Business Details
25 Years
experience
Your Trusted Bankruptcy & Debt Relief Partner in Cerritos
Financial Recovery Law has been dedicated to helping individuals and businesses overcome financial distress for over two decades. Our firm combines deep legal expertise with compassionate client service, specializing in bankruptcy proceedings, debt settlement negotiations, and tax resolution strategies. We pride ourselves on personalized attention, multilingual support, and transparent communication throughout every case.Our experienced team understands the emotional and practical challenges of financial hardship, offering tailored solutions that prioritize long-term stability over temporary fixes. We maintain rigorous professional standards while treating every client with the dignity and respect they deserve throughout their financial recovery journey.
Services
Chapter 7 Bankruptcy
Chapter 13 Bankruptcy
Debt Settlement
Tax Resolution
Creditor Harassment
Wage Garnishments
Loan Modification
Student Loan Assistance
Foreclosure Defense
IRS Tax Resolution
Details
- Year established: 2001
Highlights and features
- We have over 20 years of experience in financial recovery law
- Our team includes attorneys fluent in English, Tagalog, and Armenian
- We provide honest, client-focused service with transparent communication
- We've successfully represented 4,000+ individuals and businesses
- We offer personalized debt solutions beyond just bankruptcy options
What people say
Incredibly helpful
Excellent service
Genuine, capable and kind
Financial recovery success
Professional and personal assistance
Services
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy provides debt relief through asset liquidation for qualifying individuals. This process eliminates eligible debts by selling non-exempt assets to repay creditors. Our attorneys guide clients through qualification requirements and exemption protections to preserve essential assets like homes and retirement accounts. We help clients understand how this option stops creditor harassment and creates a path toward financial fresh start.
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy establishes structured repayment plans for debtors with regular income. This option allows debtors to retain property while repaying debts over 3-5 years. Our legal team develops customized payment plans that satisfy court requirements and creditor obligations. We assist clients in navigating the complexities of this process to achieve debt discharge while maintaining financial control and asset ownership.
Debt Settlement
Debt Settlement resolves unsecured debts through negotiated reductions with creditors. Our attorneys leverage legal expertise to reduce total debt amounts owed for medical bills, credit cards, and personal loans. We work with clients to develop lump sum payment strategies that satisfy negotiated settlements. This service provides an alternative to bankruptcy for qualifying debt situations while protecting client financial interests.
Tax Resolution
Tax Resolution addresses back tax liabilities through installment agreements and debt reduction programs. Our specialists negotiate with the IRS to establish manageable payment plans and potential penalty abatements. We help clients understand tax code complexities and protect assets from levies and liens. This service provides strategic solutions for individuals and businesses facing tax debt challenges.
Wage Garnishment
Wage Garnishment defense stops unauthorized paycheck deductions for debt collection. Our legal team challenges improper garnishments and negotiates alternative payment arrangements. We help clients understand their rights under wage garnishment laws and develop strategies to protect income. This service provides immediate relief from financial pressure while resolving underlying debt issues.
People
Ray Bulaon
Attorney at Law
Ray Bulaon, a California licensed attorney since 1997, brings personal experience with financial hardship to his legal practice. After working at a major bankruptcy firm, he founded Financial Recovery Law in 2001 to provide compassionate debt solutions. With over 4,000 successful cases, he specializes in Chapter 7 and 13 bankruptcies while maintaining a client-centered approach to financial recovery.
Questions
What bankruptcy options exist for individuals?
Chapter 7 eliminates debts through asset liquidation for qualifying filers. Chapter 13 establishes repayment plans for debtors with regular income. Our attorneys help determine which option best suits your financial situation.
How does debt settlement work?
Debt settlement involves negotiating reduced payoff amounts with creditors. We work to lower total debt balances for unsecured obligations like credit cards and medical bills through structured negotiation processes.
Can bankruptcy stop wage garnishment?
Filing bankruptcy typically triggers an automatic stay that halts wage garnishment immediately. This provides immediate financial relief while developing long-term debt solutions through the bankruptcy process.
What tax debt resolution options exist?
We negotiate IRS installment agreements, offer in compromise proposals, and penalty abatement requests to resolve tax liabilities while protecting client assets from levies and liens.
How do I qualify for Chapter 7 bankruptcy?
Chapter 7 requires passing a means test comparing income to state median levels. Our attorneys analyze your financial situation to determine eligibility for this debt liquidation option.
What areas do you serve?
We serve clients throughout Southern California including Los Angeles, Orange, San Bernardino, and Ventura counties from our Cerritos office location.
