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Chapter 7 vs Chapter 13 Bankruptcy Explained

Chapter 7 vs. Chapter 13 Bankruptcy Explained

Understand the key differences between Chapter 7 and Chapter 13 bankruptcy, including eligibility, process, and outcomes for California residents.
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Couple working on their finances

The Chapter 7 Bankruptcy Process in the San Fernando Valley

Chapter 7 bankruptcy can help you erase debt and start fresh. Learn the full process for San Fernando Valley residents from start to discharge.
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Portrait of happy diverse couple sitting in kitchen using laptop and paying bills. staying at home in isolation during quarantine lockdown.

What to Expect in the Chapter 7 Bankruptcy Process

Learn what to expect in the Chapter 7 bankruptcy process in California, from filing and exemptions to discharge.
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What Assets are Exempt from Chapter 7?

What Assets are Exempt from Chapter 7?

Filing for Chapter 7 bankruptcy doesn’t mean you lose everything. In fact, California law protects a wide range of personal property through exemptions.
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Cons of Filing Chapter 13

What are the Cons of Filing Chapter 13?

Learn the key downsides before you file Chapter 13, including long repayment plans, strict budgeting, and credit impacts.
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Who is Eligible for Chapter 7 Bankruptcy

Who is Eligible for Chapter 7 Bankruptcy?

Chapter 7 is the most common form of consumer bankruptcy, but is it right for you and your situation? Find out and then speak to an attorney.
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What Happens When an LLC Declares Bankruptcy?

What Happens When an LLC Declares Bankruptcy?

Companies sometimes need bankruptcy protection. Knowing your options is the first place to start to learn what options are available to you.
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California Bankruptcy Forum

Larry Simons to Speak at CBF’s Bankruptcy-Con 2025

At the California Bankruptcy Forum’s 37th Annual Insolvency Conference—affectionately dubbed Bankruptcy-Con—Larry Simons will take the stage as a featured speaker on the panel “Kryptonite to the Mighty Homestead and Retirement Exemptions.”
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NACBA

Larry Simons Leads Practical Panel at NACBA 2025

In this highly approachable and interactive session, Larry Simons invites new attorneys and paralegals into the practical world of Chapter 7 bankruptcy through the lens of a trustee.
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Bankruptcy isn’t a dirty word – it’s a tool you can use to get your financial life back on track.