Consumer & Business Debt
A Law Firm for Businesses & Consumers
At Weintraub Zolkin Talerico & Liu LLP, many of our clients interested in filing bankruptcy have been given misinformation from other sources. Many of our clients have been told that the relatively new bankruptcy laws passed in 2005 have made obtaining a liquidation of their debts under Chapter 7 personal bankruptcy impossible. This is just not true. Such liquidation may be still be possible.
Contrary to popular belief, new bankruptcy laws do not eliminate Chapter 7 bankruptcy. Credit card companies and banks thought they bought the “means test” legislation to do just that. However, our highly skilled and experienced bankruptcy attorneys in Los Angeles can help our clients achieve their goals in Chapter 7 bankruptcy. Weintraub Zolkin Talerico & Liu LLP has a long record of success helping our clients qualify for complete consumer and business debt relief under Chapter 7.
Consumer & Nonconsumer Debt
New bankruptcy laws draw an important distinction between consumer debt and business debt (also called “nonconsumer debt”). If the majority of your total debt is business debt or nonconsumer debt, none of the new obstacles to bankruptcy apply. To learn more about the new bankruptcy laws and your business and consumer debt, please call us at today.
Unlike fly-by-night companies that may be unregulated and uninsured, we are a law firm with a reputation to protect. Some debt relief agencies may promise you an unrealistic reduction in your consumer or business debt but may only offer you another bill to pay with nothing to show for it. The law firm of Weintraub Zolkin Talerico & Liu LLP, however, is made up of licensed and insured attorneys with a long list of successful cases to their credit. Our success is based upon the success of our clients. Even as the laws impacting bankruptcy change, our attorneys remain committed to understanding these changes and working to create practical solutions for our clients.
When you contact us, we will perform a careful analysis of your situation and determine if your debts should be classified as consumer debt or nonconsumer debt. If we can identify enough nonconsumer debt, you may still qualify for Chapter 7 bankruptcy liquidation. Our Los Angeles debt relief attorneys will also identify any other opportunities to help you avoid business bankruptcy or personal bankruptcy. The way your debt is classified, the results of the means test and many other factors will allow us to help you with real debt relief for your business or personal finances.
Call our firm at or contact us online to schedule your consultation today.
