A Certain Lawyer for Uncertain Times - L.A. Bankruptcy Associates Offers Answers

Dec. 15, 2010 - PRLog -- When Times Get Tough, Smart Californians Turn to Bankruptcy Lawyer Sergio J. Siderman to Eliminate The Debt Holding Them Down

Their home was underwater by more than $200,000 with the bank threatening foreclosure, their family income was down 40%, they were behind on car payments and avoiding repo men, their credit card interest rates had shot up to 30% and creditors were blowing up their phones demanding payment for over $50,000 in unsecured debt.  Fortunately, the Johnson family (names have been changed to protect their privacy) didn’t panic, nor did they waste their savings trying to settle with the creditors or pay some fly-by-night loan modification “expert” to save their home.  They just made one call to Mr. Siderman, a family friend and bankruptcy lawyer.  The result:

•   Credit card debt eliminated
•   Home saved
•   Cars saved
•   Credit score INCREASED

The Johnson’s situation is hardly unique (millions of Americans are in similar situations) – but the speed and magnitude of their recovery from the depths of financial ruin was remarkable. “It’s remarkable because the same relief the Johnsons obtained is available to just about everyone in situations similar to theirs!” exclaims Mr. Siderman.  Through the careful application of Federal Bankruptcy Protection laws to their situation, Mr. Siderman was able to eliminate their unsecured debt, save their home and cars and improve their credit in less than 90 days.  Mr. Siderman is not a magician.  He’s just a detail-oriented lawyer who knows how to maximize the protections offered by federal bankruptcy law (one of the most complex code sections in our legal system) to the benefit of his clients.

“I see too many families struggling through this awful economy, tragically burning through savings and 401Ks, just trying to pay off old debt or keep up with overvalued homes  -  when I could simply go in and painlessly remove those debts and burdens virtually overnight,” says Siderman.  The unfortunate reality is that an enormous percentage of our population is literally financially bankrupt, but either misinformed or clueless to the protections they have available to them through the Federal Bankruptcy Code.
Thousands of the most successful Americans in history, from Abraham Lincoln to Walt Disney, filed for bankruptcy to rebound from or avoid financial ruin. They all understood that bankruptcy is a business decision – NOT a moral one.  “The Federal Bankruptcy Code has been a legitimate and intelligent safety net for hundreds of years in this country.  It’s just sad that so few people take advantage of it when they need it most,” says Siderman.


About Sergio J. Siderman, Esq.

Mr. Siderman is a bankruptcy lawyer specializing in helping families and small businesses get relief through the Federal Bankruptcy Code.  Mr. Siderman is the Managing Partner of L.A. Bankruptcy Associates (http://www.LABankruptcyAssociates.com), an “A” rated law firm by the Better Business Bureau and a federally recognized debt relief agency.  Mr. Siderman is a licensed California attorney in good standing with the State Bar and has offices throughout California. He is also licensed to practice before all Federal Bankruptcy Courts in the State.  Mr. Siderman is a graduate of Cornell Law School, where he received his Juris Doctorate, and the University of Southern California, where he received his B.A with Honors.

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LA Bankruptcy Associates specializes in helping families and small businesses get relief through the Federal Bankruptcy Code. We are an “A” rated law firm by the Better Business Bureau and a federally recognized debt relief agency.