A Bankruptcy Attorney Near Me in Colton CA Can Assist You in Deciding Which Bankruptcy Option Is Best for Your Situation
The most frequent type of bankruptcy protection is Chapter 7, which is available to all businesses as well as most individuals and couples. You may be able to get rid of most of your debt after finishing this program. Although the procedure might be complicated, a Bankruptcy Attorney Near Me in Colton CA can provide you with the assistance you require.
Your attorney can help you decide if Chapter 7 or 13 is the best option for you. The best course of action is to call [company] at (909) 552-1238. We can begin with a consultation in which you will learn about your alternatives, we will discuss our recommendations, and we will determine how to proceed.
The bankruptcy process – let your Bankruptcy Attorney Near Me in Colton CA help you through it
Choosing to pursue 13 bankruptcy is only the first step toward debt relief. To initiate the process, debtors must submit a significant amount of information to the court. In every case, the bankruptcy court requests detailed financial data. This information helps the court determine the amount of disposable income the petitioner has to calculate their monthly payment. This data may include paystubs, a list of current debts, a list of assets, and profit/loss statements.
Individuals and couples will also need to complete an approved credit counseling course. These courses take place entirely online in two sessions. At the end of the course, the credit agency will issue a certificate of completion that the petitioners must attach to their bankruptcy petition.
Once the court receives a valid petition, it will issue an automatic stay. This prevents any current collection efforts from moving forward and prohibits the initiation of any new efforts.
Reach out to a Bankruptcy Attorney Near Me in Colton CA today
Filing for bankruptcy protection can be a powerful tool for individuals, couples, and businesses to escape from overwhelming debt. However, obtaining this protection requires a detailed understanding of the various bankruptcy plans and a comprehensive list of financial data.
Let a Bankruptcy Attorney Near Me in Colton CA take the lead in this process. We could help you identify your goals and formulate a plan that can lead to immediate financial relief and long-term stability. Contact our team (909) 552-1238 today to get started.