Lake Forest
Bankruptcy Attorneys

Bankruptcy Attorneys serving Lake Forest

Lake Forest residents who are looking to file bankruptcy can rely on the attorneys at Heston & Heston to help you get out of debt, avoid foreclosure, repossession, and all other creditor collection tactics.

Address:

19700 Fairchild Road, Suite 280
Irvine, CA 92612

Phone:

949-222-1041

About Lake Forest

The City of Lake Forest is located in the heart of South Orange County and the beautiful Saddleback Valley. The City’s motto, “remember the past, challenge the future,” is the Lake Forest way of life. The rich heritage of the past is preserved and enhanced in this contemporary city ready to meet the challenges and opportunities of the future. Lake Forest was incorporated as a city in 1991 to help ensure that it will always be an ideal place for business to prosper and people to live, work and play.

Lake Forest incorporated as a city on December 20, 1991. Prior to incorporation, the community had been known as El Toro. Following a vote in 2000, Lake Forest expanded its city limits to include the master-planned developments of Foothill Ranch and Portola Hills.

Filing Bankruptcy
in Lake Forest

Every bankruptcy case is unique and depends on not just your financial circumstances, but also where you live and conditions in your community.

Our attorneys have practiced all over Southern California and are familiar with local factors and how trustees view these cases.

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Our bankruptcy services:

Chapter 7 Bankruptcy

For most people, a Chapter 7 will discharge all debts, not lose any property, and your case will last about 4 months. There are many other tools that can be utilized in a Chapter 7, such as lien avoidance are vehicle redemption.

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Chapter 13 Bankruptcy

If you do not qualify for a Chapter 7 or if you are facing a foreclosure or repossession, a Chapter 13 will allow you to restructure debts and receive a discharge of any remaining debts. Chapter 13 has many advantages of Chapter 7.

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Business Bankruptcy

Businesses can file bankruptcy in order to cease operations and liquidate or restructure their debts to continue operating. Business owners can also file bankruptcy when their liability on debts is holding the business back.

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What our Orange County Clients have to say...

was referred to Halli Heston, from the O.C. Bar Association. They told me that Halli was a terrific attorney, and that I would be satisfied. Not only was I satisfied, Halli was exceptionally professional, and fully represented me in court. I appreciate everything that she has done for me, and her staff is friendly, and very professional too. They kept me up to date on the proceedings, and also reminded

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Federal Law in Lake Forest

Why it matters where you live...

The Bankruptcy Code is federal law which is applied uniformly throughout the United States. So why would it be different for someone who lives in Lake Forest?

The Bankruptcy Code can be thought of as a sponge that soaks up other laws to fill in the holes. For instance, the Bankruptcy Code states that all property that a person owns can become property of the bankruptcy estate. However, “property” and “ownership” are not defined in the Bankruptcy Code, so state law is used to determine these property rights. Another very important aspect of where the Bankruptcy Code can be different depending on where you live or have lived is exemptions.

A person filing in California will either use California’s own exemptions, the state exemptions of where they previously lived, or the federal exemptions provided in the Bankruptcy Code. The effect of this can be major – For example, the California homestead exemption is $300,000 to $600,000, whereas the homestead exemption in other states is as little as $0. The homestead exemption for Lake Forest residents is currently $600,000.

Not only is California law applicable, but also city-level local policy, regulations, and property values play an important role in your bankruptcy case. For example, if the home values in Lake Forest are increasing or decreasing, this would play a major factor in whether the trustee would seek to liquidate the property.

Heston & Heston has had the pleasure of representing many of Lake Forest’s residents who have filed bankruptcy.

Lake Forest zip codes: 92609, 92610, 92630, 92679, 92691