Affordable Chapter 7 · San Fernando
Affordable Chapter 7 Bankruptcy in San Fernando and What It Buys You
San Fernando renters spend about 25% of the median income on rent. Card payments on top of that can leave little for anything else. 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
- Credit card balances and store cards
- Medical and hospital bills
- Personal loans and payday loans
- Most old collection judgments
- What you still owe after a repossession or foreclosure
Child support, most recent taxes and most student loans usually stay.
The math for a San Fernando 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 San Fernando household at the city's median income, $300 is about 4% 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 San Fernando filers choose Chapter 7
Chapter 7 wipes 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 would keep a San Fernando family paying the full balance for years. Debt settlement can bring lawsuits while you save, and those cases may land at the San Fernando Courthouse in the North Valley District. Once you file, those lawsuits stop. Check where your family stands on our California median income page.
More for San Fernando filers
- Bankruptcy attorney for San Fernando
- Chapter 7 attorney for San Fernando
- Chapter 13 attorney for San Fernando
- Cheap bankruptcy in San Fernando
- Affordable bankruptcy in San Fernando
- Cheap Chapter 7 bankruptcy in San Fernando
- Affordable Chapter 7 bankruptcy in San Fernando
See every fee in one place on our bankruptcy cost page.
Affordable Chapter 7 questions from San Fernando
Is Chapter 7 worth it compared with a consolidation loan in San Fernando?
Chapter 7 is often worth more than a consolidation loan for a San Fernando family that cannot pay its debt in full. A loan keeps the whole balance, while Chapter 7 can wipe it out for a one-time fee. If you can repay in a few years, a loan may fit better.
Is Chapter 7 cheaper than a consolidation loan?
Chapter 7 is usually cheaper than a consolidation loan over time, because the loan must be repaid in full with interest. Chapter 7 costs a flat fee plus the court fee and wipes out most unsecured debt.
How long until San Fernando filers are debt free in Chapter 7?
San Fernando filers are usually free of their dischargeable debts about four months after filing Chapter 7. Calls, lawsuits and garnishments stop the day the case is filed.
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.