Cheap Chapter 7 · El Segundo
Cheap Chapter 7 Bankruptcy in El Segundo for Simple Cases
A simple Chapter 7 is less common in El Segundo, where the median household earns more than California's four-person median of $139,071. But not every household here is the median. A simple Chapter 7 case with us starts at a $1,200 flat fee plus the $338 court fee. Call (310) 362-9071 to see if yours is simple.
- Simple Chapter 7 from $1,200
- About four months, filing to discharge
- No property sold in most simple cases
- Filed in the Los Angeles Division
Does your El Segundo case fit a simple Chapter 7?
El Segundo's median household income of $150,737 is above California's median even for a family of four, so many filers here need the full means test, which subtracts real living costs. About 58% of El Segundo homes are rented, and renters with little property usually fit the simplest kind of case.
- Your income passes the means test. See the California median income figures.
- Your property fits within California's exemptions. Most renters and people with modest cars do.
- You do not own a business with its own assets or debts.
- You have not moved money or property to family in the last two years.
- You have not had a Chapter 7 discharge in the last eight years.
Simple Chapter 7 cases in El Segundo
A simple, low-cost Chapter 7 fits El Segundo filers who rent, have had income drop in the last six months, and do not own costly assets. A single renter earning under $79,253 is under the state median for one person and can skip the longer part of the means test. Things get complex when you own a condo with equity, hold shares from an employer plan, or run a side business in the Smoky Hollow district. Owners face the biggest hurdle, since El Segundo's median home value of $1,587,500 is far above what the homestead exemption covers. We tell you at the first meeting which kind of case you have.
What can make a Chapter 7 cost more
Here is what usually turns a simple case into a bigger one: property the exemptions do not fully cover, business income or debts, a recent large payment to a relative, an older bankruptcy, or a creditor who sues inside the case. You will know before you hire us if any of these apply.
Lowering the $338 court fee
The court fee is the same for every Chapter 7 filer in the country. You can pay it in up to four installments within 120 days, or ask the court to waive it if your household income is under 150% of the federal poverty guideline. Cases from El Segundo are filed with the Los Angeles Division at 255 East Temple Street.
More for El Segundo filers
- Bankruptcy attorney for El Segundo
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- Affordable bankruptcy in El Segundo
- Cheap Chapter 7 bankruptcy in El Segundo
- Affordable Chapter 7 bankruptcy in El Segundo
See every fee in one place on our bankruptcy cost page.
Cheap Chapter 7 questions from El Segundo
Can an El Segundo renter who lost a job file a simple Chapter 7?
Yes, an El Segundo renter who lost a job can often file a simple Chapter 7. The means test averages your income over the six months before filing, so a recent layoff can bring you under the state median.
What is the cheapest way to file Chapter 7 in El Segundo?
The cheapest way to file Chapter 7 in El Segundo with a lawyer is a simple case with a flat fee, plus a fee waiver or installments for the court fee if you qualify. Our flat fee starts at $1,200.
Does the court fee ever get waived for Chapter 7?
The court fee for Chapter 7 can be waived when household income is under 150% of the federal poverty guideline and you cannot pay in installments. Otherwise, the $338 fee can be split into up to four payments.
Free consultation
See if your El Segundo Chapter 7 is a simple case
Call (310) 362-9071 or send the form. Bring your last six months of pay stubs.
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.