills‚ Encino or Glendale‚ contact Cal West Law at (818) 446-1334 for a free consultation.