Bankruptcy Attorneys for Individuals & Businesses
Financial difficulties can feel overwhelming, but with the right legal guidance, there’s a path to relief and recovery. At Lo & Lo, our experienced bankruptcy lawyers help individuals and businesses navigate the complexities of bankruptcy law with confidence and clarity. Since 1981, we have been committed to providing compassionate, client-focused legal solutions for those facing financial hardship.
Our team understands that behind every financial situation is an individual, which is why we take a personalized approach to bankruptcy and debt relief. Whether you’re an individual burdened by credit card debt or a business struggling to keep operations afloat, we work tirelessly to identify the best legal and financial strategies for your needs. If you’re also facing challenges due to accidents or injuries, our experienced personal injury lawyer can provide the dedicated support you require.
Bankruptcy is a powerful legal tool that provides relief to those overwhelmed by debt, but it is also a nuanced process governed by intricate laws and regulations. Lo & Lo is here to ensure that you understand your options, protect your rights, and achieve the fresh start you deserve.
Why Choose Lo & Lo for Bankruptcy Representation?
At Lo & Lo, we understand that financial struggles can be both emotionally and financially taxing. Our goal is to provide empathetic, effective legal guidance that helps you achieve the best possible outcome. Here’s why clients trust us:
- Decades of Experience: Since 1981, we have successfully represented clients in a wide range of bankruptcy cases, from straightforward debt discharges to complex adversarial proceedings.
- Client-Centered Approach: We take the time to understand your unique financial situation, tailoring our strategies to meet your specific needs and goals.
- Creative Problem-Solving: We analyze your case from every angle, crafting innovative solutions that address both your immediate challenges and long-term financial health.
- Compassionate Advocacy: We approach every case with empathy and respect, offering nonjudgmental support during a difficult time.
- Zealous Representation: Whether negotiating with creditors or litigating in court, we fight tirelessly to protect your rights and achieve the best possible outcome.
Trusted Counselors and Litigators
Recognized as a Top Attorney on Pasadena Magazine’s prestigious peer-recommended list for eight consecutive years: 2017, 2018, 2019, 2020, 2021, 2022, 2023, and 2024.
Our Bankruptcy Services
We provide comprehensive bankruptcy services designed to address the needs of both individuals and businesses. Below are the key areas of our bankruptcy practice:
Chapter 7 Bankruptcy: Debt Liquidation
Chapter 7 bankruptcy is often referred to as “liquidation bankruptcy.” It allows individuals and businesses to discharge unsecured debts, such as credit card balances, medical bills, and personal loans. This form of bankruptcy is ideal for those who cannot realistically repay their debts and need a clean financial slate. Consulting with lawyers experienced in debt settlement can provide valuable guidance on whether this option suits your financial situation.
Our Chapter 7 bankruptcy services include:
- Eligibility Assessment: We evaluate whether you meet the requirements for Chapter 7 bankruptcy, including the means test, which determines whether your income and expenses qualify you for this type of debt relief.
- Filing Your Case: We prepare and file all necessary bankruptcy petitions and schedules to ensure compliance with federal and state laws.
- Asset Protection: We work to protect exempt assets, such as your home, car, and personal belongings, from being liquidated during the bankruptcy process.
- Debt Discharge: We guide you through the process of discharging your eligible debts, giving you a fresh start financially.
With Lo & Lo by your side, you can navigate Chapter 7 bankruptcy with confidence and peace of mind. Our experienced Alhambra Chapter 7 bankruptcy attorney will guide you through the process every step of the way.
Chapter 13 Bankruptcy: Debt Restructuring
For individuals with a steady income, Chapter 13 bankruptcy offers an opportunity to restructure debts and create a manageable repayment plan. This plan allows you to pay off debts over three to five years while keeping your assets, such as your home or car.
Our Chapter 13 bankruptcy services include:
- Developing a Repayment Plan: We help you create a court-approved repayment plan that is tailored to your financial situation. This plan consolidates your debts into manageable monthly payments.
- Negotiating with Creditors: We work with your creditors to secure favorable repayment terms and resolve disputes.
- Stopping Foreclosures and Repossessions: Filing for Chapter 13 bankruptcy can halt foreclosure proceedings and repossessions, giving you the opportunity to catch up on missed payments.
