You Might Not Know as Much About Bankruptcy as You Think: A Bankruptcy Lawyer Near Me in Upland 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 Upland 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 Upland 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.
Let a Bankruptcy Lawyer Near Me in Upland 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. A Bankruptcy Lawyer Near Me in Upland 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.