It’s Possible You Don’t Know as Much About Filing Bankruptcy as You Think: The Best Bankruptcy Attorney in Claremont
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 the Best Bankruptcy Attorney in Claremont 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 basics of starting a debt relief petition with the help of the Best Bankruptcy Attorney in Claremont 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 Best Bankruptcy Attorney in Claremont CA could help petitioners to obtain the information needed to submit an application for bankruptcy.
Contact the Best Bankruptcy Attorney in Claremont CA today
Individuals, couples, and corporations can use bankruptcy to get out of debt by filing for bankruptcy protection. Obtaining this protection, however, necessitates a thorough comprehension of the different bankruptcy plans as well as a complete list of financial information.
Allow the Best Bankruptcy Attorney in Claremont CA to handle this for you. We may be able to assist you in identifying your objectives and developing a strategy that will provide you with immediate financial relief as well as long-term stability. To get started, contact Law Offices of Terrence Fantauzzi now at (909) 552-1238.