- Managing Debt Priority: We ensure that priority debts, such as taxes and child support, are appropriately addressed within your repayment plan.
Chapter 13 bankruptcy allows you to regain control of your finances without losing your assets, and with the guidance of an experienced Chapter 13 bankruptcy attorney, Lo & Lo is here to make the process as smooth as possible.
Debt Relief and Bankruptcy Alternatives
Bankruptcy isn’t the only solution for financial difficulties. At Lo & Lo, we also help clients explore alternatives to bankruptcy, such as debt settlement and debt consolidation. These strategies can provide relief without the need for formal bankruptcy proceedings.
- Debt Settlement: We negotiate with creditors to reduce the total amount of debt you owe, often resulting in significant savings.
- Debt Consolidation: We assist clients in consolidating multiple debts into a single loan with more manageable payments and lower interest rates.
- Financial Counseling: Our attorneys provide practical advice on budgeting, financial planning, and managing debt to help you avoid future financial challenges.
If bankruptcy isn’t the right option for you, we’ll guide you toward an alternative solution that aligns with your financial goals.
Adversarial Proceedings in Bankruptcy
Bankruptcy can sometimes involve litigation, known as adversarial proceedings, which arise when disputes occur during the bankruptcy process. We provide skilled representation in these cases, ensuring that your rights and interests are protected.
Our adversarial proceedings services include:
- Creditor Disputes: We handle disputes with creditors who challenge the discharge of debts or attempt to collect on debts after bankruptcy has been filed.
- Fraud Allegations: If you are accused of bankruptcy fraud, such as misrepresentation of assets or income, we will defend you against these serious allegations.
- Trustee Disputes: We assist clients in resolving disputes with bankruptcy trustees, including disagreements over asset valuation and exemptions, actions involving preferential and fraudulent transfers, and nondischargeability actions.
Bankruptcy-related litigation can be stressful and complex, but with Lo & Lo in your corner, you’ll have experienced advocates fighting for a fair outcome.
The Bankruptcy Process
Filing for bankruptcy involves a series of steps, each requiring careful attention to detail. Lo & Lo is here to guide you through the entire process, ensuring compliance with all legal requirements and minimizing stress. The process typically includes:
- Initial Consultation: We meet with you to discuss your financial situation and determine whether bankruptcy is the right solution for you.
- Document Preparation: Our team gathers and organizes all necessary financial documents, including income statements, tax returns, and lists of debts and assets.
- Filing the Petition: We prepare and file your bankruptcy petition with the appropriate court, initiating the bankruptcy process.
- Automatic Stay: Once your petition is filed, creditors are legally prohibited from pursuing collection actions, such as wage garnishments or foreclosure.
- Meeting of Creditors: You’ll attend a meeting with the bankruptcy trustee and your creditors, where your financial situation and bankruptcy plan will be reviewed.
- Plan Confirmation (Chapter 13): If you’re filing for Chapter 13 bankruptcy, the court must approve your repayment plan.
- Discharge of Debts: Upon successful completion of the bankruptcy process, eligible debts will be discharged, providing you with a fresh financial start.
Lo & Lo will be with you every step of the way, offering clear guidance and unwavering support.
Take Control of Your Financial Future
Financial hardship can feel like an insurmountable obstacle, but with the right legal guidance, you can regain control of your finances and move forward with confidence. At Lo & Lo, we’re dedicated to helping individuals and businesses overcome debt and achieve lasting financial stability. With the support of an experienced business law lawyer you can navigate complex financial challenges and find a path toward a more secure future.
If you’re considering bankruptcy or exploring alternatives to debt relief, contact us today at 626.289.8838 to schedule a consultation. Let experienced California lawyers help you take the first step toward a brighter financial future.
Attorney Kelvin J. Lo
Kelvin J. Lo is a partner at the firm and head of the litigation team. Having been in the legal field since 2010, Kelvin has gained significant experience and a deep knowledge of the law, which he uses to achieve favorable outcomes for his clients. He represents individuals and businesses, large and small, in commercial litigation, real estate litigation, bankruptcy litigation, personal injury litigation, and employment litigation in both state and federal courts from the inception of disputes through litigation, trial, appeals, and the enforcement and collection of judgments and debts.
