Affordable Chapter 7 · Calabasas
Affordable Chapter 7 Bankruptcy in Calabasas and What It Buys You
Calabasas households earn a median of about $13,774 a month, and some carry card balances to match. Is a Chapter 7 fee worth it here? Chapter 7 can wipe out credit cards, medical bills and personal loans for a flat fee from $1,200 plus the court fee. Call (310) 362-9071 for a free consultation.
- Wipes out most unsecured debt
- Flat fee from $1,200 plus $338 court fee
- Collection stops the day we file
- Payment plans available
What an affordable Chapter 7 wipes out
| Usually wiped out | Usually stays |
|---|---|
| Credit cards and store cards | Child support and alimony |
| Medical bills | Most recent income taxes |
| Personal and payday loans | Most student loans |
| Old judgments and repo balances | Criminal fines |
The math for a Calabasas household
Here is an example with made-up round numbers. Say you owe $15,000 on credit cards at 24% interest. That is about $300 a month in interest before you pay down a single dollar. For a Calabasas household at the city's median income, $300 is about 2% of a month's income before taxes, going to interest alone.
A simple Chapter 7 with us costs about $1,538 in attorney and court fees. In this example, that is about five months of interest payments, and the balance is gone at the end of the case.
Chapter 7 compared with settlement and consolidation
| Option | How long | Can creditors still sue? |
|---|---|---|
| Debt settlement | Often several years | Yes |
| Consolidation loan | Years of payments, with interest | Only if you fall behind |
| Chapter 7 | About four months | No, the automatic stay stops them |
Chapter 7 is not right for everyone. Read when you should not file bankruptcy before you decide.
Why Calabasas filers choose Chapter 7
Chapter 7, when you qualify, wipes out unsecured debt such as credit cards and personal loans for a starting cost of about $1,538 in attorney and court fees. For a household at the Calabasas median, that is about 1% of a year's income. A consolidation loan or a cash-out refinance keeps the full balance and ties more of it to your home. Debt settlement can take years, with possible tax on forgiven debt. Weigh the options with our Chapter 7 vs. Chapter 13 guide.
More for Calabasas filers
- Bankruptcy attorney for Calabasas
- Chapter 7 attorney for Calabasas
- Chapter 13 attorney for Calabasas
- Cheap bankruptcy in Calabasas
- Affordable bankruptcy in Calabasas
- Cheap Chapter 7 bankruptcy in Calabasas
- Affordable Chapter 7 bankruptcy in Calabasas
See every fee in one place on our bankruptcy cost page.
Affordable Chapter 7 questions from Calabasas
Should I refinance my Calabasas home to pay off credit cards?
Refinancing your Calabasas home to pay off credit cards is risky, because it moves debt that bankruptcy could wipe out onto your house. If you fall behind on the new loan, the home is at stake. Talk to a bankruptcy lawyer before you refinance.
Is Chapter 7 cheaper than debt settlement?
Chapter 7 is often cheaper than debt settlement, because settlement programs charge fees over years and you still pay part of each debt. Chapter 7 has a flat attorney fee and the court fee, and most unsecured debt is wiped out.
How fast does an affordable Chapter 7 work for Calabasas residents?
An affordable Chapter 7 works fast for Calabasas residents. Collection stops the day we file, and most cases end with a discharge in about four months.
Free consultation
See what Chapter 7 could wipe out for you
Call (310) 362-9071 or send the form. We will compare Chapter 7 with your other options for free.
Law Offices of John Asuncion9454 Wilshire Blvd., Penthouse Floor
Beverly Hills, CA 90212
(310) 362-9071
Monday to Friday, 9 a.m. to 6 p.m.