Los Angeles Bankruptcy Lawyers
King & Associates
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315 West Arden Avenue Suite 28 Glendale, California 91203 USA |
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(323) 284-5262
or (818) 334-2952
(818) 242-1012
www.kingobk.com
Contact the Firm
Law Firm Overview
King & Associates is a well-established law firm located in Glendale, California. Our firm has provided legal counsel and representation for more than 30 years. We represent individuals and families exclusively in the area of bankruptcy. Our founder, James T. King, is admitted to practice in all Federal Bankruptcy courts in California.
King & Associates has earned a reputation for providing reliable, honest and competent bankruptcy and debt relief service. Our founding attorney, James T. King, brings significant experience to our firm. Not only is he dedicated to practicing bankruptcy law, he has also consistently contributed to the field through practice, teaching and authorship by:
. Instructing legal education classes for attorneys;
. Co-authoring The Practice Guide for Consumer Bankruptcy Practitioners;
. Authoring "Chapter 13 for the Non-Chapter 13 Bankruptcy Attorneys".
Our law firm takes a team approach to working with clientele. Our team works together for effective and efficient results for our clients. Attorney King is the lead attorney in each case the law firm handles. However, you will also be assisted by the friendly, responsive and experienced staff at the law firm. There is a paralegal assigned to each client to assist with e-mail and documentation. This is how we help to keep costs down and to do our best for each client.
Our law firm handles matters throughout Los Angeles and the surrounding region.
Practice Areas
Additional Practice Areas: Chapter 7 Bankruptcy; Chapter 13 Bankruptcy; Garnishments and Bank Levies; Credit Counseling; Loan Modifications; Second Mortgages.
Practice Areas Description
Our practice areas include:- Chapter 7 Bankruptcy
Chapter 7 is a liquidation bankruptcy. Generally in bankruptcy, a trustee liquidates assets and uses funds to pay unsecured creditors a portion of what they were owed. However, in Chapter 7 cases generally individuals do not have assets to administer. In most Chapter 7 cases, individuals are allowed to keep their personal belongings because they are exempt from liquidation. For that reason, Chapter 7 is advantageous because generally individuals can keep their belongings and many of their debts are forgiven forever. Chapter 7 truly provides you with a fresh start in life.
- Chapter 13 Bankruptcy
Chapter 13 bankruptcy allows individuals who have a regular income to develop a debt reorganization plan that pays all or part of their debts over a 36- to 60-month period. Often Chapter 13 is used to save a home that is in foreclosure and to cure any back payments that were missed over the course of the debt repayment plan. Once the three- to five-year payment plan is completed successfully, the individual's debt is discharged just as it is in a Chapter 7 bankruptcy.
- Credit Counseling
There is a lot of false information that circulates about bankruptcy. Often individuals and families, who do not understand that they are eligible for debt relief through bankruptcy, struggle with their debt. They try to cut back and work second jobs, but their debt compounds with astronomical interest rates, making it impossible to pay back. Our law firm is committed to educating our clients on the options that are available for them. Your situation is unique, and our legal team works hard to help you find the best path for your individual situation.
- Garnishments and Bank Levies
Our law firm can address garnishments and bank levies through bankruptcy.
Garnishment: If a creditor pursues a judgment against you for the debt you owe, he or she possesses the ability to have the sheriff seize your assets.
Bank levy: A bank levy is similar in that a creditor must obtain a judgment from a court in order to take action. Once a judgment is obtained, it allows the creditor to seize assets from the debtor.
- Loan Modifications
One option to address your mortgage payments is loan modification. A loan modification is a permanent change in one or more terms of the loan. A loan modification is used so that individuals can afford their payments. There are attorneys who offer loan modification services; however, individuals can do a loan modification on their own. There is a simple process that involves filling out documentation. One program that uses loan modification to help individuals meet their mortgage is the Home Affordable Modification Program (HAMP). There are eligibility requirements to qualify for HAMP. If you qualify, the program can lower your monthly mortgage payment, making it affordable.
- Second Mortgages
If you have a second mortgage on your home, it is possible that you can discharge this debt through a bankruptcy. However, there are specific rules for taking this action. In a Chapter 13 bankruptcy, it may be possible to discharge part of your second mortgage if certain conditions are met. If the outstanding balance on the first mortgage is higher than the value of property, then you may be in luck. In cases where this happens, the second mortgage is treated as wholly unsecured claim. Because the property is not as valuable as it once was, it cannot serve as a security interest. Essentially, the second mortgage (lien) can be stripped from the property and the homeowner will receive a break on the payments. Contact a lawyer for more details on this process.
- Foreclosure
Choosing a family home is one of biggest investments an individual makes. A great deal of time and energy goes into that choice because a home is a place where memories are built. When individuals face financial difficulties and cannot pay their mortgage, one of the greatest concerns is, "Will I lose my home?" Our law firm can provide you with the information you need to understand foreclosure in bankruptcy.
Attorneys
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Mr. James T. King
Attorney Bankruptcy, Credit and Mortgage, Debt Relief |
More Information on King & Associates
Los Angeles, California Bankruptcy AttorneysGlendale, CA Chapter 7 Bankruptcy Attorney
Chapter 13 Bankruptcy Lawyer, Glendale, CA
Glendale, California Credit Counseling Lawyers
Garnishment Attorneys in Glendale, California
Glendale, California Loan Modification Lawyer
Second Mortgages Attorney in Glendale, CA
Glendale, California Foreclosure Law Firm
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