Bankruptcy Helping You Live a Debt Free Life 

Los Angeles Bankruptcy Lawyers

Representing Individuals & Small Business Owners

If you want to file for bankruptcy in Los Angeles, then please don’t hesitate to reach out to our qualified legal team at SM Law Group, APC to get the advice you need to make informed decisions that will protect your best interests. While different types of bankruptcies can provide a person with debt relief and an opportunity to get their finances back in order, determining which option to file for can be confusing without guidance from an experienced lawyer. If you are struggling to keep up with credit card debt, medical bills, or loans, then please talk to our lawyers today to discuss whether you are eligible for bankruptcy.

Dependable & Trustworthy Bankruptcy Representation

We understand that you want an attorney you can rely on who’s going to be there when you need them most during your bankruptcy case. Our boutique law firm has the extensive resources and capabilities of larger firms, and we pride ourselves on the personalized attention and customized legal strategies we provide to each of our clients. We have a proven track record of successful cases and have discharged millions of dollars of debt for clients who were able to file for bankruptcy. Not only have we been able to save small businesses and homes, but we’ve also helped the clients we serve to get their finances back on track.

Small Business Bankruptcy Services

If your business is struggling to stay afloat in this volatile economy, then you should consider filing for Chapter 7 or Chapter 11 bankruptcy. Although you may dread the thought of going out of business and the impact it will have on your employees, you still need to protect yourself from personal liability. Depending on the bankruptcy option you file for, you may be relieved of the responsibility of dealing with creditors or given additional time to get your business operation on a stable footing. Consult with us today to determine which bankruptcy option is right for your business formation. Our knowledgeable advocates will fiercely represent your best interests both in and out of bankruptcy court.

Will Bankruptcy Ruin My Credit?

There is a common misconception that bankruptcy will ruin your credit for life. But nothing can be further from the truth. It is actually the quickest way to start over and rebuild your credit. Because so many people are now filing bankruptcies, those that review your credit report will not focus on the fact that you filed bankruptcy. Instead, the focus is on how responsible you have been with the new credit you are given. This is what we mean when we say a bankruptcy will give you a second chance and a fresh start. When you file for bankruptcy, SM Law Group can also help you to understand how your credit can be affected and just how a bankruptcy can help you to rebalance your debts.

Chapter 7 Bankruptcy

In a Chapter 7 bankruptcy, all your debts will be discharged. This means you will not owe anyone any money, and new creditors will be very willing to extend credit. You will also begin receiving new credit cards within a matter of months. These new credit cards are a stepping stone to a bright new future. If they are used responsibly and paid on time every month, then this will be reflected in your credit report.

With each month of on-time payments, your credit score will increase, thus giving you the opportunity to grow. As your credit score and credit history begin to look better, other creditors will also be willing to extend credit. Our clients have been approved for major credit cards within months of filing a bankruptcy, and for new car loans within one year of filing bankruptcy. They have also been approved for home loans within 2 years of filing bankruptcy!

Chapter 13 Bankruptcy

A Chapter 13 Bankruptcy is for those that have some money left over after paying all their necessary expenses, or who have assets of significant value. People in these situations can reorganize on their debt and pay back only what they can afford to pay over a period of three to five years. Chapter 13′s can also allow a person to strip their second and junior mortgages if the value of the home is less than the balance owed on the first mortgage.

Chapter 13 lets you set up an affordable monthly payment plan to get caught up on major debts like your mortgage, car loan, and/or taxes, while significantly reducing or even eliminating minor debts like credit cards, medical bills, or personal loans. A Chapter 13 bankruptcy will essentially cut the fat so that you only pay for the important things while keeping all your assets and income.

Speak to Our Experienced Legal Team at SM Law Group

If you are considering bankruptcy to get out of debt, then please visit our law firm at your earliest convenience so we can assess your case to determine which bankruptcy option suits your situation. Our lawyers have a great deal of experience, and we will provide you with the personalized service you need to get through these troubling financial times.

To set up your free case consultation with a lawyer at our firm, call us today at (818) 805-1758.

