You Might Not Know as Much About Bankruptcy as You Think: A Bankruptcy Lawyer Near Me in La Verne 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 a Bankruptcy Lawyer Near Me in La Verne 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.
The bankruptcy process – let your Bankruptcy Lawyer Near Me in La Verne 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.
Make sure you’re choosing the right options by working with a Bankruptcy Lawyer Near Me in La Verne CA
Whether or not you file for bankruptcy, and which type of bankruptcy you apply for, can have significant impacts on the rest of your financial future. It is essential to have the right legal team on your side. When you choose Law Offices of Terrence Fantauzzi as your Bankruptcy Lawyer Near Me in La Verne CA, you are choosing experience, compassion, and expertise.
We will provide the guidance you need through this difficult time. We will get together all the vital documents you need and make sure that everything is submitted correctly. Contact our offices now at (909) 552-1238 to request your free consultation.