Affordable Chapter 7 · Malibu
Affordable Chapter 7 Bankruptcy in Malibu and What It Buys You
Malibu households earn a median of $194,421, about $16,200 a month. After the fires, some budgets carry old card debt and new rebuilding costs at once. 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
For most people, the fee wipes out the debts that cause the most stress: credit cards, medical bills, personal and payday loans, and old judgments. It also covers what is left on a car loan after a repossession. A few debts survive, such as support, most recent taxes and most student loans.
The math for a Malibu 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 Malibu 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 Malibu filers choose Chapter 7
For a Malibu renter or worker who qualifies, Chapter 7 wipes out credit cards, medical bills and personal loans for a starting cost of about $1,538 in attorney and court fees. A consolidation loan secured by a home that is still being rebuilt can be hard to get, and it keeps the full debt. Debt settlement may leave you facing lawsuits while you save, and forgiven debt can be taxed. With only 88 building permits issued in Malibu as of August 4, 2026, mostly in Big Rock, rebuilding is slow, so cash freed from card payments can help you hold on. Read when not to file bankruptcy before you decide.
More for Malibu filers
- Bankruptcy attorney for Malibu
- Chapter 7 attorney for Malibu
- Chapter 13 attorney for Malibu
- Cheap bankruptcy in Malibu
- Affordable bankruptcy in Malibu
- Cheap Chapter 7 bankruptcy in Malibu
- Affordable Chapter 7 bankruptcy in Malibu
See every fee in one place on our bankruptcy cost page.
Affordable Chapter 7 questions from Malibu
Is Chapter 7 worth it for a Malibu renter who lost work after the fire?
Chapter 7 can be worth it for a Malibu renter who lost work after the fire, because it wipes out card and medical debt for a one-time fee. If your six-month income dropped, you may also pass the means test. We review your numbers for free.
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 Malibu residents?
An affordable Chapter 7 works fast for Malibu 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.