Bankruptcy Attorney In Los Angeles, CA

 

Overwhelming debt, high-interest rates, and medical bills can make it feel impossible to start over. Creditors may threaten garnishment or asset seizure, leaving you stressed and uncertain. Fortunately, you have options—and an experienced attorney can guide you through them.

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Attorney Eric Bensamochan has helped hundreds of clients navigate complex bankruptcy matters, including Chapter 7, Chapter 11, and Chapter 13 filings. With a personalized strategy for each client, Eric works to protect assets, address creditor claims, and create a path toward financial stability.

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Whether you are an individual or a business facing financial hardship, Eric Bensamochan combines legal expertise with practical solutions, giving you the guidance and support needed to move forward with confidence.

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The Small Business Reorganization Act (SBRA), effective currently, created Subchapter V of Chapter 11 of the Bankruptcy Code to make bankruptcy reorganization faster, simpler, and more affordable for small businesses and certain individuals engaged in business. Under Subchapter V, eligible debtors can restructure their debts with fewer administrative burdens and streamlined deadlines compared to a traditional Chapter 11 case. There is no requirement to form a creditors’ committee, no need for a costly disclosure statement, and the absolute priority rule does not apply in the same way, helping business owners retain value in their reorganized operations. For small business owners overwhelmed by debt or facing financial instability, Subchapter V can be a practical alternative to traditional bankruptcy — giving you the structure and legal tools needed to reorganize and move forward.​

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Chapter 7 bankruptcy, also known as liquidation bankruptcy, allows individuals to discharge most unsecured debts and gain a fresh financial start. Dischargeable debts typically include credit cards, medical bills, personal loans, and certain business debts. Some debts, however, cannot usually be discharged, such as student loans, most taxes, and domestic support obligations.

In Chapter 7, debtors may choose to surrender or retain secured property, such as vehicles or real estate, depending on their ability to continue making payments. This process helps eliminate overwhelming debts while allowing clients to keep property they can afford, under applicable bankruptcy law.

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Attorney Eric Bensamochan has extensive experience helping clients navigate Chapter 7 bankruptcy in California. He works to protect assets, maximize debt discharge, and guide clients through the process with clear, practical advice—helping them achieve a fresh financial start.

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Chapter 11 bankruptcy, is designed for businesses and individuals seeking to restructure debts while continuing operations. Unlike Chapter 7, Chapter 11 allows companies to retain assets, renegotiate contracts, and implement a court-approved plan to restore financial stability.

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Attorney Eric Bensamochan has extensive experience guiding both corporations and small businesses through Chapter 11 filings, including Subchapter V cases for qualifying small businesses. With his expertise, clients receive practical strategies to reorganize debt, protect assets, and preserve their business operations during challenging financial periods. Eric combines deep legal expertise with a client-focused approach to ensure that each case is handled efficiently and effectively, providing the guidance needed to achieve the best possible outcome.

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Chapter 13 bankruptcy allows individuals with a regular income to repay debts over a period of 3–5 years under a court-approved repayment plan. Unlike Chapter 7, Chapter 13 helps debtors retain their property, including homes, vehicles, and other assets, while catching up on missed payments or restructuring obligations.

Debts such as credit cards, medical bills, and arrears on secured loans can be included in the plan. Chapter 13 is particularly beneficial for individuals seeking to protect their primary residence from foreclosure or consolidate multiple debts into a single, manageable payment plan.

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Contact the office today to discuss how a Chapter 13 repayment plan can help you restructure debts, keep your property, and take the first step toward financial stability.