Los Angeles, CA
Chapter 13 bankruptcy Lawyer at Los Angeles, CA
Practice Areas: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy ... +2 more
OUTCOME: 2ND and 3RD home loan eliminated and Chapter 13 Plan approved for a low monthly payment of $ 292.00
Two income earner household. Couple live in nice piece of property; however, besides the 1ST loan, they have a second and a Judgment Lien (3RD). In addition, they have credit cards debts of abou ... t $40,000.00 No equity, property underwater with the first.
OUTCOME: Plan approved for a monthly payment of $670.00 for an unsecured debt of $251,768.00.
High earner individual (two jobs); however, lost a lawsuit with a large judgment against her. Additionally, has large credit card balances for a grand total of over $251,768.00. She did not qualify for ... chapter 7 because of her high income; therefore, we filed a chapter 13 instead. Her Chapter 13 Plan was approved an now she has to pay only $670.00 a month, based on her income, for a $ 400,000.00 debt.
OUTCOME: Chapter 11 plan approved
Debtor has two houses, a home and a rental property. She got behind in payment to do a loan modification (LM). One West accept originally the LM but later on change its mind and proceeded to forecl ... ose. Because her loan was over 1.4 million did not qualify for chapter 13. We filed a Chapter 11 and the plan was approved in about 6 months.
OUTCOME: Disclosure Stament approved by the court after 5 months of filing the case, case still pending for Plan approval.
Second chapter 11 for Debtor. We filed the current chapter 11 around a month after dismissal of the first case. Debtor has a 44 unit complex that was having some financial difficulties and the second ... mortgage was filing a receivership against debtor. We file for protection and avoid the state action and to reorganize the arrears of debtor.
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