Lawyers are ready to help during these stressful times. Schedule your consultation >

Filing Bankruptcy Is Always The Last Resort

We live in a debt fueled economy, and while taking on some debt allows us to do some of the things we might not be able to otherwise (buy a house, pay for college, repair our cars), debt can become overwhelming when unemployment, illness, business reversal or other unexpected events make keeping up with debt repayments more than we can bear. Overwhelming debt causes more than just financial hardship; it can affect our health, our relationships, our good credit standing, and have a host of other negative effects upon us.

Finding solid, reliable information that will aid you in making wise choices when it comes to debt relief can also be very difficult. At Weintraub & Selth, APC, you will find the help and guidance you need in order to find the relief you, your family and your business so desperately need with one of our Los Angeles bankruptcy attorneys. We are one of the only law firms in Los Angeles with experience in all chapters of bankruptcy as well as out of court alternatives to bankruptcy.

That means that unlike our competitors, we will get you the type of relief that is right for you, not what is best for the firm. We always look for other debt relief solutions before recommending bankruptcy. Our knowledge and experience with business and consumer bankruptcy cases is second to none. Our attorneys are both business and personal Los Angeles bankruptcy lawyers with years of experience.

Contact us today if you need legal assistance with any of the following:

Bankruptcy Law

  • Chapter 11 Bankruptcy
  • Chapter 13 Bankruptcy
  • Chapter 7 Business Bankruptcy
  • Chapter 7 Personal Bankruptcy
  • Personal Bankruptcy
  • Bankruptcy Alternatives
  • Creditor Representation
  • Foreclosure Prevention & Defense
  • Tax Debt & Bankruptcy
  • Unsecured Debts
  • Secured Debts

Call Weintraub & Selth, A Professional Corporation today at 310-207-1494 to arrange your free initial consultation.

Attorney Daniel Weintraub

Bar Admissions:

  • California, 1987


  • University of Southern California Law Center
    • Juris Doctor,1987
  • University of California Los Angeles
    • Bachelors, 1982

Professional Memberships and Achievements:

Mr. Weintraub began his career at the premiere boutique bankruptcy law firm Levene & Eisenberg. He then became a senior associate in the Banking and Finance Department of nationally recognized firm Sheppard, Mullen, Richter & Hampton, and has also served as in-house counsel for City National Bank.Mr. Weintraub established his own firm in 1992, and formed Weintraub Law Corporation in 2001, now known as Weintraub & Selth, APC.Mr. Weintraub is a member of the Los Angeles County and the Beverly Hills Bar Associations and the Individual and Consumer Bankruptcy Sub-Committee of the LA County Bar Section on Commercial Law and Bankruptcy.

As a longstanding member of Provisors, an alliance of senior level professionals from the fields of law, accounting, banking, finance, insurance and consulting, he is able to refer his clients to trustworthy, accountable, seasoned professionals in virtually any field.

Attorney James Selth

Bar Admissions:

  • California, 1986


  • Western State University College of Law
    • Juris Doctor – 1985
  • University of California, Riverside, California
    • Bachelor of Arts
    • Major: Political Science

Professional Memberships and Achievements:

  • Los Angeles County Bar Association, Member
  • Los Angeles Bankruptcy Forum, Member
  • Financial Lawyers Conference, Member
  • Central District Consumers Bankruptcy Attorneys Association, Member
  • Provisors, Member

Attorney Crystle Jane Lindsey

Crystle is a graduate of the University of South Carolina where she a received a bachelor’s degree in political science in 2008. She went on to graduate in 2011 from the University of District of Columbia, David A. Clarke School of Law, a top public interest school committed to public interest and using the law to help those in need and reshape communities. While a law student, Crystle was teaching assistant to the Honorable William C. Pryor for first-year criminal law and criminal procedure classes as well as teaching assistant for Real Property I and II classes.

Professional Memberships and Achievements:

  • National Association of Consumer Bankruptcy Attorneys
  • Los Angeles County Bar Association (Commercial Law & Bankruptcy Section)
  • Women Lawyers Association of Los Angeles
  • Black Women Lawyers Association of Los Angeles

Health Care Provider Stays In Business After Other Law Firms Said No Chance
A health care provider lost significant income as a result of managed care. The company was behind on its payables and owed more money to its bank than its assets were worth. Through expert testimony, we established a low liquidation value for the assets and stripped the bank’s lien in excess of the asset valuation, making the bank a largely unsecured creditor that was paid, along with all other creditors, at 10 cents on the dollar over several years. Had the company liquidated, these creditors would have received nothing. Three other bankruptcy firms turned this case down and advised the client there was no chance of success.

Individual Gets More Time To Pay Taxes And A Lower Interest Rate
A wealthy individual owed approximately $400,000 in past-due taxes. The IRS wished to levy on the client’s retirement plan (giving rise to further taxes) and would allow only one year outside of bankruptcy for repayment. Through bankruptcy, we obtained a repayment plan of six years at 6 percent interest with no penalties, compared to the effective rate outside of bankruptcy (interest and penalties) of 18 percent.

