Bankruptcy Attorney in Los Angeles

Over the past few years with the economy going in the dumps I lost my job, ability to pay for my mortgage and credit card bills. I lost my job at the company I was at for over 12 years. I had to take a lower paying job and the money was significantly less than I was making before. Needless to say, we fell way behind on our bills and were maxing out out credit cards at an alarming rate.

Before we even knew it, we were so far underwater there was no way we could repay it back. I mean, we wanted to, we really did,  but we simply had depleted all our savings. Between keeping our car on the road, insurance, excise tax, food, clothes etc. we got in too deep. I looked into debt reduction services, but even with getting our credit cards under control we still couldn’t manage to pay it back, even with a lower rate.

A friend had mentioned bankruptcy. All I knew about bankruptcy was that it was for people with a lot of money, business types etc., but at this point me and my wife had nothing to lose. We found a california bankruptcy attorney by the name of Matthew E. Faler. We had a consultation and ended up filing Chapter 7. To make a long story short, we got to keep our house and didn’t lose any of our vehicles. We still have to pay our mortgage but the credit card debt was history.