bankruptcy lawyer | Torrance, CA | Law Office of David J. Workman | 310-543-1151

Get control of your financial situation.

You'll feel nothing but relief as soon as we give you your options in a financially difficult time.



Chapter 7 Bankruptcy:

Chapter 7 is a court-supervised process whereby people are able to WIPE OUT:

  • Credit cards
  • Personal loans
  • Medical bills
  • Repossessions
  • Mortgage deficiencies
  • Judgments

Most Chapter 7 clients are able to keep their car and/or a house for which they are still making payments. Clients can also surrender and "walk away" from a car or house if they cannot afford to make the payments, and wipe out the liability on the loans. The vast majority of Chapter 7 bankruptcies in California allow people to protect their assets in full.

Chapter 13 Bankruptcy:

Chapter 13 Bankruptcy allows you to create a court-supervised repayment plan to give yourself time to repay some or all of your debt. Your Chapter 13 options include:

  • Stop foreclosure on your property.
  • Stop repossession of a vehicle.
  • Put recent tax liability in a reasonable payment plan.
  • Protect your business from creditors.
  • Protect assets at risk of liquidation under Chapter 7.
  • Strip off a second mortgage or HELOC on your residence or rental property.

IRS and FTB Resolution:

Payment Plans: Assistance can be provided to obtain a reasonable payment plan on your back tax debt that still allows you to maintain your everyday expenses.

Offer In Compromise: You may qualify to settle your tax debt for pennies on the dollar. It is important that all factors are considered before pursuing this option.

Bankruptcy: Taxes CAN be discharged in bankruptcy if they meet all of the requirements. David J. Workman can analyze your back taxes to verify if this option will work for you.

This law firm is a "debt relief agency" as defined by federal law. We help people and small businesses obtain relief under the United States Bankruptcy Code.

bankruptcy lawyer | Torrance, CA | Law Office of David J. Workman | 310-543-1151

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