Michael Shemtoub's Wilshire Law Group Navigates Clients Towards a Brighter Financial Future
Respected Southern California bankruptcy attorney, Michael Shemtoub, understands better than anyone how hard the recent recession has been on average Californians. Like other bankruptcy lawyers in the Los Angeles area, Shemtoub has been helping many clients through the challenging process of bankruptcy, guiding them to a much brighter financial future.
Clients Who Normally Wouldn't Visit a Los Angeles Bankruptcy Attorney
Often times, filing for bankruptcy is associated with poor financial management or poor impulse control. The stigma attached to those who experience bankruptcy is that they bought too many things they really didn't need, or took extravagant risks that their income level didn't support. When it comes to small businesses, the assumption is the same: many assume small businesses facing bankruptcy today have proprietors who just weren't cut out for business.
The truth of the matter is quite different. Between out-of-control health care costs and the worst economic free-fall since the Great Depression, the people filing for bankruptcy today are often people who never expected to face the prospect of bankruptcy.
Some of Shemtoub's clients are families, where the primary breadwinner has lost his or her job and hasn't been able to find another due to California's high rate of unemployment. Other clients are people with good jobs and good health insurance who nevertheless face insurmountable medical bills due to a sudden trauma or illness.
As for the small business owners, any California bankruptcy lawyer can tell you that many of the small businesses filing for bankruptcy today are businesses that were prosperous before the recession, but due to one major client going out of business, they too now face bankruptcy.
Bankruptcy Represents a Second Chance
Michael Shemtoub is a Los Angeles Bankruptcy lawyer who firmly believes that bankruptcy offers consumers and small business owners a second chance at financial stability and success. Many people facing a bankruptcy put off filing because of the stigmas mentioned above, but this is the worst possible decision when bankruptcy becomes inevitable.
In many cases, clients who take a proactive stance and file for bankruptcy sooner rather than later will be able to save many of their hard-earned assets. These assets might include a house, a car, or family heirlooms; in the case of a business, it might include a business' inventory. Saving these assets is the job of an experienced California bankruptcy attorney like those at the Shemtoub's Wilshire Law Group – but their ability to give debtors a second chance hinges upon the individual client's proactive response to their own financial situation. All too often, debtors hide their heads in the sand, waiting until it is too late to save their assets.
About the Wilshire Law Group
At the Wilshire Law Group, Shemtoub and the rest of the staff make two very important promises to clients and potential clients. The first promise is a free consultation, giving clients who might face bankruptcy a chance to discuss their case with a qualified bankruptcy attorney. The second promise is to return all calls from clients within twenty-four hours. Although it may seem like a simple thing, too many legal firms forget that their job is to serve their clients, rather than the other way around. The Wilshire Law Group understands the importance of good customer service. If you're looking for a bankruptcy attorney in Southern California, start by placing a call to the Wilshire Law Group.
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California bankruptcy laws permit the use of central supplemental exclusion in combination with California exemptions laws. These laws are made from United States Code; title no 11 of federal bankruptcy laws.
Warning: In direct violation of rule Rule 1-400 of the CALBAR Professional Conduct, some attorneys in the San Fernando Area have set up a commission based call center structure to increase earnings.
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Bankruptcies in Southern California have risen in the past two years at an alarming rate. As a California bankruptcy attorney who has served Southern California for many years, Michael Shemtoub has seen first-hand the devastation the recession has wreaked upon average California families, and shows its commitment to clients new and old through two main promises: clients can discuss their case with a skilled Los Angeles bankruptcy lawyer during a free consultation and every call will be returned
Bankruptcy is a legal situation where an individual or a firm owes someone a credit. The individual or the firm is then termed as a debtor and the one whom the credit is owed to is known as a creditor.
Students from both private and public universities all over the country may also provide low cost or free advice. The sessions will only achieve directing clients to the right legal path in filing the right papers. Note that with the new bankruptcy laws taking into effect making the bankruptcy filing process more difficult than usual, an experienced bankruptcy attorney will be worth your money.
Many people who enter the bankruptcy process worry about the fate of their credit. This is actually unnecessary as the bulk of credit damage happens before the bankruptcy process is even initiated. While no one wants the added hassle of rebuilding their credit after resolving debt troubles, doing so can put you leaps ahead of others in the credit game.
Americans are now filing Chapter 7 or 13 Bankruptcy to get their debts under control. Bankruptcy in itself is designed for debt elimination. Chapter 7 bankruptcy functions to cancel out unsecured debt such as utility or medical bills, credit card, etc. Chapter 13 Bankruptcy on the other hand is designed to give individuals more time in repaying all their debts.
Filing for bankruptcy is good news whenever you are struggling with your credit card debt, mortgage or medical bills. Bankruptcy laws help families and individuals in their debt struggles. You have two options on how to deal with your debt problems, Chapter 7 (debt elimination) and Chapter 13 (reorganization). Always remember that you can regain credit again after successfully filing your bankruptcy.
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While some consumers may consider filing for bankruptcy without an attorney, respected Los Angeles, California bankruptcy attorney Shemtoub of the Wilshire Law Group advises strongly against it. Without an experienced California bankruptcy lawyer, consumers can easily find themselves confused, overwhelmed, and making mistakes that cost them a fortune.
Bankruptcies in Southern California have risen in the past two years at an alarming rate. As a California bankruptcy attorney who has served Southern California for many years, Michael Shemtoub has seen first-hand the devastation the recession has wreaked upon average California families, and shows its commitment to clients new and old through two main promises: clients can discuss their case with a skilled Los Angeles bankruptcy lawyer during a free consultation and every call will be returned
In many bankruptcy proceedings, the debtor does have a right to challenge which debts are or are not discharged, but so do the debtor's creditors. A creditor, such as a bank or a credit card company, can object with the court in writing before the deadline set in the bankruptcy notice.
As a California bankruptcy attorney can explain, most student loans cannot be discharged even when you file for bankruptcy.
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