It’s Possible You Don’t Know as Much About Filing Bankruptcy as You Think: A Bankruptcy Lawyer Chapter 7 in La Verne
You might be concerned that declaring bankruptcy because you believe it will force you to sell all of your possessions. While Chapter 7 bankruptcy does necessitate the sale of some assets, Chapter 13 bankruptcy is a less severe option. You can apply for debt relief through this program while making monthly payments according to a court-approved schedule.
Contact a Bankruptcy Lawyer Chapter 7 in La Verne CA to discover more about your choices and how you can go ahead. We at Law Offices of Terrence Fantauzzi can assist you in determining whether or not this choice is appropriate for you. If that’s the case, a professional attorney might assist you in gathering the essential paperwork and overseeing the debt relief procedure. To get started, call (909) 552-1238 right now.
The many benefits of seeking bankruptcy protection with the help of a Bankruptcy Lawyer Chapter 7 in La Verne CA
Filing a request for bankruptcy protection comes with two main benefits. First, any application for bankruptcy relief that is valid on its face will trigger an automatic stay. According to 11 United States Code § 362, this stay puts an immediate halt to all collection efforts. Additionally, the court will send out a notice to all creditors that any future attempt to collect on these debts is invalid.
The second benefit is the discharge of most forms of debt. With rare exceptions such as student loans back taxes, a successful bankruptcy case handled by a Bankruptcy Lawyer Chapter 7 in La Verne CA can see a total discharge of debts. This can provide individuals, couples, and companies with a fresh financial start. Those considering bankruptcy should speak with a seasoned lawyer about the advantages of this process.
Let a Bankruptcy Lawyer Chapter 7 in La Verne CA help you
The bankruptcy process can grant both immediate and permanent debt relief. However, this process is complex and requires significant dedication and attention to detail. A Bankruptcy Lawyer Chapter 7 in La Verne CA could provide essential guidance during this time in your life.
Our firm could help you gather vital documents and submit a comprehensive application to the bankruptcy court on your behalf. Contact our office today to get started with a consultation by calling Law Offices of Terrence Fantauzzi at (909) 552-1238.