Affordable Chapter 7 · Hawthorne
Affordable Chapter 7 Bankruptcy in Hawthorne and What It Buys You
A Hawthorne household earning the median makes about $6,320 a month. Minimum payments on old credit cards can take a big bite of that for years. 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 Hawthorne 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 Hawthorne household at the city's median income, $300 is about 5% 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
Debt settlement companies collect fees while you save up lump sums, and creditors are free to sue in the meantime. Forgiven balances may also count as income for taxes. A consolidation loan only moves the debt to a new lender, and it takes good credit to get one. Chapter 7 is different: collection stops on the day of filing, and most cases end in about four months.
Chapter 7 is not right for everyone. Read when you should not file bankruptcy before you decide.
Why Hawthorne filers choose Chapter 7
Chapter 7 can wipe out credit cards, medical bills and personal loans, usually within a few months of filing. A debt settlement plan often asks you to save for months while accounts go to collections, and any forgiven amount can count as taxable income. A consolidation loan rolls the bills into one payment, but you still owe the full amount plus interest. With Hawthorne rent taking about 28% of the median income, every dollar freed from old debt can go to rent, a car or savings. See which debts Chapter 7 wipes out.
More for Hawthorne filers
- Bankruptcy attorney for Hawthorne
- Chapter 7 attorney for Hawthorne
- Chapter 13 attorney for Hawthorne
- Cheap bankruptcy in Hawthorne
- Affordable bankruptcy in Hawthorne
- Cheap Chapter 7 bankruptcy in Hawthorne
- Affordable Chapter 7 bankruptcy in Hawthorne
See every fee in one place on our bankruptcy cost page.
Affordable Chapter 7 questions from Hawthorne
Is Chapter 7 worth the cost for a Hawthorne family with $15,000 in medical and card bills?
Chapter 7 is often worth the cost for a Hawthorne family with $15,000 in medical and card bills, because the starting price of about $1,538 is about one tenth of that balance. Whether it fits you depends on your income, property and goals, which we review for free.
Is Chapter 7 worth the cost?
Chapter 7 is worth the cost for many people with credit card and medical debt they cannot repay. The flat fee and court fee are often less than a few months of interest on the debt.
When do collection calls stop in Chapter 7?
Collection calls stop in Chapter 7 as soon as the case is filed, because of the automatic stay. The discharge itself usually comes about four months later.
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.