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Bankruptcy Attorney in Cerritos

Do you need debt relief? Call (888) 488-8513 to find relief!

At the Law Office of Raymond J. Seo, we have been helping people with their financial concerns for over 15 years. Not only do we offer significantly lower rates than our competitors, but we also don't charge for every little thing, like making copies, pulling credit reports, and other incidentals that other firms will bill.

Our goal is to provide the highest quality service for an affordable cost. With each case that we take on, we take the time to get to know the client and their situation. We will develop a personalized strategy to ensure that the best possible outcome is obtained.

Handling A Wide Variety Of Financial Issues

Attorney Seo and his team are able to assist clients with a number of different legal actions, including:

At your free initial consultation, we will discuss all aspects of your case and Attorney Seo will analyze your financial situation. He will ask about your goals for your case and inform you of the best possible strategy to meet those goals.

If you are filing for bankruptcy, we will guide you through taking the means test and also informing you of all possible exemptions, so you can keep as many of your assets as possible! Attorney Seo understands that this is the most important issue for you right now, and will make it a priority to put your case first.

Ask for a Free Consultation Today!

When you work with Attorney Seo and our staff, you can be confident in our ability to thoroughly represent you and your case. Mr. Seo has been admitted to practice law in the Central, Southern, and Eastern Districts of California. He has been a member of the California Bar since 2001 and has assisted countless clients who have nothing but good things to say about his representation.

Are you ready to move forward with your case? Now is the time to contact the Law Office of Raymond J. Seo. At our firm, we can provide you with the legal counsel that you need in order to obtain a debt-free life. Bankruptcy can be a worrisome process, but filing can help you regain control of your life. I you have questions or concerns about your situation, do not hesitate to contact a Cerritos bankruptcy lawyer from the Law Office of Raymond J. Seo right away. Our firm is easily reached by completing a free case evaluation form online. Get started now!

Commonly Asked Questions About Bankruptcy

Who can file for bankruptcy in California?

Almost anyone can file for bankruptcy. Under United States laws, there are different chapters of bankruptcy that you can file under for your specific situation.

  • Chapter 7-liquidation bankruptcy for low income individuals
  • Chapter 13- reorganization bankruptcy for anyone who doesn't qualify for Chapter 7
  • Chapter 11-reorganization bankruptcy for businesses or individuals with high assets
  • Chapter 12- bankruptcy for farmers and fishermen

Working with an attorney can help you determine if your debts exceed your income and find the right chapter for you to file under for your situation.

What is Chapter 7?

Chapter 7 bankruptcy is also known as a liquidation bankruptcy. Under this chapter, all non-exempt assets will be sold to help repay debts. Chapter 7 is most often filed for by individuals who have no other options to repay debts and cannot even make minimal payments to creditors. In order to qualify, you will need to take a Chapter 7 means test. Learn more by visiting our page on Chapter 7 bankruptcy.

What is Chapter 13?

If you do not wish to file for a Chapter 7 liquidation bankruptcy, or you do not qualify for Chapter 7, you can still file under Chapter 13. Under Chapter 13, a bankruptcy court will provide you with a payment plan to repay debts. These plans typically last for about 5 to 7 years and allow you to make minimal payments toward debts while still retaining property and assets. To learn more about this chapter, you can visit our page on Chapter 13 bankruptcy.

Will I lose my house / car if I file for bankruptcy?

Not necessarily. Depending on the chapter that you file under and the amount of debts that you have, you may be able to keep your home and car. In fact, in some situations, you may be able to save your home from foreclosure by filing for bankruptcy.

If you file for Chapter 7 bankruptcy, you make be able to keep your home or vehicle based on the bankruptcy exemptions you choose. In Chapter 13 bankruptcy, you won't be required to sell any of your assets to pay off your debts. Of course, each situation is different, so it is important that you work with an attorney.

How long does bankruptcy stay on my credit score?

Depending on which chapter of bankruptcy you file under, your credit score could reflect the bankruptcy for up to 10 years. It is important to remember that each person's situation is different and their exact outcomes may vary. In order to get a better understanding for how long it may affect you and your credit, you need to consult the lawyer at our firm. We can also provide you with recommendations about how to improve your credit score after bankruptcy!

What will happen to my debts after filing for bankruptcy?

A few things can happen to your current debts when you file for bankruptcy. Depending on the chapter that you file under, your debts will be either automatically eliminated or discharged after the completion of your payments. Personal debt, or consumer debt, is often the most common debt that is discharged in bankruptcy.

Some debts, however, will not be discharged in any type of bankruptcy. These include the following:

  • tax-related debt
  • student loans
  • personal injury related to DUI
  • association fees
  • debts to the government (including court fines and penalties)
  • debts for alimony and child support

To find out what will happen to your debts, contact our office to speak with our bankruptcy attorney.

Will my student loans be eliminated?

Student loans are the highest form of consumer debt in the nation. Unfortunately, as it stands now, bankruptcy cannot eliminate student loans; however, change may be on the horizon. Following the 2005 bankruptcy reforms, legislators and consumer debt advocacy groups are proposing bills and laws that can help reduce the amount of debt that graduated students have accumulated.

If you have a private student loan or a federal loan and you are facing a financial hardship, we recommend working with an attorney to discuss your options and to gain a better understanding of the potential bankruptcy reforms.

Will I have to go to court for bankruptcy in California?

Every individual who files for bankruptcy must go to the initial court hearing; however, working with an attorney is the best way to avoid multiple court hearings and a long, drawn-out process.

When you retain our representation, we will work to settle most complications outside of court. If you do need to go to court, the attorney from our team will represent you throughout the entire proceeding.

Can bankruptcy stop creditor calls?

Yes! The moment that you file for bankruptcy, creditor collection attempts will be forced to automatically cease.

In fact, filing for bankruptcy is one of the only surefire ways to be certain that creditor harassment will stop once and for all. It is important to remember that you are protected under the law from unnecessary harassment, and our firm's attorney can help protect your rights!

When should I file for bankruptcy?

If you have exhausted all efforts to eliminate debt, yet you are still burdened by bills, creditor calls and collection attempts, now may be a good time to file for bankruptcy. Even if you are already facing foreclosure or other complications, bankruptcy may be the right option for you.

Our bankruptcy attorney can assess your situation to make sure that you have exhausted all available options. At our firm, we have had years of experiencing counseling clients to a future with financial stability.

Should I work with an attorney?

Definitely! The bankruptcy laws in California and the United States can be difficult to understand, and you should never attempt to face the bankruptcy court alone. Our bankruptcy attorney can analyze your financial situation and recommend the best course of action. We will find out if you qualify for Chapter 7 bankruptcy and make sure that you get all available exemptions so that your assets are maximized.

If you are considering filing, contact the Law Office of Raymond J. Seo right away for a free consultation!

Law Office of Raymond J. Seo - Cerritos Bankruptcy Lawyer
Located at 1 Centerpointe Dr, #314 La Palma, CA 90623. View Map
Phone: (888) 488-8513 | Local Phone: (714) 521-8880.
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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. The Law Office of Raymond J. Seo is a debt relief agency. We help individuals file for bankruptcy relief under the Bankruptcy Code.

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