Filing for Bankruptcy
Are you considering filing for bankruptcy?
If you are faced with uncontrollable debts and are considering bankruptcy as a solution to your financial problems, have your situation reviewed by a California bankruptcy lawyer. It is important to get the best legal advice possible when you are looking for a resolution to mounting bills.
The first step in filing for bankruptcy is to determine if you qualify for this remedy. A bankruptcy lawyer can examine your financial records to determine if you meet the requirements for Chapter 7. If not, you may be able to file under Chapter 13. With a Chapter 7 bankruptcy, non-exempt assets are liquidated to pay creditors. Most of your debts will end of being discharged, excluding financial obligations such as alimony, child support and student loans. Chapter 13 involves the restructuring of creditor payment plans based on your ability to pay.
Before you file, you will also need to undergo some form of credit counseling from an organization approved by the United States Trustee. Once you have completed the counseling, a form is then completed and submitted to the court attesting to your compliance.
Bankruptcy Attorney in California
Filing for bankruptcy can be a big decision in a person's life. An experienced bankruptcy attorney can help you understand the process and the steps involving in filing, including:
- Determining your qualifications for bankruptcy
- Deciding on filing Chapter 7 or Chapter 13
- Completing mandatory credit counseling
- Preparing the bankruptcy petition
- Submitting the petition to the U.S. Bankruptcy Court
Regardless of the complexity of your financial circumstances, Price Law Group can competently guide you through the bankruptcy filing process. We have a thorough understanding of filing procedures, and will work efficiently in the preparation and submission of your petition.
If you have debt problems,
contact a California Bankruptcy Lawyer
to discuss filing a petition for bankruptcy.
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