When facing financial difficulties, Chapter 13 bankruptcy can offer a path to debt relief and financial stability.
This legal process allows individuals to restructure their debts and create a manageable repayment plan.
For residents of Los Angeles dealing with overwhelming debt, finding the right legal representation is crucial.
Borowitz & Clark stands out as a top choice for Chapter 13 bankruptcy representation in Los Angeles. Their team of experienced attorneys specializes in helping clients navigate the complexities of bankruptcy law.
You can benefit from their expertise in crafting tailored repayment plans and negotiating with creditors to achieve the best possible outcome for your financial situation.
1) Paul Hastings LLP
Paul Hastings LLP is a prestigious law firm with a strong presence in Los Angeles.
Their Financial Restructuring practice offers expert guidance in Chapter 13 bankruptcy cases.
The firm’s experienced attorneys can help you navigate the complexities of bankruptcy law.
They provide comprehensive representation for debtors and creditors in domestic and cross-border Chapter 11 cases.
Paul Hastings LLP’s team is skilled in out-of-court reorganizations, refinancings, and distressed acquisitions.
You can benefit from their expertise in debtor-in-possession financing and various types of bankruptcy litigation.
Their attorneys have a track record of handling high-profile cases.
For instance, they’ve advised chapter 11 trustees overseeing multi-million-dollar bankruptcies and assisted companies in pre-packaged bankruptcy cases.
If you’re facing financial challenges, Paul Hastings LLP can provide tailored solutions.
They aim to help you achieve the best possible outcome in your bankruptcy proceedings.
The firm’s partners, such as Charles Persons, bring extensive experience to the table.
You can trust their knowledge in complex domestic and international bankruptcy matters.
With offices in Dallas and other major cities, Paul Hastings LLP offers accessible legal support.
Their team is ready to guide you through every step of the Chapter 13 bankruptcy process.
2) Sheppard Mullin Richter & Hampton LLP
Sheppard Mullin is a renowned law firm with a strong presence in Los Angeles.
Their team of experienced attorneys can provide expert guidance for your Chapter 13 bankruptcy needs.
The firm boasts a diverse range of practice areas, including bankruptcy and restructuring.
You can benefit from their comprehensive legal services and deep understanding of complex financial matters.
Sheppard Mullin’s Los Angeles office is strategically located in the heart of the city.
This prime location allows you easy access to their skilled bankruptcy attorneys when you need assistance.
The firm has received numerous accolades for its legal expertise.
Many of their Los Angeles attorneys have been recognized among the Best Lawyers in America, highlighting their commitment to excellence in the field.
With over 1,000 attorneys across multiple offices, Sheppard Mullin offers the resources of a large firm combined with personalized attention.
You can expect tailored solutions for your unique bankruptcy situation.
The firm’s reputation extends beyond Los Angeles, as they have been ranked among top litigation firms by BTI Consulting.
This recognition speaks to their ability to handle complex legal matters effectively.
When you choose Sheppard Mullin for your Chapter 13 bankruptcy case, you’re selecting a firm with a proven track record of success and a commitment to client satisfaction.
3) Weil Gotshal & Manges LLP
Weil Gotshal & Manges LLP is a prestigious law firm with a renowned bankruptcy litigation practice.
Their team has a proven track record of representing clients in complex bankruptcy-related matters both in the United States and internationally.
When you work with Weil, you gain access to unmatched expertise in bankruptcy litigation.
Their attorneys are skilled at handling challenging cases and providing innovative solutions to complex legal issues.
The firm’s bankruptcy litigation practice is consistently ranked among the top in the field.
Their lawyers are recognized for their talent and experience in Chambers Global, Chambers USA, and Legal 500 US.
At Weil, you’ll find attorneys like Gary T. Holtzer, who is described as a “talented bankruptcy attorney” and a “confident, experienced and calm” presence on complicated transactions.
Gary is highly regarded for his work in restructuring and insolvency.
The firm’s expertise extends to various aspects of bankruptcy law, including corporate restructuring, crisis management, and distressed M&A. You can rely on their counsel for both domestic and cross-border cases.
Weil Gotshal & Manges LLP has office locations across major cities, including Los Angeles.
This allows you to access their top-tier bankruptcy litigation services locally while benefiting from their global reach and resources.
4) Sidley Austin LLP
Sidley Austin LLP is a prestigious law firm with a strong presence in Los Angeles.