Roofing Supply Company To Stay Open, Pay Zero Taxes For Several Years
An extremely profitable roofing supply company lost in litigation and was hit with a large judgment. The judgment creditor was about to close down the company. The successful Chapter 11 case we led provided 30 cents on the dollar to creditors (including the judgment holder) over four years, equaling a write-off of 70 percent of debt. Our careful bankruptcy planning will also allow the company to use its Net Operating Loss such that it will owe no income tax for 2-3 years.

Home Saved From Foreclosure
Families sometimes face hard economic times. Our client had lost his job and had difficulty finding a comparable job. He had fallen behind on his home mortgage, accumulated significant credit card debt, and faced the loss of his home through foreclosure. Through a Chapter 13 filing, the client was able to eliminate nearly all of his credit card debt and catch up on his mortgage payments — saving his home.

Creditor Successes
Loan Fraud Exposed; Lender Gets Monthly Payments Despite Chapter 7 Filing
Our client had extended a second trust deed loan to a man who stated in his application that he was not a party to any lawsuit. The borrower filed a Chapter 7 bankruptcy after his home was foreclosed by the senior lienholder. When our investigation revealed a pending lawsuit against the borrower in an out-of-state court, we argued in the bankruptcy court that the loan by our client was fraudulently obtained and should be nondischargeable. The borrower agreed to stipulate to entry of judgment and make monthly payments to our client.

Bonding Company Pays Debt, Interest, Fees
A subcontractor who went bankrupt owed our client $200,000. We filed suit against the contractor’s bonding company and obtained a judgment after trial for all the client’s damages, plus interest and attorneys’ fees. The bonding company paid $265,000.

Interstate Bankruptcy Scheme Stymied; Foreclosure Sale Completed
The morning our client was to finalize a foreclosure sale in California, a deed of trust was recorded in the name of an entity whose principal had filed a bankruptcy in Florida. On our emergency request, the Florida court set a hearing in just eight days to permit our client’s sale to proceed. Our investigation produced evidence showing that the debtor’s gambit was part of a scheme of interrelated bankruptcies. The judge granted relief from stay with extraordinary relief binding any future bankruptcy case. Our client was able to complete the foreclosure sale only three weeks after engaging WS.

Lien Enforced After Bankruptcy
Our client held a judgment lien against property of a borrower who had been discharged in bankruptcy. The borrower reopened the bankruptcy case and filed a motion to avoid the lien. Such motions are usually granted without a hearing; in this case we noticed several areas we felt we could attack. We filed an opposition that enabled our client to collect $48,000 on its lien when the debtor’s home was sold.

Rent Collection/Real Estate Transactions
Payment Of Back Rent Negotiated

A doctor who owned a shopping mall faced financial ruin when his anchor tenant, a large department store, filed for bankruptcy. The department store occupied a large site and owed a great deal of rent. We helped our client, the doctor, make an informed choice based on understanding the plusses and minuses of all options. The client chose to aggressively enforce his right to the rent and evict the tenant so he could market the space and find a new tenant which we were able to accomplish.

Payment For Foregoing An Option To Buy
Our client, a real estate developer, had acquired an option to purchase land that he intended to lease to a national automotive service franchise. The party who granted the option went into bankruptcy and attempted to reject the developer’s offer in order to seek a more lucrative sale. We litigated vigorously on behalf of our client. As a result, despite the fact that the law was probably in favor of the party in bankruptcy, the debtor and his new buyer elected to pay our client to agree to voluntarily terminate the option. Our client was quite pleased with the $300,000 he received.

Despite Tricky Bankruptcy Proceeding, Buyer Recovers Investment
Our client purchased an apartment building at a foreclosure sale. Because the foreclosing seller had not fully complied with the law, there was a latent defect in the title. Months later, the former owner, now in bankruptcy, tried to have the sale set aside based on the irregularity. Our client had already spent hundreds of thousands of dollars improving the building, and was at risk of losing that investment. As a result of our aggressive and creative defense of his position, our client was awarded a lien for all out-of-pocket expenses, including a significant portion of the attorneys’ fees. The former owner paid the lien in full.

Mortgage Broker Completes Transaction With Borrower In Bankruptcy
Our client, a mortgage broker, was in the middle of a refinance to cure mortgage arrearages when his borrower had to file for bankruptcy to stop a foreclose sale. The refinancing was still viable, but completing the transaction required detailed knowledge of the applicable bankruptcy law. The mortgage broker referred us to his client, whose lawyer was not experienced in this area. We filed a motion on behalf of the debtor that enabled the refinancing to succeed, saving the property from foreclosure. The mortgage broker, who had paid our fee in advance, billed all of it back to his client through closing costs. The property was saved for his client from foreclosure.

Get a Free Consultation

Required fields are marked with an asterisk (*).

Page Generated: 0.31608700752258 sec