We are a federally designated Debt Relief Agency under the United States Bankruptcy Laws. We assist people with finding solutions to their debt problems, including, where appropriate, assisting with the filing of petitions for relief under the Bankruptcy Code.
Kyllander Law Case Studies: Chapter 7 Bankruptcy
Problem: Jenny is a 42 year old recent divorcee. Her divorce settlement has left her with 50% of the community debts and her $40,000/year salary isn’t enough to cover the bills. One of her credit card companies has now filed a lawsuit against her and she is worried a wage garnishment will push her over the edge.
Solution: Jenny contacted Kristine Kyllander for assistance. Kristine recommended that Jenny file for relief under Chapter 7 of the Bankruptcy Code.
Result: By filing bankruptcy, Jenny was able to put an immediate stop to the lawsuit against her without any of her wages being garnished. In addition, in less than three months, 100% of her unsecured debts were discharged through the Chapter 7 bankruptcy process. Jenny is now able to maintain a comfortable lifestyle and is enjoying a true fresh financial start!
Orange County Lawyer Case Studies: Chapter 13 Bankruptcy
Problem: Tom is working two jobs and his income is above the median for the state of California. Unfortunately, Tom made some poor financial decisions which have left him with $60,000 in unsecured debt and he owes an additional $20,000 to the IRS in prior year income taxes. The monthly payments have become more than he can handle and the creditor phone calls are driving him crazy.
Solution: Tom found Kyllander Law online and attended a free webinar on bankruptcy basics. He then scheduled a consultation with attorney Kristine Kyllander and ultimately was advised that a Chapter 13 Bankruptcy would help him reorganize many of his financial burdens.
Result: The Chapter 13 bankruptcy put an immediate stop to the harassing creditor phone calls and allowed Tom to repay his taxes and 10% of his credit card debt over five years. At the completion of his Plan, the remaining credit card debt and interest (over $54,000) was discharged without any additional adverse tax consequences to him.
Bankruptcy Case Studies: Avoidance of Junior Lien
Problem: Married couple Bob and Lucy purchased their home in Yorba Linda (Orange County) at the height of the market. To pay for the property, they took out a first and a second mortgage and both loans were interest only. Today, their interest only term has expired making the new payments unaffordable. The balance on their first mortgage is $350,000 and the balance on their second mortgage is $75,000 however, the property is valued at only $330,000.
Solution: Bob and Lucy contacted us about their mortgage crisis. The solution was to file for relief under Chapter 13 of the Bankruptcy Code and file a motion to avoid the second lien on their property.
Result: Bob and Lucy were able to successfully complete their Chapter 13 plan and eliminate the debt associated with their second mortgage. They can now afford their monthly house payments!
Bankruptcy Case Studies: Bankruptcy Litigation
Problem: Hank was sued by a creditor in state court for failure to pay on a contract and a judgment was entered against him. The creditor later obtained a writ of execution (approval from the court) to levy against his bank account so Hank decided to file bankruptcy. After filing his bankruptcy case, the creditor took money from Hank’s account causing him to bounce his rent check and car payment.
Solution: Fortunately, Hank had Kyllander Law, file his bankruptcy case so he had representation to recover the money wrongfully taken. Our firm filed a Motion for Contempt and for Sanctions for Violations of the Automatic Stay within the core bankruptcy proceeding.
Result: Hank not only recovered the money that was wrongfully taken but he also recovered actual damages, attorneys fees and costs, and punitive damages through a settlement Kyllander Law negotiated on his behalf.