Their bankruptcy litigation team is known for handling complex and sophisticated cases across the United States.
The firm’s Los Angeles office has earned recognition in numerous industry publications.
In the 2018 U.S. News – Best Lawyers® “Best Law Firms” Survey, Sidley Austin received several first-tier rankings, highlighting their expertise in various practice areas.
When you choose Sidley Austin for your Chapter 13 bankruptcy needs, you gain access to a deep bench of experienced litigators.
Their attorneys are well-versed in all aspects of bankruptcy cases, ensuring comprehensive representation for your financial matters.
Sidley Austin’s Global Restructuring group consists of over 60 full-time restructuring lawyers.
These professionals are primarily located in key offices, including Los Angeles, providing you with local expertise backed by global resources.
The firm’s commitment to excellence has earned them a reputation as a California Powerhouse in Law360’s Regional Powerhouses ranking.
This recognition reflects their ability to handle complex legal matters effectively and efficiently.
By selecting Sidley Austin LLP for your Chapter 13 bankruptcy case in Los Angeles, you’re choosing a firm with a proven track record of success.
Their experienced attorneys can guide you through the intricacies of bankruptcy law and help you achieve the best possible outcome for your financial situation.
5) Jones Day
Jones Day is a prominent law firm with a strong presence in Los Angeles.
Their bankruptcy practice has been representing leading corporations and capital providers for five decades.
You can expect experienced attorneys who handle complex bankruptcy cases.
The firm’s Los Angeles office boasts lawyers recognized in The Best Lawyers in America® 2025, indicating their expertise in the field.
Jones Day’s bankruptcy team has worked on high-profile cases.
For instance, Bruce Bennett, a leading lawyer at the firm, was the lead attorney for the Los Angeles Dodgers in its chapter 11 case and $2.15 billion acquisition.
The firm’s expertise extends beyond corporate bankruptcies.
They have experience in municipal bankruptcies as well, having represented Orange County, California in its bankruptcy proceedings.
When choosing Jones Day, you’re selecting a firm with a proven track record in handling significant bankruptcy matters.
Their attorneys are well-versed in various aspects of bankruptcy law, including chapter 13 cases.
You can benefit from their extensive knowledge and experience in navigating complex financial restructurings and bankruptcy proceedings.
Their team is equipped to handle both individual and corporate bankruptcy cases efficiently.
6) O’Melveny & Myers LLP
O’Melveny & Myers LLP is a prestigious law firm with a strong reputation in bankruptcy and restructuring cases.
Their team of experienced lawyers has handled numerous high-profile cases, making them a top choice for Chapter 13 bankruptcy representation in Los Angeles.
The firm’s bankruptcy practice is well-regarded in the legal community.
They have been recognized by Chambers USA for their expertise in bankruptcy and restructuring matters.
You can expect comprehensive legal support from O’Melveny & Myers LLP throughout your Chapter 13 bankruptcy process.
Their attorneys are skilled in negotiating with creditors and developing effective repayment plans.
The firm’s professionals have received accolades for their work.
For instance, Steve Warren, a partner at O’Melveny & Myers, has been recognized by Chambers USA in Bankruptcy/Restructuring from 2011-2017 and 2023-2024.
O’Melveny & Myers LLP has represented clients in complex bankruptcy cases involving billions of dollars in debt.
Their experience includes working with various industries and handling intricate financial restructurings.
When you choose O’Melveny & Myers LLP, you benefit from their deep understanding of bankruptcy law and their ability to navigate challenging legal situations.
Their team can provide you with tailored advice to address your specific financial circumstances.
7) Latham & Watkins LLP
Latham & Watkins LLP is a prominent law firm with a strong presence in Los Angeles.
Their restructuring and special situations practice is recognized as one of the largest in the world.
The firm’s team of specialists handles a wide range of restructuring and bankruptcy cases.
They represent clients across various industries, including pharmaceutical, manufacturing, retail, and oil and gas sectors.
Latham & Watkins LLP assists with all types of restructurings and liability management transactions.
Their expertise extends to addressing complex issues such as mass tort and environmental liabilities.
You can expect comprehensive representation from Latham & Watkins LLP.
They advise a diverse array of stakeholders involved with financially distressed businesses.
This includes debtors, creditors, equity holders, new investors, boards of directors, and senior management teams.
8) Skadden Arps Slate Meagher & Flom LLP
When seeking top-tier legal representation for Chapter 13 bankruptcy in Los Angeles, you might consider Skadden, Arps, Slate, Meagher & Flom LLP.
