Chapter 7 is the most common form of bankruptcy. It is a liquidation proceeding in which the debtor's non-exempt assets, if any, are sold by the Chapter 7 Trustee and the proceeds are distributed to creditors according to the priorities ... 
Chapter 13 is a different type of bankruptcy that generally allows individuals to keep all of their property if they agree to repay creditors to the extent they can afford to do so over a three to five year period. ... 
As a bankruptcy firm whose attorneys have filed in excess of 9,000 bankruptcy cases, we have a unique approach to settling your unsecured debt. First, we are a law firm and not a “debt settlement company”. Most debt ... 
WHAT IS AN OFFER IN COMPROMISE?
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed. Absent special circumstances, an offer will not be accepted if the IRS believes that the liability can be paid in full [...]
Wadhwani & Shanfeld, APLC, is a federally designated DEBT RELIEF AGENCY as defined in the 2005 amendments to the US Bankruptcy Code. This law firm provides legal advice regarding the pros and cons of filing bankruptcy and represents people and small businesses in filing for bankruptcy relief under the US Bankruptcy Code.
Wadhwani & Shanfeld, APLC's practice areas include: Los Angeles Bankruptcy Lawyer, Los Angeles Bankruptcy Attorney, chapter 7 bankruptcy in los angeles, chapter 13 bankruptcy in los angeles, personal bankruptcy in los angeles, filing bankruptcy in Los Angeles, file bankruptcy in Los Angeles, Los Angeles bankruptcy, bankruptcy Los Angeles, bankruptcy lawyer in Los Angeles, and California bankruptcy law firm.
Contact Wadhwani & Shanfeld, APLC, Los Angeles Bankruptcy Lawyers.
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