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Chapter 7 Modern Solutions for Complex Legal Matters

Santa Clarita Chapter 7 Bankruptcy Lawyer

Chapter 7 Bankruptcy Attorneys Serving Santa Clarita

If you are in debt and want fast financial relief, Chapter 7 bankruptcy may be for you. Chapter 7 is available for individuals and businesses; businesses that file Chapter 7 must shut down immediately, while individuals file Chapter 7 to obtain a discharge of their debts, often referred to as the "fresh start." We call the Chapter 7 discharge a "financial reboot."

For individuals, Chapter 7 is designed to eliminate most kinds of unsecured debt, including credit card debt, medical bills, personal unsecured loans, debts from failed businesses, judgments resulting from car accidents and breaches of contract, and deficiencies on repossessed vehicles or foreclosed junior liens.

To determine whether your specific debts are dischargeable in Chapter 7, and whether your assets will be protected from liquidation by exemptions, it is imperative that you consult with an experienced Santa Clarita bankruptcy attorney. At Young & Chic LLP, a highly experienced attorney will conduct a thorough analysis of your situation, address your concerns, and discuss the options that best fit your personal situation.

Chapter 7 Eligibility

Not all individuals qualify for Chapter 7. Unless your income is demonstrably below the median for your family size (and has been so for at least 6 months), eligibility is determined by a rather complicated "Means Test." Young & Chic LLP will guide you through the "Means Test" to determine if Chapter 7 is an option for you.

As long as someone qualifies under the Means Test, Chapter 7 can provide debt relief, no matter how large the debt or whether you are technically insolvent. There are restrictions on repeat filings, and a pre-filing class must be completed (which most people take online in 2 hours or less).

Discharge Under Chapter 7

The main purpose of Chapter 7 bankruptcy is to eliminate certain debts to give people a "fresh start." Once this has taken place, the debtor will not be held liable for those debts any more or in any way. In Chapter 7, however, a discharge is only available to individuals, not to corporations, LLCs, or other entities. It is important to remember that total honesty and complete transparency are necessary during every step of the Chapter 7 process.

At Young & Chic LLP, we are proud of the fact that no Young & Chic LLP Chapter 7 individual debtor-client has ever had his or her discharge denied.

Dischargeability of Debts

In Chapter 7 bankruptcy, most unsecured debts are discharged - but not all.

Here is a list of debts that are typically not discharged:

  • Debts not listed in the schedules filed in the bankruptcy case
  • Debts for luxury goods or services incurred within 90 days of filing
  • Student loans - unless payment would constitute undue hardship
  • Taxes that are less than 3 years old
  • Fines for violating the law, including criminal fines and traffic tickets
  • Spousal and child support
  • Debts for personal injury caused by driving while intoxicated

In addition, a creditor may ask the Bankruptcy Court to determine that a debt is non-dischargeable because the debt was incurred by fraud, defalcation by a fiduciary, willful and malicious injury, larceny, or embezzlement. Under these circumstances, the creditor can file an "adversary proceeding" (essentially a lawsuit within the bankruptcy) to obtain a judgment that a debt is non-dischargeable. Young & Chic LLP has successfully defended many such actions for debtors and has successfully prosecuted many such actions for creditors.

Allow one of our experienced bankruptcy attorneys to lead you through the complete process from beginning to end. We will be by your side every step of the way, from your initial consultation to the entry of your discharge.

Contact our Santa Clarita bankruptcy lawyers today if you are interested in Chapter 7 bankruptcy and want more information.

Meet the Team Behind Young & Chic LLP

A team of strategic thinkers, problem-solvers, and advocates dedicated to protecting your interests with precision, integrity, and modern legal insight. Our team speaks Spanish, Korean, Russian, and Armenian.

Why Choose Young & Chic LLP?

  • ACCESSIBLE EXCELLENCE.

    We believe exceptional counsel should also be approachable. Our process starts with a complimentary consultation designed to understand your needs and provide strategic next steps.

  • CLARITY IN COMPLEXITY.

    Whether navigating Litigation, Business Law, Employment Defense, Real Estate Law, Bankruptcy, Estate Planning & Administration, or
    Probate matters, we simplify the legal process. Translating complexity into clear, actionable solutions.

