Affordable Chapter 7 · Redondo Beach
Affordable Chapter 7 Bankruptcy in Redondo Beach and What It Buys You
Redondo Beach households earn a median of about $12,520 a month. Even so, a few large card balances can eat a big share of it. 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 Redondo Beach 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 Redondo Beach 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 Redondo Beach filers choose Chapter 7
Chapter 7 can wipe out credit cards, medical bills and personal loans for a one-time starting cost of about $1,538 in attorney and court fees. A consolidation loan secured by your Redondo home trades card debt for debt that can cost you the house if you fall behind. Debt settlement can take years, and forgiven amounts may be taxed. With Redondo rent at about 21.5% of the median income, removing card payments can leave room to save again. If you are unsure which path fits, see what Chapter 7 wipes out.
More for Redondo Beach filers
- Bankruptcy attorney for Redondo Beach
- Chapter 7 attorney for Redondo Beach
- Chapter 13 attorney for Redondo Beach
- Cheap bankruptcy in Redondo Beach
- Affordable bankruptcy in Redondo Beach
- Cheap Chapter 7 bankruptcy in Redondo Beach
- Affordable Chapter 7 bankruptcy in Redondo Beach
See every fee in one place on our bankruptcy cost page.
Affordable Chapter 7 questions from Redondo Beach
Should I use a home equity loan to pay off credit cards in Redondo Beach?
Using a home equity loan to pay off credit cards in Redondo Beach can be risky, because it turns card debt into debt tied to your house. Credit cards can often be wiped out in bankruptcy, but a lien on your home stays. Talk to a lawyer before you sign.
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.
How fast does an affordable Chapter 7 work for Redondo Beach residents?
An affordable Chapter 7 works fast for Redondo Beach 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.