Bankruptcy Attorney in Rosemead, CA
Fast Debt Relief Solutions. Rosemead has many family-run businesses, and when one struggles, the owner’s personal finances usually struggle with it. Hedtke Law Group helps Rosemead residents deal with business debt they signed for personally, older income tax debt, and everyday credit card and medical bills through Chapter 7 or Chapter 13 bankruptcy.
Call Now: (626) 593-1558 Free Consultation
Attorney Neil R. Hedtke · State Bar of California #273319 · about 3,000 bankruptcy cases filed since 2010 · West Point graduate and U.S. Army veteran · 5-star rated on Google
Sole proprietors and business debt
If your business is a sole proprietorship, its debts are your debts. That means a personal bankruptcy can include supplier bills, business credit cards and equipment loans along with household debt. If the business is a corporation or LLC, its debts are separate, but any debt you personally guaranteed can still follow you. We sort out which is which at the first meeting.
Some owners keep running the business through a Chapter 13 plan. Others close the business and file Chapter 7 for a fresh start.
Tax debt
Some income tax debt can be discharged in bankruptcy if it meets timing rules, including how long ago the return was due and when it was filed. Payroll trust fund taxes and recent taxes generally cannot be discharged, but Chapter 13 can let you pay them over time while stopping levies. Our bankruptcy and taxes page explains the rules.
Stopping collectors while you decide
Once you hire an attorney, debt collectors covered by federal and California collection laws must generally contact the attorney instead of you. Once the case is filed, the automatic stay stops most collection activity, including lawsuits, garnishments and levies.
How the process works
- Free consultation. Bring recent tax returns, a list of business and personal debts, and any lawsuits or levy notices.
- We separate business debts from personal debts and check which taxes might be dischargeable.
- We recommend Chapter 7, Chapter 13, or a non-bankruptcy option, and file once you complete credit counseling.
- You attend the meeting of creditors, and we guide you through discharge or your Chapter 13 plan.
Your attorney
Neil R. Hedtke graduated from the United States Military Academy at West Point in 1992, served five years as a U.S. Army Engineer Officer, and earned his law degree at the University of La Verne College of Law. He was admitted to the California bar in 2010 and has filed about 3,000 bankruptcy cases since. Read more about Mr. Hedtke or verify his license on the State Bar of California website.
Business and tax cases take careful documentation. Mr. Hedtke reviews tax transcripts and business records before filing so the case goes smoothly with the trustee.
Questions we hear from Rosemead residents
Can I file bankruptcy and keep my business open?
Sometimes. Sole proprietors can often keep operating during Chapter 13. In Chapter 7, the trustee reviews business assets, so it depends on the type of business and what it owns.
Can bankruptcy wipe out tax debt?
Some older income tax debt can be discharged if it meets the timing rules. Recent taxes and payroll trust fund taxes generally cannot, but Chapter 13 can spread them over the plan.
Am I responsible for my LLC’s debts?
Usually only for debts you personally guaranteed or co-signed. We review each debt at the consultation.
How long does a Chapter 13 plan last?
Three to five years, depending on your income and what the plan needs to pay.
Getting to our office from Rosemead
From Rosemead, take Rosemead Boulevard north toward Arcadia, then head east to downtown Arcadia. The drive is usually about 15 minutes.
Hedtke Law Group
255 E Santa Clara St, Suite 210, Arcadia, CA 91006
Phone: (626) 593-1558
Monday to Friday 9:00 a.m. to 5:00 p.m., Saturday 10:00 a.m. to 1:00 p.m.
Open in Google Maps
Related help
We also serve nearby Temple City and Monterey Park. Start with our main bankruptcy options page.