Get a Fresh Start & Wipe Away All Your Debt

See Our Winning Case Results
  • Individual v. Credit Card Company (harassing phone calls) $300K Settlement
  • Individual v. Credit Card Company (harassing phone calls) $100K Settlement
  • Individual v. Credit Card Company (harassing phone calls) $100K Settlement
  • Individual v. Credit Card Company (harassing phone calls) $175K settlement
  • Small Business Chapter 7 Over $2 Million Debt Discharged
  • Individual Chapter 13 Over $75k in Mortgage Arrears Reorganized
  • Individual v. Credit Card Company (harassing phone calls) $250K Settlement
  • Individual v. Credit Card Company (harassing phone calls) $150K Settlement
  • Individual v. Credit Card Company (harassing phone calls) $280K Settlement
  • Individual Chapter 7 Over $1 Million Debt Discharged
  • Individual Chapter 13 $100,000 of Unsecured Debt Discharged
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Client Reviews

Hear From The People We've Helped
  • The absolute best when it comes to handling bankruptcy!

    “They do not pass any judgment upon you - they are simply there to help. I found them to be honest, reliable and timely. The support staff is extremely friendly and very informative. The lawyers have ...”

    - Anna G.
  • John and the representative who met me at the courthouse were very thorough and guided me every step of the process.

    “Thank you John Sarai and the rest of SM Law Group for helping me file my Bankruptcy Chapter 7 case. It was a smooth process. John and the representative who met me at the courthouse were very thorough ...”

    - Evitha B.
  • They made a very stressful situation much easier for me.

    “SM law group handled my bankruptcy case and I was very satisfied with their service. They made a very stressful situation much easier for me. They explained everything to me and it was fast and ...”

    - Lenny DcComics
  • I have never experienced more professional care. My phone calls and emails were answered within 5 minutes!

    “Absolutely outstanding experience! Kian Mottahedeh was my attorney. I have never experienced more professional care. My phone calls and emails were answered within 5 minutes every single time. Kian is ...”

    - Lenka Wallace
  • In the end he got me a settlement for the maximum policy limit which was triple what I expected!!!!! Thank you John!

    “I got into an accident and I called John at SM Law Group and I felt comfortable from the minute I talked to him. He was always available to talk, and didn't pass my case off to anyone else. He handled ...”

    - Negin B.
  • He allowed me time and opportunity to get my bankruptcy paid for and took care of the creditors - for that I am truly grateful.

    “I am truly thankful that I found Kian. He is a truly good person to work with. He allowed me time and opportunity to get my bankruptcy paid for and took care of the creditors - for that I am truly ...”

    - Kera Carter
  • Kian is an awesome lawyer. He helped me get through my bankruptcy.

    “Kian is an awesome lawyer. He helped me get through my bankruptcy. He is easy to talk to and patient in answering all the questions you might have. I would definitely recommend him to anyone that ...”

    - Gonzalo Ceja Canela
  • The attorneys were friendly and helpful and they responded to my emails within minutes.

    “My experience with SM Law Group was very positive. The attorneys were friendly and helpful and they responded to my emails within minutes. I would definitely recommend them to anyone who needs a ...”

    - DeEtta Copenhaver
  • Fantastic firm!!!! trustworthy, reliable, knowledgeable and always available to help.

    “Fantastic firm!!!! trustworthy, reliable, knowledgeable and always available to help. My sister and I were given the opportunity to meet this wonderful firm while they volunteered at one of the ...”

    - Teresa Aguilar Alcaraz
  • My experience with SM Law Group has been excellent.

    “My experience with SM Law Group has been excellent. My attorney was always helpful, friendly and honest with me about what I needed to do and how I needed to proceed through my bankruptcy. I just ...”

    - Wayne Roche
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In The News

Our Recent Feature in The Los Angeles Daily Journal

Learn more about the work that is captured in the news. Our team is recognized in our community and among our peers for our tireless devotion to clients facing bankruptcy and personal injury-related matters.

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