DISCLAIMER: Please note that every case is different and these verdicts
and settlements, while accurate, do not represent what we may obtain for
you in your case.
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Chula Vista Reduction of Debt
The bankruptcy law is intended to keep higher income earners out of Chapter
7 cases, based upon the median income. One of our clients was earning
approximately $243,000.00 per year and the median income for his size
of family was $79,971.00. We fought this case for over nine (9) months
arguing special circumstances applicable to his family, and the United
States Trustee’s Office finally came around to our argument and
our client was allowed to proceed with a Chapter 7 case and get rid of
over $300,000.00 of debt.
Reduction of Taxes
One of our specialties is the reduction or elimination of taxes in bankruptcy.
Our clients came into our office with over $110,000.00 of past due taxes.
We filed a Chapter 13 case, completely eliminating $87,000.00 in taxes.
The clients paid $350.00 per month over five (5) years for the remaining taxes.
CA Past Due Accounts
Our clients came into our office past due on their first and second mortgages,
past due on their cars, and over $50,000 of credit card debt. We filed
a Chapter 13 case which allowed them to repay their past due amount on
their first mortgage. We completely eliminated their credit card debt
and eliminated (lien stripped) their second mortgage.
Most cases there is no liquidation of assets. However in about 5% there
is a potential of liquidation. We were able to protect the clients home
with $165,000.00 of equity and the only issue was the Client’s tax
refunds which the trustee told us to turn over. Our clients were thrilled
when I returned their IRS and State Tax Checks of approximately $2,000,
after we convinced the trustee that this would be a waste of time for
him to pay creditors with. Once again, no lost assets.
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