  • TRUSTED. RECOGNIZED. RESPECTED.

    Our attorneys are recognized by peers and industry organizations for exceptional ethics, insight, and professionalism — including the prestigious AV® Rating from Martindale-Hubbell®.

  • STRATEGIC MINDS. MODERN APPROACH.

    We combine decades of experience with a forward-thinking perspective. Every case is handled with precision, efficiency, and a clear strategy tailored to your goals.

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Hear From Our Clients

Trusted by Clients Across California
    “Young & Chic LLP are the only team I would want representing me and you'd be wise to make the same choice.”
    You don't have to be Superman to fight for truth, justice and the American Way. The team at Young & Chic LLP are doing this every day and although their calm and professional Clark Kent demeanor might not show it, they are true super heroes in my book. Rarely do you call on the services of a law firm when life's all rainbows and unicorns. In fact, most of us call on these heroes when we are stressed, angry, depressed or perhaps even defeated. It is during these times of crisis that we need support, patience, understanding and compassion to light the way through the darkness. Young & Chic LLP provided us with this kind of hope and guided us through a very challenging real estate matter with the utmost professionalism and a broad and deep understanding of the legal issues at hand. There is a depth to this team that rivals any Sports Dynasty of the last century, including the infamous 1980's Los Angeles Lakers or the New England Patriots. Faster than a speeding legal brief, more powerful than a writ of execution, able to leap tall depositions in a single motion! Young & Chic LLP are the only team I would want representing me and you'd be wise to make the same choice.
    Arturo S.
    “I refer all my clients needing legal counsel to Young & Chic LLP because I know they are in hands of very experienced real estate attorneys.”
    Incredibly professional and responsive. I'm a realtor in Southern California. I refer all my clients needing legal counsel to Young & Chic LLP because I know they are in hands of very experienced real estate attorneys.
    Cristian C.
    “real estate”
    Consulted Mark about a real estate matter, talked to him 3 minutes and he gave me an accurate assessment of the law and how a court would rule, really loyal group, competent, excellent communication.
    James
    “I will be using this firm again soon for family estate planning. I strongly recommend Young & Chic LLP.”
    Very good law services, great staff, they were all very respectful to me and treated me well, especially Shelly M. I have never work with such a sweet and professional person. The office is nice with amazing conference room. I was in a situation that no one could seem to help me with and they figured it out. This law firm is amazing. I received responses to my questions almost immediately every time. The pricing can be a little steep, but it's worth it and they do not pressure you about payment up front, they also give you an opportunity to make payment arrangements. I will be using this firm again soon for family estate planning. I strongly recommend Young & Chic LLP.
    Regina S.
    “They were lightning fast as well, which was super important and ended up meaning that we got the property before someone else.”
    We used this firm to help us with a lease review. They caught some important mistakes and made terrific recommendations. They were lightning fast as well, which was super important and ended up meaning that we got the property before someone else. They also offered helpful follow-up. Couldn't be happier and will use them again.
    V V.
    “We really appreciate their time and effort to help us and we definitely recommend them to everybody.”
    We are very blessed to have business with Mr. Young and staff. They have us well taken care of. It was our first time filing for bankruptcy and we were very nervous about it. They made us feel at ease and educated us with the process. Our case went smoothly because of them. We really appreciate their time and effort to help us and we definitely recommend them to everybody.
    M G S.
    “They are hands down the most proficient and efficient group I've had the pleasure of working with. I highly, highly recommend them.”
    The law firm of Young & Chic LLP handled my bankruptcy with professionalism, care, and compassion. They are hands down the most proficient and efficient group I've had the pleasure of working with. I highly, highly recommend them.
    Mike K.
    “You always will be on my list as the #1 Law Firm for ANY REAL ESTATE ISSUE.”
    I have no words to express the excellent work done by the lawyers at Young & Chic LLP; thanks to their experience and professionalism, I achieved an excellent job in selling my client's probate. After many law firms rejected my client's case because of the combination of "probate plus a Short Sale," it was not money for the case! Young & Chic LLP offered to help us and did an excellent job. Thank you for your excellent representation. You always will be on my list as the #1 Law Firm for ANY REAL ESTATE ISSUE. Thanks, Young & Chic LLP.
    Enrique B.
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