The Best Bankruptcy Attorney in La Verne CA Will Help You Avoid These Three Common Reasons a Bankruptcy is Denied

The Best Bankruptcy Attorney in La Verne CA Will Help You Avoid These Three Common Reasons a Bankruptcy is Denied

At Law Offices of Terrence Fantauzzi, we frequently work with clients who are completely unaware that their bankruptcy may be refused. Most individuals believe that bankruptcy is a viable choice if they fulfill all of the bankruptcy qualifying conditions. Regrettably, this is not the case for everyone. There are several reasons why you can be turned down.

Keep reading to learn three of them and then contact us at (909) 552-1238 to speak to the best bankruptcy attorney in La Verne CA for help.

  1. You do not supply the proper documentation
  2. Your financial status is essential to your bankruptcy case. As a result, you’ll be expected to furnish a slew of paperwork. Pay stubs, tax returns, bank statements, mortgage information, and other documents may be included. The best bankruptcy attorney in La Verne CA will seek the majority of this material, and Law Offices of Terrence Fantauzzi will assist you in obtaining documents if you don’t know where to look.

    In some situations, however, the courts may request this information directly from you. If you don’t supply the papers, provide them erroneous information, or don’t offer the degree of proof they want, the court may dismiss your case. This is only one of the many reasons why you should choose a bankruptcy lawyer.

  3. You don’t stick to the strict deadlines
  4. No matter what sort of bankruptcy you file, whether Chapter 7 or Chapter 13, you won’t be the only one doing so on that particular day. In reality, California courts receive hundreds of bankruptcy filings each year, and if each of those debtors were permitted to set their own dates, the system would be in pandemonium.

    That’s why the state has regulations about when things have to be submitted, and why they’re often strict when it comes to extending deadlines – since it may delay the cases of other debtors for months. Courts in both the state and federal realms have frequently held that a debtor’s bankruptcy case might be dismissed if he or she fails to appear in court.

  5. You have been found guilty of fraud by the bankruptcy court
  6. You will be obliged to answer questions in court to your bankruptcy trustee at some point. These are straightforward inquiries into your financial condition and bankruptcy case. The goal of these questions is to eliminate the possibility of fraud. If it is discovered that you committed fraud, your case may be rejected, and you may never be allowed to file bankruptcy for those debts again.

In bankruptcy court, fraud is defined as willfully omitting a creditor or debt, failing to disclose money in other accounts to your attorney, or failing to disclose that you will receive an inheritance or other financial windfall after the bankruptcy is discharged.

Denials of bankruptcy are uncommon, but they do happen

Remember that the three reasons listed above are only a few of the possible reasons for your bankruptcy being refused. Bankruptcy may be the greatest option for you, but it is also the most difficult. The good news is that you may enlist the help of Law Offices of Terrence Fantauzzi, the best bankruptcy attorney in La Verne CA. To begin your free consultation, call us immediately at (909) 552-1238.

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