This prestigious firm has a strong presence in Southern California, with an office that has been serving clients for over three decades.
Skadden’s Los Angeles team represents a diverse range of clients, from Fortune 500 companies to middle-market and privately held businesses.
Their expertise spans various industries, including technology, media, retail, and healthcare.
While Skadden is known for its corporate restructuring practice, their primary focus is on large-scale corporate bankruptcies rather than individual Chapter 13 cases.
Their attorneys are highly skilled in complex financial restructurings and bankruptcies.
Skadden has received numerous accolades for its bankruptcy practice.
The firm is consistently ranked in the top tier for bankruptcy by Best Lawyers Best Law Firms.
If you’re dealing with a particularly complex Chapter 13 case or one that involves significant business interests, Skadden’s expertise could be valuable.
However, for most individual Chapter 13 filings, you may find more specialized attorneys better suited to your needs.
Remember to consider your specific situation and budget when choosing legal representation.
While Skadden offers exceptional legal services, their fees may be higher than those of smaller firms or individual practitioners specializing in consumer bankruptcy.
9) Gibson Dunn & Crutcher LLP
Gibson Dunn & Crutcher LLP is a prestigious law firm with a strong presence in Los Angeles.
Their bankruptcy practice is renowned for its expertise in complex restructuring and reorganization cases.
You can expect top-tier legal representation from Gibson Dunn’s team of experienced attorneys.
They handle a wide range of bankruptcy matters, including Chapter 13 cases, with skill and precision.
The firm’s Business Restructuring and Reorganization practice is well-equipped to tackle any dispute in the restructuring space.
This includes challenges to liability management and position enhancement transactions, whether in state court or federal district, appellate, or bankruptcy court.
Gibson Dunn’s expertise covers all aspects of bankruptcy and restructuring.
You’ll benefit from their knowledge in out-of-court agreements and distressed financing, which can be crucial in Chapter 13 cases.
With over 280 lawyers in their Los Angeles office, you have access to a deep pool of legal talent.
The firm’s longstanding presence in the city has allowed them to establish strong roots in the local community and a solid reputation for legal excellence.
When you choose Gibson Dunn for your Chapter 13 bankruptcy case, you’re selecting a firm consistently ranked among the world’s top law firms.
Their global reach and extensive resources can be invaluable in navigating complex financial situations.
10) Kirkland & Ellis LLP
Kirkland & Ellis LLP is a prominent law firm with a robust restructuring practice.
Their team of over 200 attorneys specializes in complex domestic and international bankruptcy cases.
You can expect top-tier legal representation from Kirkland & Ellis in Chapter 13 bankruptcy matters.
Their expertise extends to business advisory and crisis management for financially troubled companies.
The firm’s attorneys are located in major financial centers, including Los Angeles.
This geographical reach allows them to handle diverse and complex cases effectively.
Kirkland & Ellis has earned recognition for its outstanding work in bankruptcy law.
They were named Bankruptcy Law Firm of the Year by Chambers & Partners for 2024, highlighting their excellence in the field.
When you choose Kirkland & Ellis, you benefit from their strategic approach to restructuring.
Their attorneys are skilled in navigating the intricacies of Chapter 13 bankruptcy proceedings.
The firm’s track record includes successfully representing clients in high-stakes bankruptcy cases.
Their experience covers a wide range of industries, ensuring comprehensive support for your specific situation.
Kirkland & Ellis combines big-firm resources with personalized attention to your case.
Their attorneys stay current with evolving bankruptcy laws to provide you with cutting-edge legal strategies.
11) Pachulski Stang Ziehl & Jones LLP
Pachulski Stang Ziehl & Jones LLP is a highly respected law firm specializing in bankruptcy and restructuring.
You can trust their expertise in handling complex Chapter 13 bankruptcy cases in Los Angeles.
The firm boasts a team of experienced attorneys who are well-versed in bankruptcy law.
Their professionals have been recognized for their exceptional work in the field, with many named as “Super Lawyers” and featured in prestigious legal publications.
You’ll find that Pachulski Stang Ziehl & Jones LLP has a strong track record of success in representing clients in bankruptcy proceedings.
Their attorneys are known for their strategic approach and attention to detail.
When you choose this firm, you’re selecting a team that has been ranked among the top bankruptcy practices in the country.
They have received accolades from Law360 and Vault.com for their outstanding work in the field.
