Culver City

Culver City Bankruptcy Lawyer

With a population of about 38,883, Culver City is a city in Los Angeles County, California. It is home to several motion picture and television production companies, and many of America’s favorite movies and television shows have been produced on lots located in Culver City.

The city’s downtown area was renovated and revitalized in the 1990s and early 2000s. It now features a well-known new art scene. However, the top employer in the city remains Sony Pictures Entertainment, with approximately 6,000 employees.

In spite of these positive developments, many people in Culver City remain in debt, struggling financially. Personal finance management requires many more sophisticated decisions today than ever before. As a result, more people these days have been unable to adequately assess whether they can afford the particular terms of a loan to purchase their house. Many of these people are facing foreclosure because they have failed to make payments on their houses.

If you are facing foreclosure, an experienced Culver City bankruptcy attorney can help you decide whether loan modification or bankruptcy is a better choice for you.

Should You Declare Bankruptcy or Ask for A Loan Modification?

Bankruptcy judges do not have the power to demand that a lender modify your loan or reduce the amount you owe on your house. As such, you should determine what your goals are and how to meet them before filing for bankruptcy.

loan modification is generally a better choice than bankruptcy if you have experienced a single serious financial setback, such as a disability, chronic illness with hospital bills, loss of a spouse, or loss of a high paying job and the need to take a lower paying one. These are all good reasons to ask the bank or lender directly for a loan modification that either changes the interest rate, the length of the loan, or the principal owed.

However, some banks are not required to modify your loan, even for a good reason. If your bank refuses to modify your loan and you are saddled with enormous debt, you may need to consider Chapter 7 or Chapter 13 bankruptcy. Chapter 13 is a better option either if you fail the means test required for Chapter 7, or if you hope to keep your house and car. Chapter 13 has several tools by which you may be able to continue paying off your debts on terms that are easier for you to manage.

Bankruptcy Tools for Keeping Your Home

Chapter 13 bankruptcy can help you halt foreclosure proceedings —so long as your house has not already been sold. Under Chapter 13, you must include mortgage payments in your debt repayment plan and commit to regular payments for the entire plan period.

One useful Chapter 13 bankruptcy tool that can help you keep your home and make your payments more manageable is lien stripping. If you are in default on a loan for your home because you have more than 1 mortgage on your house and the value of your home is fully secured by your first mortgage, you may have the option to “strip” the second or third mortgage during Chapter 13 bankruptcy.

A knowledgeable Culver City bankruptcy lawyer can examine your goals and your financial circumstances and help you decide whether loan modification or bankruptcy is a better plan. Contact Devin Sawdayi at 310-475-9399 or via our online form for help with this process.



Having been referred to you by my cousin, I wish to thank you for the extremely seamless handling of my Bankruptcy. You answered all my questions professionally and I really appreciate the understanding and care taken with my case. I would definitely refer you to anyone asking me for a good bankruptcy lawyer. 

– G.Epstein



I just want to thank you for the great job that you did helping me get my life back together! I’m not sure what I would have done had I not been given your contact! Not only did you make it possible for me to start fresh but you took care of all the details! And if that wasn’t enough you followed up with me when I needed your help after the fact. Please feel free to post this message as I never miss a chance to say what a great job you have done and are still doing! Thanks Devin for helping me start over! 

– Patricia Scanlan

10866 Wilshire Blvd. #890

Los Angeles, CA 90024

Toll Free: 800.474.6050Phone: 310.475.9399

We are a debt relief agency. We help people file for bankruptcy and have been proudly doing so since 1997.
We serve the following localities: Los Angeles County including Bell Gardens, Beverly Hills, Burbank, Carson, Compton, Culver City, East Los Angeles, El Segundo, Encino, Gardena, Hawthorne, Huntington Park, Lawndale, Los Angeles, Marina del Rey, Playa del Rey, Reseda, San Fernando, Santa Monica, Studio City, Tarzana, Van Nuys, Venice, and Woodland Hills.


Devin Sawdayi | Los Angeles Bankruptcy Lawyer Devin Sawdayi