Recent Successes | The Law Offices of Michael H. Raichelson

The Law Offices of Michael H. Raichelson's Winning Bankruptcy Outcomes

Chapter 11 Plan Confirmed Reducing Principal and Interest

Los Angeles Bankruptcy Attorney Michael H. Raichelson obtained confirmation of a Chapter 11 bankruptcy involving several income producing properties. The debtors in this Chapter 11 bankruptcy hired Law Offices of Michael H. Raichelson, a bankruptcy firm near Los Angeles, to replace their then attorney because he failed to provide them with adequate representation for almost a year.

During the bankruptcy process, Michael H. Raichelson obtained agreements from lenders and/or court orders reducing the interest rates on at least six loans secured by real property to between five percent and five and one-half percent. Also, he obtained reductions (i.e., crammed down) in the principal balances on several real estate loans of one-half to one-third their original loan balances.

Chapter 11 Plan Confirmed Reducing I.R.S. Debt

After unsuccessfully attempting to negotiate with the I.R.S. outside of bankruptcy, a used car dealer turned to the Law Offices of Michael H. Raichelson in that he felt he had been backed into a corner. After filing a Chapter 11 bankruptcy, Michael H. Raichelson was able to secure an agreement with the I.R.S. reducing the principal, interest and penalties owed to the I.R.S. from over $900,000 to $150,000 spread out over seven years.

Chapter 13 Plan Confirmed Stripping Off Second Mortgage

With their house underwater and months behind on their first and second mortgage, a couple in their thirties with two children turned to the Law Offices of Michael H. Raichelson for a fresh start. After filing their Chapter 13 Plan, the Law Offices of Michael H. Raichelson was able to confirm a Chapter 13 Plan repaying the amounts they were behind over 60 months and to obtain an order stripping off their second mortgage upon completion of their Plan.

Motion to Dismiss Adversary Complaint Granted

A respected businessman had been wrongfully sued by in bankruptcy court for allegedly receiving a preference. The Plaintiff refused to dismiss the adversary complaint voluntarily, forcing the Law Offices of Michael H. Raichelson to file a Motion to Dismiss. The Motion to Dismiss was granted and the clients saved thousands of dollars in that they did not have to fight the lawsuit in bankruptcy court.

Motion to Dismiss Involuntary Chapter 7 Petition Granted

Frustrated in state court by the defense that the Law Offices of Michael H. Raichelson put up in response to a business dispute, the Plaintiff wrongfully turned to bankruptcy court and filed an Involuntary Chapter 7 Petition against the client. The Law Offices of Michael H. Raichelson filed a Motion to Dismiss, which was summarily granted.

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

Bold labels are required.

Contact Information Name

E-mail Address Please enter a valid e-mail address.

Phone

Brief description of your legal issue

Please verify that you have read the disclaimer. I have read the disclaimer. disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

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.