The firm’s attorneys are committed to providing personalized service to each client.
You can expect them to carefully analyze your financial situation and develop a tailored strategy for your Chapter 13 bankruptcy case.
Pachulski Stang Ziehl & Jones LLP has extensive experience representing various parties in bankruptcy cases, including debtors, creditors, and trustees.
This broad perspective allows them to anticipate potential challenges and navigate complex legal issues effectively.
12) Munger Tolles & Olson LLP
Munger, Tolles & Olson LLP is a prestigious law firm with a strong presence in Los Angeles.
Their bankruptcy practice is highly regarded, offering top-tier legal services to clients facing complex financial challenges.
The firm’s bankruptcy team represents a diverse range of clients, including debtors, creditors, shareholders, and committees.
They handle both Chapter 11 proceedings and out-of-court restructurings with expertise.
You’ll find that Munger Tolles & Olson has significant experience in bankruptcy-related litigation and asset purchases.
Their attorneys are particularly adept at serving clients in the retail, media, and technology sectors.
The firm boasts several accomplished bankruptcy partners, such as Seth Goldman, who specializes in corporate restructurings and related litigation.
Another notable attorney is Thomas B. Walper, recognized for his exceptional work in bankruptcy law.
Munger Tolles & Olson’s attorneys are consistently ranked among the leading lawyers in prestigious publications like Chambers USA and The Best Lawyers of America.
This recognition reflects their commitment to providing exceptional client service and achieving favorable outcomes.
When you choose Munger Tolles & Olson for your Chapter 13 bankruptcy needs, you’re selecting a firm with a proven track record of success in complex financial matters.
Their attorneys bring a wealth of knowledge and experience to help guide you through the bankruptcy process.
13) Quinn Emanuel Urquhart & Sullivan LLP
Quinn Emanuel Urquhart & Sullivan, LLP is a prominent law firm with a strong presence in Los Angeles.
While primarily known for business litigation, they also handle bankruptcy cases.
The firm boasts a team of over 1,000 attorneys across 35 global offices.
Their expertise extends to various areas of law, including complex financial matters and restructuring.
Quinn Emanuel’s Los Angeles office is located in the heart of downtown.
You can find their experienced lawyers ready to assist with your Chapter 13 bankruptcy needs.
The firm’s attorneys are recognized for their trial skills and innovative approaches to legal challenges.
They have a track record of success in high-stakes cases across multiple practice areas.
When considering Quinn Emanuel for your Chapter 13 bankruptcy case, you’ll benefit from their extensive resources and deep legal knowledge.
Their team can provide comprehensive guidance through the complexities of bankruptcy proceedings.
Quinn Emanuel’s reputation for excellence is reflected in numerous accolades and rankings.
Their attorneys are frequently recognized by prestigious legal publications and organizations.
You can expect a professional and thorough approach to your bankruptcy case when working with Quinn Emanuel.
Their attorneys strive to achieve the best possible outcomes for their clients.
Understanding Chapter 13 Bankruptcy
Chapter 13 bankruptcy offers a structured repayment plan to help you manage debts while keeping your assets.
It provides an opportunity to reorganize your finances and regain control of your financial future.
Chapter 13 vs Chapter 7 Bankruptcy
Chapter 13 bankruptcy differs significantly from Chapter 7.
In Chapter 13, you create a repayment plan to pay off debts over 3-5 years, while keeping your property.
Chapter 7 involves liquidating assets to pay creditors.
Chapter 13 is ideal if you have a steady income and want to catch up on missed payments.
It can help you:
- Stop foreclosure proceedings
- Reschedule secured debts
- Protect co-signers on consumer debts
Chapter 7, on the other hand, is a quicker process but may require selling non-exempt assets.
It’s better suited for those with limited income and few assets.
Eligibility Criteria
To qualify for Chapter 13 bankruptcy, you must meet specific criteria:
- Regular income: You need a stable source of income to fund the repayment plan.
- Debt limits: Your unsecured and secured debts must be below $2,750,000 as of June 21, 2022.
- Tax filings: You must be current on tax filings for the past four years.
- Credit counseling: Completion of a credit counseling course is mandatory.
You’re ineligible if a previous bankruptcy petition was dismissed within the last 180 days due to your actions.
Businesses cannot file for Chapter 13; it’s only for individuals or married couples.
How Repayment Plans Work
In Chapter 13 bankruptcy, you propose a repayment plan to the court.
