Bankruptcy Attorney Corona

Bankruptcy Attorney Corona

WE PROUDLY SERVE CORONA.

We understand that many good people today are in financial distress and need help to breathe and from going under an avalanche of debts.  We are here at your service to offer you a lifeline and to give you a fresh start with your life.  We serve the entire County of Riverside, including the city of Corona.  People often ask how could bankruptcy help them.  A bankruptcy will offer a new beginning and depending on your situation, the ability to keep your house with much less debt attached to it.  A bankruptcy is the original stimulus package for the masses;  by giving people freedom from the relentless harassment of creditors and stress related to this, bankruptcy allows people to move on with their financial and emotional lives.  A bankruptcy is started by the filing of a petition.  By filing this petition, an automatic “stay” is imposed against the collection efforts of the creditors until the debts are discharged or in some cases when a plan is confirmed to pay usually pennies on the dollar.  There are different Chapters of bankruptcy, depending on the identity of the filing party, the amount of debts, and the specific needs of the filing party.  The aim of the bankruptcy then is to discharge certain debts to offer a fresh start to the distressed individual.  When these debts have been discharged in bankruptcy court, and that court releases the debtor from the action and liability, the petitioner is free to engage in contracts of new debt as well as obtain new assets. Bankruptcy courts are Federal entities that have control over districts and supersede judgments by lower courts.

A good bankruptcy attorney would serve Corona well by knowing that debts are classified according into types under bankruptcy law. Secured debt is secured by an asset, usually cars, and homes.  These debts are usually loans given to finance the purchase of such assets, although, there are many people with home equity lines of credit which were given readily by banks when the housing market was inflated.  Unsecured debts, usually credit card debts and medical bills, are debts not backed by any assets. There are certain debts, such as child support and government fines, that are non-dischargeable. This means that they will not be discharged by the bankruptcy court and will remain a debt. (Taxes may or may not be dischargeable depending on the specifics of the case).  Depending on the needs of a client and qualifying factors, there are several types of bankruptcies the person may enter into. It is very important for a person who is embarking on a bankruptcy to employ a qualified bankruptcy attorney to guide you through the process. As stated, depending on the type of debt, and the amount owed, there will be a specific type of bankruptcy that a debtor will fall into, and we are the bankruptcy attorney best suited to advise on which is right for you.

Bankruptcy Attorney Corona

WE PROUDLY SERVE CORONA.

Different Chapters. Chapter 7 bankruptcy is known as the liquidation chapter.  Most people file Chapter 7.  Chapter 7s are for people who do not have much assets and who simply want to discharge their debts and move on their lives.   Individuals are allowed certain amounts of exemptions in bankruptcy.  An effective bankruptcy attorney will advise the person properly as to what assets or amount of assets are exempted and therefore whether a Chapter 7 is appropriate.  Debtors are also allowed the keep assets that have secured debts that are attached.  Often, secured creditors will ask the debtor to sign re-affirmation agreement.  These agreements are often better the original loans.  For appropriate advice regarding Chapter 7, we should the bankruptcy attorney that you contact today.

A Chapter 13 is for individuals who have consistent monthy income, who make too much money to qualify for a Chapter 7 and/or who want to keep assets with secured debts attached to it.  Most people file Chapter 13 because they have houses that they want to keep.  People with houses, located in cities such as CoronaXXX, may be behind in payments on the first mortgage or may additional junior liens against such houses.  A Chapter 13 allows for plan payment to catch up on the arrears of these mortgage and/or allows for the stripping of junior liens.  A Chapter 13 thus allows for the reduction of debts.  A plan usually ranges from 3 to 5 years depending on the specifics of one’s situation.  The plans often call for payment on pennies on the dollar on unsecured debts.  When a Chapter 13 plan is completed, the individual comes out current on secured debts, junior liens often stripped and unsecured debts discharged.  A Chapter 13 is essentially a forced modification of debts on the creditors.  For appropriate advice regarding Chapter 13, we should the bankruptcy attorney that you contact today.

We also serve Corona in representation in other types of bankruptcies, such as Chapter 11 or 12.  A Chapter 12 is like a Chapter 13 but for family farmers and fishermen while Chapter 11 are for individuals whose debts exceed the limitations imposed in Chapter 13 and for nonindividual entities such as corporations and limited liability companies. These are all reorganizational chapters which allow the filing party to reorganize the structure of their assets, and debts and their businesses if they are businesses.  Most bankruptcy attorneys do not practice in these chapters but we do.  We should the bankruptcy attorney that you contact for appropriate advice on these chapters as we have the legal expertise and experience to afford you the best representation in court. We proudly serve Corona in these areas and are available today for a free consultation.
The most important thing you can do when contemplating bankruptcy is to get good advice from a reputable attorney. California state statutes also affect the implementation of bankruptcy law, so a California-licensed attorney will be able to advise you on your particular situation. Although many websites advertise “do-it-yourself” bankruptcies, these seldom work as they are not specific to the state and situation in which you find yourself. There are many intricacies that can change the action of your bankruptcy, and only a qualified bankruptcy attorney can effectively advise you.  We are such qualified attorneys proudly serving Corona.  Call us today for a free consultation

It is extremely important to accurately report all income, assets, and debts to your attorney. Many bankruptcies are delayed or derailed by inaccurate client reporting, so you should make sure you have all your financial information available and be honest with your attorney about the extent of your debts and assets. Failure to report assets can result in severe consequences by the bankruptcy court, and failure to report debts can result in them not being discharged. Take time to make sure all of your financial information is up to date and share any concerns with your attorney.

Bankruptcy Attorney Corona

WE PROUDLY SERVE CORONA.

Hiring a good bankruptcy attorney serving Corona need not be difficult.  In fact, we have made it easy as you are here and we believe that you have come to right place in finding one.  Of course, we want to make sure that you believe in us as we believe in us.  In determining on who is the right bankruptcy attorney for you, you should find a bankruptcy attorney who has the time to devote to your case, who can meet with you and discuss your individual situation, and who has a good reputation and the experience necessary to work with you. In order to find the right bankruptcy attorney, you should do a little homework. Call your local bar association and ask for recommendations, or talk to others who have worked with a bankruptcy attorney in the past. If you already have an attorney, you can ask him/her for a recommendation. Call your chosen attorney and schedule a consultation. If the attorney makes you feel comfortable and comes well-recommended, you are probably making a good choice. Do not use an attorney who is not experienced in bankruptcy or cannot meet with you in a timely manner. “Bankruptcy mills” handle hundreds of cases every month and should be avoided; you will not get the individual attention you need at this time. Cost should not be the most important factor in your decision; generally, those attorneys who advertise cheap bankruptcies do not give you good service. By doing some research, you will find that we are the affordable, quality bankruptcy attorney who will help you deal with these tough times.  We want to serve you and Corona proudly.  Contact us today for a free consultation.

Bankruptcy Attorney Corona

WE PROUDLY SERVE CORONA.

The bankruptcy process is a government sanctioned means for consumers to get a fresh start and regain their financial footing. The problem is that filing bankruptcy has become complicated to the point where a filer acting alone may not realize all the benefits which are available through either a Chapter 7 or a Chapter 13 bankruptcy. For that reason alone, it is imperative that anyone considering a bankruptcy filing in , consult with a qualified bankruptcy attorney, first to determine the best path forward and then to get the best result possible in the outcome of the bankruptcy. Thank you for visiting our website and we hope to be the bankruptcy attorney serving you and Corona.

 

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