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Bankruptcy Pitfalls

Woodland Hills Bankruptcy Process Lawyer

Filing bankruptcy is not without its risks. That is why it is important to have the guidance of an experienced bankruptcy lawyer as you work through the process. At Leventhal Law Group, P.C., I counsel clients about bankruptcy, telling them what to expect and helping them avoid pitfalls along the way. Rather than handling bankruptcy as a sideline, I focus on Chapter 7, Chapter 13 and Chapter 11 bankruptcy. It is the core of my practice.

Call a Los Angeles-area lawyer at the Leventhal Law Group, P.C. at 818-456-0397.

Things to Avoid Before Bankruptcy

When I conduct a free initial consultation with potential clients, we discuss some of the things they may be tempted to do to solve their financial problems. Most of these can make matters worse, not better. I warn them against:

  • Cashing in their retirement funds
  • Credit repair scams, especially for-profit "credit doctors"
  • Asset transfers to a friend or relative in the mistaken belief that this will protect the asset
  • Risky second mortgages

Possible Bankruptcy Risks

We also talk about things that could go wrong during the bankruptcy process. These are highly unlikely to occur if you have a seasoned and knowledgeable bankruptcy lawyer. However, it is important to be aware of bankruptcy pitfalls such as:

  • Incomplete filings that leave you liable for debts that were not listed
  • Failure to use the exemptions allowed, resulting in the unnecessary loss of property
  • Dismissal of your case because it was not properly filed
  • Missed deadlines
  • Paperwork and calculation errors

As an attorney who focuses on bankruptcy, I know how to find all your debts, even those that you might be unaware of. I have incorporated accuracy checks into the paperwork process, ensuring that typos and incorrect calculations will not derail your bankruptcy filing. I know the exemptions available under California law thoroughly, and clients can be assured that they will be able to keep all the property to which they are entitled.

Contact a Bankruptcy Lawyer

Call 888-324-9623 toll free to schedule a free initial consultation with attorney Jonathan Leventhal. You will always speak with me, not a paralegal.

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