Frequently Asked Questions (FAQ)


How long does bankruptcy stay on my credit report?

Chapter 7 remains on your credit report for 10 years. Chapter 13 remains on your credit report for 7 years. Negative information (e.g., late payments, collections, etc.) remains on your record for 7 years.

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Can I rebuild my credit after filing for bankruptcy?

Yes. After the bankruptcy discharge, many debtors receive notices for credit cards. Purchasing items on the credit card and paying off the full balance is a great way to rebuild your credit. It is the same with a secured debt. If you are consistently paying a reaffirmed debt, then it will assist you in rebuilding your credit.

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Can I buy a home after filing for bankruptcy?

With properties, most banks require at least two to three years to pass from the filing of the bankruptcy before you can purchase a home. By filing for bankruptcy, you are allowing yourself breathing room to save money for the downpayment on your new home rather than trying to catch up with the credit card debt.

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When will bill collectors and creditors stop calling me?

When you file for bankruptcy, "automatic stay" is established. This is a "roadblock" that prevents creditors from taking certain actions. However, the creditors can ask permission for this "roadblock" to be removed after you file for bankruptcy.

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How much do you charge?

Our fees are very reasonable, but vary from case to case. In some situations, the case is very complicated and in others, it is not. Depending on how complicated your case is will determine what the fee is going to be. Call to schedule a free initial consultation to determine what the fee will be.

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Why should I hire the Law Office of Jonathan Panossian, A PC?

Jonathan Panossian is an experienced bankruptcy attorney who was a Supervising Attorney at one of the largest bankruptcy law firms in Southern California. He handled everything from the initial consultations all the way through going to the 341(a) Meeting of Creditors hearing with the debtors. He has the big bankruptcy law firm experience that others don't have. But more than just the experience, Jonathan actually cares about his clients. He is not afraid of putting in the extra time to make sure that his clients are treated fairly and with compassion. With something as serious as your finances, you want an attorney that you can trust. You want an attorney who knows what he is doing, who has the experience practicing bankruptcy, and who isn't afraid to spend time with his clients. Call 800-921- 4601 to schedule a free consultation to meet Jonathan Panossian. After you meet Jonathan, you will understand why so many people have chosen to use his services.

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We represent clients throughout the San Fernando Valley, Santa Clarita Valley, Conejo Valley and surrounding areas, including Agoura Hills, Alhambra, Altadena, Arcadia, Atwater Village, Bell Canyon, Beverly Hills, Burbank, Cahuenga Pass, Calabasas, Canoga Park,Canyon Country, Chatsworth, College Hills, Cypress Park, Eagle Rock, East Pasadena, El Sereno, Encino, Glendale, Glenwood, Granada Hills, Hidden Hills, Hollywood, Kagel Canyon, Knollwood, Lake View Terrace, Lake Balboa, La Canada Flintridge, La Tuna Canyon, Los Feliz, Mission Hills, Monrovia, Montecito Heights, Moorpark, Newbury Park, North Hills, North Hollywood, Northridge, Oak Park, Olive View, Pacoima, Panorama City, Pasadena, Porter Ranch, Reseda, Rosemead, San Fernando, San Gabriel, San Marino, Santa Clarita, Saugus, Sepulveda, Shadow Hills, Sherman Oaks, Sierra Madre, Silver Lake, Simi Valley, Somerset, South Pasadena, Stevenson Ranch, Studio City, Sun Valley, Sunland, Sylmar, Tarzana, Temple City, Thousand Oaks, Toluca Lake, Toluca Terrace, Tujunga, Valley Glen, Valley Village, Valencia, Van Nuys, Verdugo City, Universal City, Warner Center, West Hills, West Hollywood, Westlake Village, Winnetka, Woodland Hills.

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