A Bankruptcy Lawyer in Riverside CA Can Help You Determine the Best Bankruptcy Option for Your Needs
Chapter 7 bankruptcy is the most common form of bankruptcy protection, as it is available to all companies and most individuals and couples. After completing this program, you could benefit from the discharge of most of your debt. Although this process can be complex, if you have a bankruptcy lawyer in Riverside CA, you will have the help you need.
Whether Chapter 7 or 13 is best for you can be determined by your attorney. The best step is contact Law Offices of Terrence Fantauzzi at (909) 552-1238. We can start with a consultation during which you will learn about the options, we can discuss our advice, and we can decide how to move forward.
The basics of starting a debt relief petition with the help of a bankruptcy lawyer in Riverside CA
Filing a petition for bankruptcy protection can have an immediate and powerful effect. However, this protection is only possible if the filing party follows the legal guidelines for submitting a comprehensive application. All parties, regardless of their status as an individual, couple, or company, must submit detailed financial data to the court. According to 11 United States Code § 521, this will include:
- A list of creditors and the amount owed to each entity
- A list of assets
- An income statement
- A list of current liabilities
Individuals and couples seeking protection must take an additional step. This involves completing an approved credit counseling course. These take place online over two sessions and teach people about the process and how to avoid debt in the future.
Those who complete the course will receive a certificate of completion, which must accompany any request for bankruptcy protection. A seasoned bankruptcy lawyer in Riverside CA could help petitioners to obtain the information needed to submit an application for bankruptcy.
Today is the day to contact a bankruptcy lawyer in Riverside CA
The threat of foreclosure and other debt collection methods is terrifying for any homeowner or debtor. If a bank or another lender initiated legal proceedings to seize your home. It is essential that you be ready to fight back. If it has not gotten that far yet, then now is the time to take action and prevent further action against you.
Filing bankruptcy will be an immediate stop to all foreclosure and debt collection efforts. Do not wait – contact Law Offices of Terrence Fantauzzi today at (909) 552-1238 to request a free legal consultation with a bankruptcy lawyer in Riverside CA.