A Dedicated Team Focused on Finding Solutions We're here to help you find and gain financial relief.

Frequently Asked Questions

Cerritos Bankruptcy Lawyer

What is bankruptcy and how does it work?

Bankruptcy is a court based process that allows an individual or corporation to be relieved of some or all of their debts, while keeping many of their assets. It is intended give a person a new financial start. At RJB Law Offices, the process begins with understanding your unique financial situation and what you want to achieve. We then get to work compiling information on your financial situation that will be presented to the court in the form of a petition, to start the bankruptcy process.

Are there different kinds of bankruptcy?

The main types that apply to individuals are called Chapter 7 and Chapter 13 bankruptcy. An experienced Cerritos bankruptcy attorney can fully brief you on each type and their advantages or disadvantages. In Chapter 7, certain assets will be sold and the proceeds used to pay off creditors. Some debts will simply be discharged by the court. Chapter 13 involves a plan in which you and your creditors agree upon paying back your debts over a specified period of time, usually 3-5 years. This repayment plan is approved by the court as well and after the time period of the plan has elapsed, debts that remain can be discharged by the court.

Will I lose my home and other assets?

Keep in mind that bankruptcy is intended to get a person back on his or her feet. In bankruptcy, therefore, you will generally be able to keep your home, vehicles, bank accounts, retirement accounts, 401k's and other valuables up to a certain amount. Chapters 7 and 13 bankruptcies do operate differently and which one we file on your behalf will depend on what you want to achieve and your current financial situation.

Can bankruptcy do anything about creditor calls or foreclosure?

When you file for either type of bankruptcy, a court action automatically goes into effect that prevents creditors from taking collection actions. The exception to this is a creditor that has been specifically approved to collect by the Bankruptcy Court. On the subject of foreclosure, normally the filing of your bankruptcy petition will either stop or stall the proceedings. We work with our clients to ensure they make an informed decision on the type of bankruptcy they will file and how it can affect foreclosure.

Contact a Cerritos Bankruptcy Lawyer for any questions regarding bankruptcy and gaining a new financial start in life.

Real Stories From Real People

  • Past Client

    My husband and I are very pleased with how RJB Law Office helped us in our financial situation and appreciate the continues tips to better ourselves in our finances and building up our credit.

  • Past Client

    Excellent service and very good advice.

  • Past Client

    Genuine, capable and kind.

  • Past Client

    Ray and his firm took great care of us during difficult times.

  • Past Client

    Attorney Bulaon was attentive, personable, professional, and clearly explained all the available options.

  • Past Client

    The experience, honesty and integrity of your law firm have helped me and many others get that chance to build a better financial future.

  • Past Client

    Your help has made me emotionally and financially stable. Now I have the chance to move forward.

  • Past Client

    We can breathe easier now. We wish to thank you and all the members of your office.

  • Past Client

    Thank you for everything. You will always be included in our prayers.

  • Past Client

    My heartfelt thanks and gratitude for all the help you gave me.

  • Past Client

    You were all very caring, professional and understanding through it all.

  • Past Client

    Thank you so much for accommodating us and your sound advice.

  • Past Client

    Thank you for helping us in time of need. Now we can start a new life.

  • Past Client

    We consider you to be heaven-sent during the time of our financial burden.

  • Past Client

    The harassing phone calls from collectors have stopped and my life is finally moving forward.

  • Past Client

    I would like to take a moment to say that I am truly grateful for your professional and personal assistance in this matter.

Download Our Free eBook Personally Written by Ray Bulaon, Attorney at Law

Learn about common mistakes to avoid, the 4 "big lies" about bankruptcy, rebuilding your credit, facing foreclosure, and more! We've helped thousands of clients overcome their debt issues.

Why Choose Us

We Put You & Your Needs First
  • We've helped thousands of people and businesses find debt relief.

  • We are known for honest, knowledgeable, and client-focused service.

  • We are a multi-lingual firm with attorneys fluent in English, Tagalog, and Armenian.

  • We will treat you, like we treat all our clients, with respect and decency.

Contact Us

We're Ready to Help
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.