Bankruptcy is a Federal program and a legal process that can eliminate certain debts and allow the debtor to obtain a fresh start in life. There are different chapters that the law allows a certain debtor to file and a Los Angeles Bankruptcy Attorney can advise you if you can qualify for bankruptcy protection and under which specific chapter.
Attorney Navid Kohan has helped numerous honest debtors get out of financial debt, regardless of the various factors that contributed to the debt, such as loss of employment, decreased income, or illness. Sometimes Bankruptcy is the only option to stop certain legal proceedings such as lawsuits, wage garnishments, foreclosure, or vehicle repossessions. Attorney Kohan advises that consumers need to talk directly with a licensed Los Angeles Bankruptcy Attorney to determine what route they should take, and see if bankruptcy is an option for them.
According to the National Association of Consumer Bankruptcy Attorneys, a nonprofit organization, the so called "debt relief settlement" schemes have unfortunately put consumers in a more dire financial situation. According to Federal and State officials the "debt settlement" success rate is about 1 in 10, meaning the majority of the consumers that were offered "debt free" outcomes are left with more mounting debt.
Attorney Navid Kohan is available to assist and determine if bankruptcy is the right option for your particular financial situation. Please visit www.kohanlawcenter.com/