Certified Bankruptcy Specialist
Santa Monica Office Helping You Save Time, Money & Stress

Los Angeles Chapter 7 Bankruptcy Lawyers

Helping Consumers Discharge Their Debts for Nearly Three Decades

If you are looking for relief from mountains of debt, then filing for bankruptcy can be a viable option for helping you get a fresh start in life. The way that a Chapter 7 bankruptcy works is by allowing you to liquidate your assets or possessions to your creditors as a way to get rid of your debts.

While this sounds like an ideal plan, you will definitely need to have experienced Chapter 7 bankruptcy attorneys in Los Angeles help you file for this petition. The application itself can be very complicated, but with the aid of our knowledgeable team at The Turoci Bankruptcy Firm, you can have the greatest chance of being successful in your quest for absolving debts.

Call us today at (310) 846-8454 to find out how Chapter 7 bankruptcy can rescue you from debt.

How Chapter 7 Bankruptcy Works

  • Petition: In your bankruptcy petition, you will include all the objects you currently own and list the number of debts that you need to pay off. The petition will also show which possessions are exempt, and what you can finally discharge off your debt-pile.
  • Automatic Stay: Once your petition is filed, the federal court will inform all creditors that they cannot keep repossessing your property and funds, whether through collecting monetary sums, foreclosing homes, or taking your car. This is called an automatic stay.
  • Creditor Meeting: During the first court hearing with your creditors, a trustee will discuss all your financial activities in detail. This court trustee could potentially be a lawyer, but will not be a judge, since judges are not able to preside at these types of hearings. One surprising benefit is that usually during these hearings, the defendant can often protect most of their property from being passed off.
  • Discharge: Once the court hearing takes place, you will then be able to have a final bankruptcy discharge within the next three months. This amazing option that means you no longer have to pay your owed bills. Any personal liability can now be removed, and creditors are barred from coming back to collect any more of your possessions.

What Types of Debts Are Discharged in Chapter 7?

While Chapter 7 bankruptcy can wipe out most debts, there are some debts that are not dischargeable.

Debts that can be discharged:

  • Credit card debts
  • Medical bills
  • Past utility bills
  • Collection agency accounts
  • Personal loans
  • Past rent owed under lease agreements
  • Civil court judgments (excluding fraud)

Debts that cannot be discharged:

  • Child support and alimony payments
  • Certain types of tax debt
  • Debts for personal injury or death caused by DUI
  • Debts from fraudulent acts
  • Government fines or penalties
  • Debts you did not include in your bankruptcy filing

Make sure that you discuss with your attorney the types of debts that may still remain after your bankruptcy so you are prepared to handle those types of debts.

Chapter 7 Eligibility Requirements

In order to apply for Chapter 7 bankruptcy, there are some crucial requirements that you need to pass. This is where it becomes important for a reliable legal representative to help you navigate through the process of figuring out whether you are truly eligible.

According to the standards of the Bankruptcy Code for Chapter 7, some of these key requirements include:

  • Being an individual, a registered corporation, partnership, or any other business entity, depending on the circumstance.
  • Attending counseling sessions, whether as a single individual or in a group format for credit from a licensed agency.
  • Agreement to halt business completely. Those who want to continue business activities and not resort to liquidation can file a different petition, called Chapter 11

Helping Clients in Los Angeles Navigate Complex Situations

Chapter 7 bankruptcy can be a shining light in an otherwise dark and hopeless tunnel of debt. However, we know that for every journey we take in life, our adventures will be much safer and direct if we have a knowledgeable guide. Let The Turoci Bankruptcy Firm serve you in navigating the complex application process and set you on your way to financial freedom.

Contact us now at (310) 846-8454so that when the creditors are knocking at your door, you can have our trusted Los Angeles Chapter 7 bankruptcy lawyers at your side. Schedule your free case consultation.

Client Testimonials 

Hear It From the People We Have Helped
  • I definitely recommend Mr. Turoci, he made my bankruptcy process go smoothly and easily.

    “I definitely recommend Mr. Turoci, he made my bankruptcy process go smoothly and easily. He explained everything to me. He is extremely professional and helpful. My case took less than a month and I ...”

    - Tom B.
  • The Turoci firm was amazing.

    “The Turoci firm was amazing. From the start to finish the process was transparent. I appreciate all their hard work throughout my process. Thank you”

    - Katie L.
  • I'm very happy with the service I received from the Turoci Bankruptcy Firm, and I would recommend them to anyone looking to file bankruptcy.

    “I was unemployed, and with no source of income, unable to pay my debts, so I decided to file chapter 7 bankruptcy. I went with Todd Turoci, because he office was close to where I live. Him and his ...”

    - Jamie G.
  • Todd, was great, He helped me to get through a rather tough time.

    “Todd, was great, He helped me to get through a rather tough time. He and his staff were professional and helped me along every step of the way...Great work, and I will recommend him to anyone.”

    - Eric Quinn
  • Thank you Mr. Turoci for assisting me with my financial situation. You and your staff (Daisy, Courtney, Laura, and Dana) were so helpful!

    “Thank you Mr. Turoci for assisting me with my financial situation. You and your staff (Daisy, Courtney, Laura, and Dana) were so helpful and handled my situation. Very friendly and professional. I ...”

    - Kimberly Deasey

Meet Our Legal Team

Here to Guide You Every Step of the Way
  • Todd  Turoci Photo
    Todd Turoci

    Founding Attorney

    About Todd Turoci The Turoci Bankruptcy Firm is owned and operated by Todd Turoci. The Firm limits its practice to the field of bankruptcy, insolvency, workouts and related civil litigation matters. The Firm has offices in the counties of Riverside, Los Angeles, and San Bernardino. The Firm primarily represents Consumers and Businesses as Debtors and Debtors-in-possession in Chapters 7, 11, and 13. Todd Turoci is one of the few Certified Bankruptcy Specialists in the Central District and the ...
  • Meredith  Jury Photo
    Meredith Jury

    Retired Bankruptcy Judge

    About Meredith Jury Judge Jury joined the Firm in July 2018. She has served over 20 years as Bankruptcy Judge presiding over thousands of bankruptcy proceedings. She has also served as a member of the United States Bankruptcy Appellate Panel for the Ninth Circuit. Prior to taking the bench she had over 21 years of experience as a litigator primarily practicing in bankruptcy. She was the first female associate and partner at Best, Best, Krieger, a professional law firm in Los Angeles, California. ...

The Turoci Difference

Personal Guidance Through the Entire Process
  • Certified Bankruptcy Specialists

    Todd is one of the few Certified Bankruptcy Specialists in the Central District and the only one in the Inland Empire, as designated by the American Board of Certification.

  • Free, No-Obligation Consultation

    Our firm offers free, no-obligation consultations for those who chose to retain our services.

  • Compassion

    We can understand how challenging this process can be and will guide you through, every step of the way.

  • Availability

    We offer our clients after-hour, weekend and same day appointments to meet your busy schedule.

  • Personalized Attention

    When you hire us, you will have direct access to your attorney from start to finish.

  • Bilingual

    Our team is bilingual! We service our clients in English & Spanish.

Schedule Your Free, 
No-Obligation Consultation 

Get On the Path to Restoring Your Life
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