Los Angeles Chapter 7 Bankrupty

Chapter 7 bankruptcy is the most common type of bankruptcy case filed by individuals and married couples. In a Chapter 7 bankruptcy case, the client will begin the process by meeting with an experienced attorney to review their financial situation. The attorney will review the client’s assets, income, debts and financial history to see if the client is a good candidate for Chapter 7 bankruptcy. Bankruptcy has a Means Test which looks at the Client’s average income in the last six months and compares to the median income in Los Angeles for a similar household size. The Means Test also looks at a list of hypothetical expenses for various living costs in Los Angeles and comes up with an amount of monthly disposable income that a Client should have available. If the client’s disposable income is very low or negative, then they qualify for Chapter 7, if not, then they must do a Chapter 13 case.

There are other issues that must be looked at in a Chapter 7 – simply being eligible according to the Means Test does not mean a Client’s assets are all safe or that Chapter 7 is the right choice. We offer a no charge, no obligation consultation where clients can get an in depth analysis of their current financial situation and look at all the options available to them.


If Chapter 7 is the correct option, then the case normally takes 90-100 days from start to finish. All eligible debts are discharged (most debts other than recent income taxes, student loans, domestic support obligations, and a few other rare types are dischargeable in Chapter 7).

During the case, the Client will have to attend a 341(a) “Meeting of Creditors.” If the client lives in Los Angeles, the meeting will be held at 725 S. FIgueroa St. Los Angeles, Ca 90017. The Client’s attorney will should be present with them at the 341 meeting. Far too many firms these days use “appearance attorneys” who are not familiar with a client’s case. Here at the Bodie Law Firm, the attorney that handles your case and files it with you is the one who will be with you at the hearing. We do not use “appearance attorneys.”

When the case is over, the Client’s debts are discharged and they get a fresh start and move on with their lives debt free. 

Disclaimer: We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Nothing contained in this website should be construed as legal advice. Consult with an attorney for advice regarding your individual situation. Contacting us through this website does not create an attorney-client relationship. Nothing in this website is intended as tax advice, nor is it intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Attorney Brett Bodie is responsible for this website.