You Might Not Know as Much About Bankruptcy as You Think: The best Bankruptcy Lawyer in Covina CA Can Help
You may be worried that going through bankruptcy will require the sale of all your assets. Though Chapter 7 bankruptcy does require the sale of some assets, Chapter 13 presents a less harsh alternative. In this program, you may seek debt relief while making regular payments according to a court-approved plan.
To learn more about the options and how you can move forward, contact the best Bankruptcy Lawyer in Covina CA. At Law Offices of Terrence Fantauzzi we can help you determine if this option is right for you. If so, a dedicated attorney could help you gather the necessary documentation and oversee the debt relief process. Call us now at (909) 552-1238 to get started.
Your Best Bankruptcy Lawyer in Covina CA can help you file a debt relief petition
Filing a bankruptcy petition can have an immediate and significant impact. This protection, however, is only available if the filing party satisfies the legal requirements for presenting a thorough application. Regardless of whether they are a person, a couple, or a corporation, all parties must provide thorough financial information to the court. This will include the following, according to 11 USC 521:
- A list of creditors, as well as the amount owing to each.
- A list of resources
- A profit and loss statement
- A list of current obligations
Individuals and couples who want to be protected must take an extra step. This entails taking a credit counseling course that has been authorized. These take place over two sessions online and educate individuals on the bankruptcy process as well as how to prevent debt in the future.
Those who finish the course will obtain a certificate of completion, which must be shown with any bankruptcy petition. The best Bankruptcy Lawyer in Covina CA could assist applicants in obtaining the information required to file a bankruptcy petition.
Let the best Bankruptcy Lawyer in Covina 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. The best Bankruptcy Lawyer in Covina 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.