Bankruptcy Attorney Temecula
Bankruptcy Attorney Temecula
WE PROUDLY SERVE TEMECULA CA.
Call today (951) 260-3360
Our law office understands that many good people today are in financial trouble and need help to breathe and get a handle on their debts. Our firm is here at your service in Temecula California to offer you professional help and to give you a fresh start with your life. We service all Riverside County including the city of Temecula. Filing for bankruptcy in Temecula can help people in the following way A bankruptcy will offer a new beginning and for those who qualify which depends on each individual’s situation, a bankruptcy is the original stimulus package for the masses; by giving people freedom from the relentless stress and the harassment of creditors related to this, bankruptcy allows people to move on with their financial and emotional lives. You start a bankruptcy 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 far less than owed. Bankruptcy has different Chapters, which one you file is depending on the identity of the filing party, the amount of debts, and the specific needs of the filing party. The goal in bankruptcy is then is to discharge certain debts to offer a fresh start to the 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.
Bankruptcy Attorney Temecula
A good Temecula bankruptcy attorney would service their client well by knowing that debts are classified according into types under bankruptcy law. Secured debt is secured by an asset, usually homes, and cars.. These debts are usually loans given to finance the purchase of such assets, although, there are lots of people with home equity lines of credit which were by many banks when the housing market was over inflated. Unsecured debts, usually consisting of credit card debts and medical bills, are debts not backed by any assets. There are also certain debts, such as government fines and child support that are non-dischargeable. This means that they will remain a debt and cannot be discharged by the bankruptcy court. (Taxes may or may not be dischargeable depending on the specifics of the case). Depending on the individual needs of a client and qualifying factors, there are several types of bankruptcies the person may enter into in Temecula California. It is important for a person who is seeking to file bankruptcy to hire a qualified bankruptcy attorney in Temecula to guide you through the process. 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 Temecula bankruptcy attorney that will best suited to advise on which is right for you.
Bankruptcy Attorney Temecula CA
Chapter 7 bankruptcy is known as the liquidation chapter. Tis is the bankruptcy that most people file in Temecula and elsewhere. Chapter 7s is for people who do not many assets and who want to be able to discharge their debts and move on their lives. There are a certain amount of exemptions that individual’s tare allowed when filing bankruptcy. An effective Temecula bankruptcy attorney will advise the person properly as to what assets or amount of assets are exempted and therefore whether a Chapter 7 is the appropriate Chapter to file. 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, you should speak with a bankruptcy attorney Temeucla service.
Chapter 13 Bankruptcy Temecula
A Chapter 13 is for an individual who has a consistent monthly 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 homes that they want to keep. People with homes in Temecula, 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 mortgages and/or allows for the stripping of junior liens, a Chapter 13 thus allows for the reduction of debts. The plan usually ranges from 3 to 5 years depending on the situation of the individual filing. The plans often call for payment reduced from the original dollar amount on unsecured debts. When completed with the Chapter 13, the person comes out current on secured debts, junior liens often stripped and unsecured debts discharged. A Chapter 13 is basically a forced modification of debts on the creditors. For appropriate advice regarding filing Chapter 13, you should contact a bankruptcy attorney in Temecula CA.
Bankruptcy Attorneys Temecula
We also serve Temecula in representation in other types of bankruptcies, such as Chapter 11 or 12. A Chapter 12 is like a Chapter 13 but for fishermen and family farmers while Chapter 11 are for individuals whose debts exceed the limitations imposed in Chapter 13 and for non-individual entities such as limited liability companies and corporations. These are all reorganizational chapters of bankruptcy allow the filing party to reorganize the structure of their assets, and debts and their businesses if they are businesses owners. Most bankruptcy attorneys that service Temecula do not practice in these chapters, but our law firm does. We are the office you should contact for appropriate advice on these chapters of bankruptcy as we have the legal expertise and experience to afford you the best representation in Temecula. We proudly serve Temecula in these areas and are available today for a free consultation.
Temecula Bankruptcy Attorney
The most important thing you can do when contemplating bankruptcy is to get good advice from a reputable bankruptcy attorney that has worked with clients in Temecula. A California-licensed attorney will be able to advise you on your particular situation it is best to get a free consultation to evaluate what chapter to file. Although many places 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 the best bankruptcy chapter to file. We are qualified attorneys proudly serving Temecula and surrounding cities. Call us today for a free consultation for the best bankruptcy attorney Temecula service.
Chapter 7 Bankruptcy Temecula
You bankruptcy attorney in Temecula will want you to be extremely accurate when reporting all income, assets, and debts to your attorney. Many bankruptcies are delayed or derailed due to inaccurate client reporting, so you should make sure you have all your financial information available and be honest with your Temecula bankruptcy attorney about the extent of your assets and debts. Failure to due so can result in severe consequences by the bankruptcy court, and failure to report debts can result in them not being discharged. Please make sure all of your financial information is up to date and share any concerns with your bankruptcy attorney in Temecula CA.
Hiring a good Temecula bankruptcy attorney service need should not be difficult. In fact, our law firm makes it easy; we offer a free consultation either in person or over the phone. Of course, we want to make sure that you believe our bankruptcy service is the best choice for you. In determining on who is the right bankruptcy attorney for you in Temecula, 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 great reputation and the experience in bankruptcy cases necessary to work with you. In order to find the right bankruptcy attorney, you should do a little research. You can call your local bar association and ask for recommendations, or speak with others who have worked with a Temecula bankruptcy attorney in the past. If you already have an attorney, you can ask him/her for a recommendation, because not all attorneys specialize in bankruptcy Call your chosen bankruptcy attorney and schedule a consultation. If the attorney makes you feel comfortable and comes well-recommended, you are probably making a good decision. Do not use an attorney who is not experienced in bankruptcy or cannot meet with you in a timely manner. Offices that run so called “Bankruptcy mills” handle hundreds of cases every month and should be avoided; you will not get the individual attention that you need when filing bankruptcy. Cost should not be the most important factor in your decision; generally, those attorneys who advertise cheap bankruptcies do not give you good service, and filing for bankruptcy is one of the most important financial decisions one can make. By doing some research, you will find that we are the affordable, quality bankruptcy attorney who works in Temecula and can help you deal with these tough times. We want to serve you and Temecula proudly. Contact us today for a free consultation today
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 bankruptcy attorney Temecula. (951) 260-3360