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Law Offices of J. Luke Hendrix is a local bankruptcy firm. We are located in Old Town Temecula, serving Temecula and the surrounding areas. We pride ourselves on providing affordable and personalized legal representation for each client. Bankruptcy Attorney J. Luke Hendrix will personally handle every detail of your case.
We focus on bankruptcy law and help individuals and businesses struggling with debt. We can work with them to assess potential bankruptcy and non-bankruptcy solutions. We have extensive experience handling Chapter 7, 11, and 13 bankruptcy cases. We offer these services for individuals and small businesses. We work with our clients to stop foreclosures, evictions, repossessions, and wage garnishments. We can also stop bank levies, lawsuits, and other creditor collections.
We help individuals eliminate or restructure most debts through Chapter 7 and Chapter 13. This includes medical bills, credit card bills, and mortgage arrears. It also includes taxes and other legal debts. They can obtain a "fresh start" and rebuild their financial situations.
We help businesses stay in business and reorganize through Chapter 11 bankruptcy. This enables them to obtain relief from creditors. We propose a plan of reorganization that allows them to stay in business and pay creditors over time. With this, they can return to a profitable business. We focus on helping small businesses.
The different chapters of bankruptcy are discussed further below.
Chapter 7 is a liquidation bankruptcy. A trustee is appointed over the case to sell any non-exempt assets of the debtor to pay creditors. In most cases, there are no non-exempt assets for the trustee to sell. This is because the debtor can keep the most property by exempting it. This includes their homes, cars, household goods, clothing, and jewelry. It can also include retirement, and other property, up to specific allowed amounts. The filing immediately stops most creditor collection actions. This includes foreclosures, repossessions, wage garnishments, and bank levies. It also stops lawsuits (judgment liens can be removed in some instances). The debtor can see debts discharged within about 90 days of filing bankruptcy. There are situations where Chapter 7 also makes sense for business entities. Chapter 7 allows the orderly liquidation of company assets and termination of operations.
J. Luke Hendrix, Chapter 7 bankruptcy attorney, has helped many succeed through Chapter 7. He understands how best to prepare a Chapter 7 bankruptcy that protects his client's property.
Chapter 13 is a reorganization bankruptcy for individuals, including sole proprietors. It allows the debtor to keep their property and avoid liquidation. It offers creditor repayment over 3 to 5 years. It can stop creditors from pursuing collection actions. This includes foreclosures, repossessions, wage garnishments, bank levies, and lawsuits. The amount paid to creditors is determined on a case by case basis. Often it is only a percentage of the amount claimed. After payments are completed, the debtor receives a discharge of the balance. Chapter 13 is commonly used to help catch up on mortgage arrears, car payments, or taxes. This can enable the debtor to keep their home and avoid foreclosure. It helps them keep their car and avoid repossession. It helps catch up on taxes while stopping the accrual of interest and penalties on unpaid tax. Chapter 13 can also be used to remove a junior lien against your home or other property. It can also reduce the value of the lien, and remove judgment liens in certain circumstances.
J. Luke Hendrix, Chapter 13 bankruptcy attorney, has helped many individuals use Chapter 13. He can help you keep your property, catch up on taxes, mortgages, and other arrears. He can help resolve disputed creditor claims and remove or reduce certain liens, and help you obtain a Chapter 13 discharge of dischargeable debts.
Chapter 11 is generally a reorganization bankruptcy for businesses. This includes corporations, limited liability companies, and limited partnerships. Individuals can also file Chapter 11. In Chapter 11, the business keeps its property and continues its business operations. It offers an immediate stay of most creditor collection actions. This includes foreclosures, evictions, repossessions, wage garnishments, bank levies, and lawsuits. We help our clients create a plan providing for the payment of creditors over several years. There is no set limit on how long the repayment period can be, and it depends on the circumstances of each case. The amount paid to creditors is determined on a case by case basis.
Debtors using Chapter 11 usually pay a percentage of the amount claimed. Even if all creditors do not approve of the plan, a business can force a creditor to accept the proposed terms. Chapter 11 can help a business catch up on business loans, rent payments, and mortgage arrears. It can help avoid evictions, get out of a bad lease, and remove certain liens. It can reduce interest rates on loans to a more manageable rate. It can help pay taxes, stop costly litigation, and restructure other obligations. We also resolve disputed creditor claims.
J. Luke Hendrix is an affordable local Chapter 11 bankruptcy attorney. He has helped small businesses reorganize their financial affairs and stay in businesses through the protections of Chapter 11.
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We are a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.
The information provided on this website is for informational purposes only. It is not legal advice. Please do not act or refrain from acting based on anything you read on this site. Viewing this website does not form an attorney/client relationship. No attorney/client relationship occurs unless and until you sign an agreement. The agreement confirms the nature and scope of representation. No website is entirely secure. Please be cautious with the information provided through the contact form or email. Do not assume confidentiality for anything you send through this website or email. An attorney/client relationship must first be formed. This requires the completion of a fee agreement. Attorney websites, such as this one, are considered attorney advertising. No prior result in a case guarantees a future outcome that is the same. Each case we handle is individual with different facts. Thus every case is different. We cannot guarantee any specific result in your case.
J. Luke Hendrix is a bankruptcy attorney.