Jonathan Robert Panossian’s Answers

Jonathan Robert Panossian

Burbank Bankruptcy Attorney.

Contributor Level 9
  1. How do I know when my bankruptcy case is discharged?

    Answered over 4 years ago.

    1. Jonathan Robert Panossian
    2. Mark Aalam
    3. Harley Aaron Feinstein
    3 lawyer answers

    Congratulations on your new beginning! A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are discharged The debtor will receive their discharge automatically unless there is litigation involving objections to the discharge. The Federal Rules of Bankruptcy Procedure provide the clerk of the bankruptcy court to mail a copy of the order of discharge to the...

    Selected as best answer

  2. Do you really need to include your secured debt(i.e car payment) under a chapter13 plan to allow 2nd lien strip? Help!

    Answered about 4 years ago.

    1. Jonathan Robert Panossian
    2. Dorothy G Bunce
    3. David Michael Serafin
    4. Mitchell Paul Goldstein
    4 lawyer answers

    First off, I recommend that you seek the advice of another bankruptcy attorney in your area. I am not aware of any part of the Bankruptcy Code that says that if you do not include the car payment so that it is paid through the Chapter 13 plan, then you cannot strip a second mortgage with a Lam Motion. The benefit of including the car payment so that it is paid through the Chapter 13 plan is so you can make the payments more manageable by spreading it out over three or five years, pay the...

    2 people marked this answer as helpful

  3. Lien Stripping Payment Plan?

    Answered about 4 years ago.

    1. Jonathan Robert Panossian
    2. Mitchell Paul Goldstein
    3. Dorothy G Bunce
    3 lawyer answers

    First off, I am recommending that you seek the advice of a bankruptcy attorney in your area prior to taking any action. I know many people try to file their own bankruptcies, but I have seen many Chapter 13 bankruptcies (and many Chapter 7 bankruptcies for that matter) butchered because the debtor didn't know what they were doing and were trying to save money by going it alone. The advice of a knowledgeable bankruptcy attorney can go a long way. Your Chapter 13 plan payment for unsecured...

    1 person marked this answer as helpful

  4. Can I declare bankruptcy to stop a default judgment if the clerk has just entered my default at the bank's request?

    Answered about 4 years ago.

    1. Gerald Lawrence Wolfe
    2. Jonathan Robert Panossian
    3. Shalem Shem-Tov
    3 lawyer answers

    I noticed that you are not too far away from my office. You are more than welcome to call my office to schedule a free initial consultation so that I can assess your situtation (800-921-4601). My colleague is correct. Filing for bankruptcy will put Automatic Stay in place so that the negative effects of the judgment will cease. I also recommend that you seek the advice of a bankruptcy attorney in your area (whether through me or another attorney in your area). Bankruptcy sometimes isn'...

    1 person marked this answer as helpful

  5. I am currently in foreclosure and bankruptcy. Just received an eviction notice to be out in 3 days. Do I have any options?

    Answered over 4 years ago.

    1. Jonathan Robert Panossian
    2. Kenny Kean Tan
    2 lawyer answers

    My colleague is correct. Many times clients will ask me if bankruptcy will stop a foreclosure. I tell them that it will, but only temporarily. The creditor can file a Motion for Relief of Automatic Stay and pursue the foreclosure process. There length of time that the bankruptcy will delay a foreclosure varies from case to case. It is really up to the creditor as to when they file the MFR. Good luck with you! www.JRP-LAW.com Jonathan Panossian, Esq. Disclaimer: The information...

    1 person marked this answer as helpful

  6. Motion for relief from stay in chapter 7?

    Answered over 4 years ago.

    1. Jonathan Robert Panossian
    2. Vincent A. Gorski
    2 lawyer answers

    One of the benefits of filing for Chapter 7 Bankruptcy is automatic stay. While Chapter 7 won't "save your home", the automatic stay will temporarily delay a foreclosure. Many individuals are choosing to file for Chapter 7 Bankruptcy as a means to stay in their real property for a little while longer. After the filing of your Chapter 7 Bankruptcy, the creditor can choose to file a Motion for Relief of Automatic Stay (MFR). This is the creditor's way of removing the "roadblock" of the...

    1 person marked this answer as helpful

  7. What is the average fee for a bankruptcy lawyer in Fremont, California

    Answered about 4 years ago.

    1. Jonathan Robert Panossian
    2. Tony E Carballo
    2 lawyer answers

    Chapter 13 Bankruptcy filing fee is $274.00 and the attorney fees are $4,000.00. Chapter 7 Bankruptcy filing fee is $299.00 and the attorney fees vary from case to case. I recommend that you seek the advice of an experienced bankruptcy attorney prior to taking any action. Most bankruptcy attorneys will give a free initial consultation and will quote you a fee at that time. Other less expensive alternatives are for you to file the paperwork yourself or to go to a petition preparer. With...

  8. My 2nd reads "Home Equity Bankruptcy Dept. Statmen is for info purpose & does not cons an attempt to collect a debt" do i owe?

    Answered about 4 years ago.

    1. Frank Wei-Hong Chen
    2. Jonathan Robert Panossian
    3. Linda Calderon Garrett
    3 lawyer answers

    First off, I recommend that you seek the advice of a bankruptcy attorney in your area prior to taking any action. It sounds like you still owe the balance of the HELOC, but cannot tell for sure without seeing the document that you received. Creditors usually include the extra language about "not attempting to collect a debt" to comply with certain rules with the FDCPA. It may be in your best interest to speak to a bankruptcy attorney about filing a Chapter 13 with a lien strip or settling...

  9. I filed Chap 7, but kept my house and car. I had equity line of credit loan,can they come after me to pay that amount?

    Answered about 4 years ago.

    1. Jonathan Robert Panossian
    2. Tony E Carballo
    3. Dorothy G Bunce
    4. Mitchell Paul Goldstein
    4 lawyer answers

    My colleague is correct. Depending how long ago you filed your Chapter 7, you may be able to strip your second mortgage by filing a Chapter 13 and filing a Lam Motion. I recommend that you go to a Bankruptcy attorney in your area to investigate this option further. In addition, you might be able to settle your second mortgage (HELOC) outside of bankruptcy. If the lien holder for the second mortgage is afraid that you are going to let your property go via foreclosure, you are at least...

  10. I want to file to become a citisen but i have credit problem. will that affect my petition?

    Answered over 4 years ago.

    1. Tony E Carballo
    2. Leonora Gorelik
    3. Jonathan Robert Panossian
    3 lawyer answers

    I noticed that you live in Los Angeles, California, which is near my office in Burbank, California My colleague is correct. You should seek the advice of an immigration attorney prior to filing for Bankruptcy. I would also like to add that you need to have a social security number to file for bankruptcy. When you attend the 341(a) hearing after filing bankruptcy, you will need to provide proof of your social security number, whether it be your original social security card or original W-...