Chapter 7 is the fastest way to a fresh start. This simple process wipes out debt, relieves stress, and puts an end to sleepless nights...
Chapter 13 is most commonly used to stop foreclosures, save homes, eliminate 2nd mortgages, reorganize on taxes, and erase unsecured debt. This 3-5 year plan is a powerful tool to protect assets and restore stability...
Raj Wadhwani received his law degree in 1997 from Southwestern University School of Law. Raj has dedicated his legal career to helping clients regain control of their lives by eliminating their debt. Raj has assisted thousands of individuals and small business owners through bankruptcy and debt settlement. Raj earned certification as a Bankruptcy Specialist through the American Board of Certification. Raj is also a licensed real estate broker who is very knowledgeable about real estate issues that often surface in bankruptcy matters... Read More
Greg Shanfeld received his law degree in 1994 from USC Law School in 1994. Greg began his legal career at one of the largest bankruptcy firms in the country. After gaining experience as a managing partner, Greg ultimately left that firm and joined forces with Raj Wadhwani to form Wadhwani & Shanfeld. Greg has always been passionate about protecting consumers and assisting individuals in becoming debt-free through either bankruptcy or debt settlement. Greg is also a licensed real estate broker with extensive experience in real estate financing and transactions. Greg's real estate background has proven to be invaluable to his clients pursuing bankruptcies, short sales, and loan modifications... Read More
Our team consists of fourteen experienced attorneys and assistants who you can count on to be dedicated to every aspect of your case. See entire team.
Why Wadhwani & Shanfeld?
We have over 40 years of collective bankruptcy and debt settlement experience. We have filed over 10,000 bankruptcy cases and have settled over $25M of credit card debt. Our expertise comes with a comprehensive understanding of your legal options, a familiarity with the bankruptcy judges and trustees, and knowledge of how creditors typically respond to different situations.
Affordable & Professional
Wadhwani & Shanfeld's fees are competitive and affordable, as we are happy to work out a payment plan that suits your needs. Many bankruptcy practices are set up as "mills," which means that you will be lured in by low advertised fees only to find out that a paralegal, not an attorney, will be handling your file. Or, you will be subject to the classic "bait and switch," and learn that there are additional fees not advertised. At Wadhwani & Shanfeld, our attorneys handle all of the legal work and will remain highly accessible from the minute you hire us to the conclusion of your case, and beyond.
Wadhwani & Shanfeld offers a free, in-depth consultation with an experienced attorney. In most cases, we can do the consultation over the phone the minute you call in. Of course, we are always happy to meet with you in person at one of our conveniently located offices. We will spend as much time as you need in order to determine the right course of action. And again, there is no charge for the consultation.
After doing a lot of research, I knew it was important to choose a good bankruptcy attorney to represent me. I had a complicated case involving taxes and other debt. I chose to go with Wadhwani & Shanfeld because of their experience and great reputation. Greg, thank you for being patient in answering all of my questions. You eased my fears about my creditors and their threatening notices. I found that your fee was competitive, and if I chose any cut-rate attorney I would have put myself in a more difficult situation. When you answered my questions, I believed that you would protect me, and as it turned out I was right. Again, I really appreciate your guidance in making the whole bankruptcy process easy and smooth for me from the start. Last week, I received the court order discharging all the back income taxes from IRS and FTB, as well as the other unsecured debts. Thus I am able to have a Fresh Start after all. I will highly recommend you to any potential client out there thinking of filing a bankruptcy case.
Benefits of Bankruptcy and Debt Settlement
Over the past twenty years, we have helped countless clients regain control of their lives. We often hear stories of clients sacrificing everything they have, including their health, just to keep up with their minimum payments. Before meeting with us, many clients have burned through all their savings, liquidated their retirement plans, and even borrowed money from family members whom they are unable to repay. This can be scary, especially when all the threatening collection calls start.
If you are overwhelmed by debt, we encourage you to call our office for a free consultation so that we can discuss eliminating your debt through bankruptcy. Bankruptcy Services
Debt Settlement is a non-bankruptcy alternative where we negotiate you out of debt for a fraction of what you owe. Our clients often express how discouraging it is when they figure out how many years it will take to pay off their debt by just making the minimum payments. The minimum payments, which may not even be affordable, are mostly interest. This means that it will often take 4-7 years to pay off your debt, and you may end up paying back 4 or 5 times what you borrowed!
Bankruptcy is not always the right solution, but neither is depleting your life savings and retirement accounts to pay never-ending interest payments. With our Debt Settlement program, the minimum payments stop immediately. We will put together a plan that will have you out of debt quickly, and for much less than what you owe. Debt Settlement Services
Recently, the Obama administration increased financial incentives to lenders that lower the mortgage balances on underwater homes. However, Freddie Mac and Fannie Mae will still not offer this debt forgiveness to borrowers. In an attempt to resolve the housing crisis, the Obama administration and top Democratic officials have been pushing for reductions in principal balances for underwater homeowners. They believe that doing so would reduce foreclosure rates. An underwater home is one on which the amount owed on the mortgages is greater than the value of the home.
However, according to Edward Demarco, director of the Federal Housing Finance Agency, which regulates Fannie and Freddie, a recent study showed the reduction in principal balances would certainly cost taxpayers money, but found no evidence that it would lower the potential for foreclosure. The study indicated that at least 500,000 homeowners could potentially benefit from this debt forgiveness program. Many of the homeowners included in this figure have not made a payment on their home in over a year. Further, the study showed that reductions in principal could save taxpayers up to $1 billion in the long run because those receiving the principal reductions would be more likely to continue making payments.