Los Angeles Bankruptcy Lawyer, Hamid Soleimanian, Assists Individuals in Getting a Financial Start

    LOS ANGELES, CA, October 20, 2011 /24-7PressRelease/ -- The Consumer Bankruptcy Project recently released a report showing an increase of 150 percent in seniors filing for personal bankruptcy between 1991 and 2007. For those between the ages of 75 and 85, the increase was even higher: a whopping 433 percent. Los Angeles bankruptcy attorney, Hamid Soleimanian, now helps individuals such as these who are filing for Chapter 7 and Chapter 13 bankruptcy so that they can receive a financial fresh start.

Bankruptcy can be a complicated procedure during a difficult time in an individual's life. The assistance of a seasoned California bankruptcy lawyer can be an invaluable asset, regardless of whether the person is filing for Chapter 13 or Chapter 7 bankruptcy.

Hamid Soleimanian, Bankruptcy Attorney Los Angeles

Soleimanian guides his clients throughout the entire bankruptcy process and answer questions regarding business bankruptcy. A Chapter 7 bankruptcy, frequently called a liquidation bankruptcy, is available to those who pass the means test. A certain portion of property will be considered as bankruptcy exemptions, and often much of the debtor's property will be saved in this way. The remainder may be sold to pay debts. Any remaining debt will then be discharged.

A Chapter 13 bankruptcy is for those whose income is sufficient to allow them to pay off a portion of their debts. They will file a payment plan for catching up on any missed payments for certain debts, paying off certain secured debts, and any remaining income may go towards paying unsecured debts. This payment plan will last for three to five years, after which any remaining debt will be discharged.

Those who are considering filing for bankruptcy should contact an experienced bankruptcy attorney in California to help them make the best decisions for their situations. A financial fresh start may be right around the corner.

Hamid Soleimanian, bankruptcy lawyer in Los Angeles, has been representing his clients for more than 14 years. An active member of the California State Bar Association, Hamid Soleimanian is considered one of the Los Angeles area's most respected multi-practice law firms.

Visit http://www.mrlawwiz.com for more information about bankruptcy and how Hamid Soleimanian can assist you with the process. You can call (818) 501-2040 or visit their office at 16633 Ventura Blvd. Suite 503 in Encino, CA 91436.

PR by http://www.seocompanyca.com

# # #