Woodland Hills Bankruptcy Lawyers

Is Bankruptcy for Me or My Business?

"Bankruptcy" is not a bad word. Many people who fail to consider bankruptcy would have done so if they better understood its advantages over other forms of debt relief. Resolving debt problems outside of bankruptcy may result in deficiency claims and possibly negative income tax consequences.

Debt consolidation, debt modification and debt relief outside of bankruptcy create a dangerous path filled with many potholes. Filing bankruptcy using an experienced attorney will eliminate these dangerous pitfalls.

"Many of our clients start out wondering 'Can I file bankruptcy?' We know how to get our clients get a discharge if they qualify. We have a high success rate for qualifying bankruptcies." - Attorney Michael H. Raichelson

The U.S. Bankruptcy Code provides for several types of debt relief mechanisms depending upon a petitioner's financial circumstances and goals. Bankruptcy does not mean "failure." It does not mean "irresponsible." In many cases, it is an overdue acknowledgment of both a financial problem and its most efficient cure.

We are The Law Offices of Michael H. Raichelson in Woodland Hills, California. Our competent bankruptcy lawyers are ready to evaluate your financial situation and offer sound advice designed to put you on the road to financial recovery.

San Fernando Valley Consumer Bankruptcy Attorney

When potential clients tell us they are considering bankruptcy, we ask them a simple question: "Can you pay off your debts in three to five years?"

If the answer is "no," they have a big problem. Robbing Paul to pay Peter is not a real solution. The endless juggling of bills, mortgage payments and creditor notices will not stop unless you take action to make it stop. In the meantime, you could lose your car, your house, your valuable property and harm your family's future.

By declaring bankruptcy, you can stop this endless cycle and restore sanity to your financial life.

Answering Your California Bankruptcy Questions

As a responsible and supportive San Fernando Valley bankruptcy law firm, we aim to assist our clients in whatever ways possible. Meet with us, and we will give you straightforward answers to your most pressing questions, including:

Can I file for bankruptcy? The process is easier than you might think.
What is Chapter 7 bankruptcy? If you qualify, which many people do, this bankruptcy provides the most relief for many individuals, including those with enormous debts following a medical emergency, loss of employment or divorce.
What is Chapter 11 bankruptcy? If your business needs to reorganize your debts or you do not qualify for a Chapter 7 or Chapter 13 bankruptcy, this chapter may be the right choice for you.
What is Chapter 13 bankruptcy? This type of personal bankruptcy takes longer and has more requirements than Chapter 7, but may be the best choice if you have many assets to preserve or your income level is too high. It is similar to debt consolidation and may save your home from foreclosure. Also, you may be able to "strip" your second mortgage under certain circumstances.
Are any of my assets exempt from liquidation? Like all states, California exempts certain assets from creditors in a bankruptcy action. Exemptions protect your assets from liquidation and an experienced bankruptcy attorney will help you keep your property.
How can I protect my assets? Exemptions are just part of a strategy to protect your home, car and other possessions during a bankruptcy. Under the right circumstances, we can strip off second liens and cram down your creditors' liens to the actual value of the property.

Other Bankruptcy Services — Defending Creditors' Rights

We represent both bankruptcy filers and creditors in proceedings surrounding bankruptcies through adversary proceedings, creditor representation and relief of stay actions.

Woodland Hills Bankruptcy Attorney | Van Nuys Consumer Bankruptcy Attorney

We know how to get our clients a discharge if they qualify. We have a high success rate for qualifying bankruptcies.

For a free consultation, contact us online or at 818-921-7306.

Spanish translation is available. Servicios de traducciones disponibles.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

I was in a really horrible place financially after the collapse of my business due to the economic recession. A friend referred me to the law offices of Michael Raichelson. At the very first meeting Mr. Raichelson put me at ease, assessed my situation and informed me that bankruptcy was the best option and told me he would guide me through the entire process. Everything went so smoothly and I'm so grateful to Michael and his staff for their support and successful resolution of my case. 'm now off to a brand new start and life! R.B
If you are going through a bankruptcy this is the attorney to use. He is a thorough, caring and most of all a patient attorney who knows how to get the job done with no surprises. I highly recommend him and would hire him again. N.K.
We are extremely satisfied with how Mike handled our case. After consulting with numerous lawyers about our bankruptcy filing, we picked Mike because he proposed a bankruptcy filing strategy for our situation that was most favorable to us than other's proposal. He is knowledgeable, professional, courteous, responsive and got the job done quickly. He completely looked after our best interest and delivered results as he had promised from the initial consultation.
S.P.
Manager, Employer Contracts
HNCA
When my husband became permanently disabled and unable to work any longer we were devastated. We had bills, like every American does, that were not going to be able to be paid with the loss of income. When I found out that I was going to be laid off from my job we didn't know what we were going to do. After speaking to an attorney locally I was very discouraged and didn't think we were going to have any hope at all with our bills. I then looked online and found Michael Raichelson. My husband and I went to speak with him and boy did he put our mind at ease. We left his office feeling that there was hope and a way out. He was the biggest help in making us feel assured that all was going to be okay. The process was fast and painless and I believe this was due to the professionalism and good work of Michael and his firm. We were blessed to have found Michael and even further blessed to get the help we needed.
K and J
To Whom it May Concern:
As clients of Michael H. Raichelson, my wife and I are extremely pleased to recommend his services.
When we first met Michael, our situation was pretty grim. Health problems, unemployment, and a drastic drop in the value of our house had turned our lives upside down. We just couldn't pay our bills.
Credit counseling and our research on the internet made it clear that bankruptcy was inevitable. What wasn't clear was what bankruptcy would mean for us. We felt like we were being pushed over the edge and would lose everything. Fortunately, that's when we were referred to Michael.
Michael understood what we were going through. Due to his experience with the court where we had to file and his knowledge of current, real-world conditions with creditors and banks, he was able to explain exactly what would happen and when. After our first meeting, we felt like a tremendous physical weight had been lifted from our shoulders. We felt like we were in control of our lives again.
Today, everything has unfolded just as Michael had told us it would. We are debt free and enjoying a fresh start. We strongly urge anyone faced with bankruptcy to have Michael help them as he has helped us.
Sincerely,
R.F.D

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The Law Offices of Michael H. Raichelson
6400 Canoga Avenue
Suite 352
Woodland Hills, CA 91367
Phone: 818-921-7306
Toll Free: 888-367-5012
Fax: 818-444-7776
Woodland Hills Law Office

The Law Offices of Michael H. Raichelson
1000 Town Center Dr.
Suite 300
Oxnard, CA 93036
Oxnard Law Office

SuperLawyers NACBA National Association of Consumer Bankruptcy Attorneys

The Law Offices of Michael H. Raichelson in Woodland Hills, California, serves bankruptcy clients in the San Fernando Valley (The Valley) region of Southern California, including Los Angeles, Burbank, Glendale, San Fernando, Hidden Hills, Calabasas, Encino, Sherman Oaks, Van Nuys, Ventura, Simi Valley, West Hills, Oak Park and Agoura Hills. We serve all communities in Los Angeles County and Ventura County.