Cheap Chapter 7 · Monterey Park
Cheap Chapter 7 Bankruptcy in Monterey Park for Simple Cases
Nearly half of Monterey Park homes are rented, and renters with little property often have the simplest Chapter 7 cases. 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 Monterey Park case fit a simple Chapter 7?
Monterey Park's median household income of $81,855 is below California's median for a two-person household ($102,797), so many local filers clear the first step of the means test. About 48% of Monterey Park 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 Monterey Park
A simple, low-cost Chapter 7 usually means you rent, drive a modest car and earn less than the state median for your household size. Monterey Park's median household income of $81,855 is a little above California's one-person median of $79,253 but far below the two-person median of $102,797. So a single earner at the city median may need the full means test, while a couple at that income usually passes the first step. Cases get harder when you own a home with equity, run a side business, owe recent taxes or moved money to relatives before filing. We sort this out at a free consultation, in person or by video.
What can make a Chapter 7 cost more
A Chapter 7 stops being simple when there is something extra to protect or explain. Common examples are a house or car worth more than the exemptions cover, a side business, money given to family before filing, or a creditor who claims fraud. We spot these at the consultation and quote the fee in writing.
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 Monterey Park are filed with the Los Angeles Division at 255 East Temple Street.
More for Monterey Park filers
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- Affordable Chapter 7 bankruptcy in Monterey Park
See every fee in one place on our bankruptcy cost page.
Cheap Chapter 7 questions from Monterey Park
Is my Chapter 7 case simple if I rent in Monterey Park?
Your Chapter 7 case is often simple if you rent in Monterey Park and own little property. It can get more complex if you have a business, a recent tax debt or income above the median for your household size.
Is a cheap Chapter 7 possible if I rent in Monterey Park?
A cheap Chapter 7 is often possible if you rent in Monterey Park and have little property, because renters usually have fewer exemption issues. Our flat fee for simple cases 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 Monterey Park 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.