At The Orantes Law Firm, we are committed to helping clients through any of their bankruptcy, estate planning, or complex litigation needs. Schedule a free consultation today. Our Los Angeles Office is located in Koreatown near the intersection of Wilshire Boulevard and Normandie Avenue.
In California, there are two main legal standards for wage garnishment. The first is the Consumer Credit Protection Act (CCPA). Specifically, Title III of the CCPA concerns the wage garnishment process. Title III restricts the amount of earnings that can be garnished to 25% of disposable weekly income after mandatory deductions for taxes or the amount by which disposable earnings are greater than 40 times the minimum wage. Title III ended the practice of creditors taking a high percentage of wages to pay outstanding debt, but it does allow up to 50% or 60% garnishment for past-due taxes and child support.
Spousal Support
If you file for Chapter 7 bankruptcy, the automatic stay will not affect garnishments for payment of child support or alimony but it will stop all other types.
Once you decide to file bankruptcy, you must not take out any more payday loans, as that could be considered bankruptcy fraud. If you pledged your car title for a loan, let attorney Giovanni Orantes know so we can deal with the loan as a secured debt.
There are ways that owners can protect their interests in a business. For example, if a business is sold, the owner may negotiate an employment agreement with the new owners. If a business entity is dissolved, the absolute priority rule may not apply.
The Orantes Law Firm has helped residents of greater Los Angeles with their business bankruptcy, consumer bankruptcy, and commercial and complex litigation matters for more than a decade. With our diverse backgrounds and specialized knowledge, we are able to provide thorough and trustworthy bankruptcy counsel to individuals and businesses in the following locations...
Foreclosure
Bankruptcy can be an effective tool for dealing with debt from multiple mortgages on commercial property and personal residences. Filing bankruptcy will put an immediate stop to a foreclosure. If you have multiple mortgages, it may also allow you to make your payments more affordable.
Tax Law
Attorney Giovanni Orantes has extensive experience in matters involving tax issues in bankruptcy and debt forgiveness. Mr. Orantes advises individuals, small businesses, real estate investors and corporations regarding the tax implications of debt forgiveness. Giovanni Orantes can provide you with the advice you need to make informed decisions.
Debt Collection
If you have been sued in a debt collection matter or you are about to lose a collection lawsuit, Orantes Law Firm, can file an emergency bankruptcy petition. This essentially freezes things where they are, preventing the creditor or any other creditor from gaining control of your assets. We can then develop an appropriate plan of action. Get legal help today.