Los Angeles Bankruptcy Attorney and Bankruptcy protection from Bank Levy
Many Los Angeles Bankruptcy clients call our office and inquire how they can stop a bank levy. Once a bankruptcy case has been filed, an automatic stay goes into effect. The automatic stay is a provision in Federal bankruptcy law that protects Debtors from creditor collection attempts like bank levies.
The timing of filing a Chapter 7 bankruptcy case is very important. If a case is filed correctly and in a timely manner, a Debtor can potentially avoid a bank levy. Our office prides itself being anAffordable Bankruptcy Attorney assisting local Los Angeles Debtors.
If you are facing collection attempts it is very important to contact a reputable bankruptcy attorney. If assistance is obtained in a timely fashion, a bank levy can be avoided. Keep in mind, that not everyone qualifies for Chapter 7 bankruptcy protection. In order to stop collection attempts, a bankruptcy attorney must determine if you are eligible to commence a bankruptcy case. Eligibility requirements vary and depends on your income and household side. It also depends on if your assets can be protected based on California bankruptcy exemptions.
During the consultation, we will advise you what documents are required at the initial meeting. Some of the documents are required are last six months of pay stubs, last 2 years of tax returns, and any lawsuits you may have. Moreover, you banking institution may have also given certain bank levy documents.