This plan outlines how you’ll pay your debts over 3-5 years.
Key aspects include:
- Priority debts: These must be paid in full and include recent taxes and child support.
- Secured debts: You can catch up on missed payments for secured debts like mortgages.
- Unsecured debts: You pay what you can afford after covering priority and secured debts.
Your disposable income determines the amount you’ll pay.
The plan must be approved by the court and creditors.
Once approved, you make monthly payments to a trustee who distributes funds to creditors.
If you successfully complete the plan, remaining unsecured debts may be discharged.
This offers a fresh financial start while allowing you to keep your property.
Finding the Best Chapter 13 Bankruptcy Lawyer
When seeking a Chapter 13 bankruptcy lawyer in Los Angeles, it’s crucial to consider specific qualities and ask the right questions.
These factors will help you make an informed decision and find the best attorney for your case.
Qualities to Look For
Experience is paramount when choosing a Chapter 13 bankruptcy lawyer.
Look for attorneys who have handled numerous bankruptcy cases, ideally with a focus on Chapter 13 filings.
Reputation matters.
Check online reviews and ratings to gauge client satisfaction.
A lawyer with positive feedback is more likely to provide quality service.
Communication skills are essential.
Your attorney should explain complex legal concepts in terms you can understand.
They should be responsive to your questions and keep you updated on your case progress.
Local knowledge is beneficial.
A lawyer familiar with Los Angeles bankruptcy courts and trustees can navigate the process more efficiently.
Look for a compassionate attorney who understands the emotional stress of bankruptcy.
They should treat you with respect and empathy throughout the process.
Questions to Ask During Consultation
During your initial consultation, ask about the lawyer’s experience with Chapter 13 cases.
Inquire how many they’ve handled and their success rate.
Ask about their fee structure. Most Chapter 13 attorneys work on a flat fee basis, but it’s important to understand all potential costs upfront.
Inquire about the expected timeline for your case.
While every situation is unique, an experienced lawyer should provide a rough estimate.
Ask who will be handling your case.
Some firms may assign junior attorneys or paralegals to certain tasks.
Ensure you’re comfortable with the proposed arrangement.
Request an explanation of the Chapter 13 process and how it might affect your specific financial situation.
A good lawyer will provide a clear, tailored overview.
Frequently Asked Questions
Filing for Chapter 13 bankruptcy in Los Angeles involves several important considerations.
Understanding the qualifications, process, and implications can help you make informed decisions about your financial future.
What are the qualifications for filing Chapter 13 bankruptcy in Los Angeles?
To file for Chapter 13 bankruptcy in Los Angeles, you must meet specific debt limits.
As of June 21, 2022, individuals or married couples with less than $2,750,000 in total noncontingent and liquidated debts are eligible.
You must also have a regular income to support a repayment plan.
How long does a Chapter 13 bankruptcy process take in California?
The Chapter 13 bankruptcy process in California typically lasts between 3 to 5 years.
This duration corresponds to the length of your repayment plan.
Once you complete the plan and fulfill all requirements, the court may discharge your remaining eligible debts.
Can I keep my home if I file for Chapter 13 bankruptcy in Los Angeles?
Yes, you can often keep your home when filing for Chapter 13 bankruptcy in Los Angeles.
This type of bankruptcy allows you to catch up on missed mortgage payments through your repayment plan while staying in your home.
What are the advantages of filing for Chapter 13 bankruptcy instead of Chapter 7?
Chapter 13 bankruptcy offers several advantages over Chapter 7.
It allows you to keep valuable assets, stop foreclosure proceedings, and potentially reduce the total amount you owe on certain debts.
You can also restructure secured debts and extend them over the life of your repayment plan.
How does a Chapter 13 repayment plan work for residents of Los Angeles?
A Chapter 13 repayment plan for Los Angeles residents involves making monthly payments to a court-appointed trustee.
The trustee then distributes these funds to your creditors according to the plan approved by the court.
Your plan will prioritize certain debts and may allow you to pay only a portion of unsecured debts.
What should I look for when choosing a bankruptcy attorney for a Chapter 13 filing in Los Angeles?
When selecting a Chapter 13 bankruptcy attorney in Los Angeles, look for experience and success rates.
For example, The Law Offices of Kevin T. Simon boasts a discharge rate of over 70%, which is five times the national average.
Choose an attorney who specializes in bankruptcy law and has a strong track record in Chapter 13 cases.