It’s Possible You Don’t Know as Much About Filing Bankruptcy as You Think: A Bankruptcy Attorney in Covina
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 attorney in Covina 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 Advantages of Filing for Bankruptcy with the Help of a Bankruptcy Attorney in Covina CA
There are two key advantages to filing for bankruptcy protection. First, any bankruptcy petition that is legitimate on its face will result in an automatic stay. This stay, in accordance with 11 USC 362, puts an immediate halt to all collection attempts. In addition, the court will notify all creditors that any future attempts to collect on these obligations will be null and void.
The cancellation of most types of debt is the second advantage. A successful bankruptcy case can result in a total discharge of debts, with rare exclusions such as college loans and unpaid taxes. Individuals, couples, and businesses all benefit from a fresh financial start. Those considering bankruptcy should contact a bankruptcy attorney in Covina CA about the benefits of this option.
Working with a bankruptcy attorney in Covina CA can ensure you’re making the best decisions.
Whether you file for bankruptcy, and whatever sort of bankruptcy you file, can have far-reaching consequences for the rest of your financial life. Having the correct legal counsel on your side is critical. When you hire Law Offices of Terrence Fantauzzi as your bankruptcy attorney in Covina CA, you’re choosing experience, compassion, and competence.
We will offer you with the support you require at this trying time. We’ll gather all of the necessary documentation and ensure that everything is filed appropriately. To schedule your free consultation, call (909) 552-1238 right now.