Los Angeles Real Estate Attorneys
Los Angeles Real Estate Attorneys is a Sussman & Associates practice handling real estate, construction, foreclosure, bankruptcy and timeshare matters.
Bankruptcy attorneys in Beverly Hills
A Beverly Hills bankruptcy consultation should connect home equity, secured loans and sustainable payments—not rely on a promise to protect property.
“Can I keep my house?” calls for a property analysis, not a blanket assurance. Before a Beverly Hills bankruptcy consultation, separate estimated market value, each secured loan balance, ownership shares and arrears. A house price is not the owner’s equity, and keeping an asset is a different question from whether payments must continue.
The federal courts’ explanations of Chapter 7 (www.uscourts.gov) and Chapter 13 (www.uscourts.gov) distinguish liquidation from a repayment plan. They cannot select a chapter for an individual. Ask counsel to review exemptions, secured claims and income requirements, and explain whether the proposal survives a change in the valuation or income assumptions.
For commission, business or self-employment income, one recent bank deposit tells too little. Assemble tax information, statements, business expenses and known changes ahead. Identify business ownership and personal guarantees separately from debts owed only by an entity. The ability to sustain future payments belongs in the same discussion as protecting property.
Compare firms by asking what keeping the home would require, which financial facts remain unverified and what work falls outside the filing quote. Send any threatened-sale or foreclosure date with the appointment request; a complete financial binder can follow.
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Law Offices of Michael Jay Berger
Bankruptcy firm handling Chapter 7, 11, and 13 filings, creditor's rights, and business reorganization, with multilingual staff.
None of the firms on this page match those filters.
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Common questions
Does a high property value rule out bankruptcy?
Not by itself. Equity, ownership, secured debt, applicable exemptions and income require individual review. A single valuation does not determine eligibility or the outcome for an asset.
Would resolving personal liability also eliminate mortgage payments?
Do not equate personal liability with the lender’s rights against collateral. Ask separately about the loan, lien and payments required to retain the home.
Do I need a formal appraisal before the first meeting?
Bring the valuation information you have, its date and current loan statements. Identify estimates, then ask what further valuation is needed before ordering a paid report.