Riverside Bankruptcy Lawyer – When our clients come into our offices, they want to know what to expect from bankruptcy, and how it will affect them. First off, we help determine which form of bankruptcy is best for them. A valuable tool in determining which plan is best is the Means Test. The intent of the Means Test is to determine if you have sufficient funds to pay back a Chapter 13 debt relief program, or if a Chapter 7 bankruptcy is best for you. Basically, the Means Test determines if your household income is low enough to qualify for Chapter 7 debt relief, rather than Chapter 13. The cut-off levels for Chapter 7 vs Chapter 13 vary, according to how many wage earners there are in the household, but generally, if you are unemployed, you probably qualify for Chapter 7 bankruptcy.
Next, you will have to get usl your bills, so that your Riverside bankruptcy lawyer can determine exactly how much is owed to your creditors. This is also so that we have contact information for all of your creditors, so that we can be in communication with them regarding your Chapter 7 bankruptcy filing.
Next, we need about all of your assets. We urge our clients not to attempt to conceal anything, as any assets are part of the bankruptcy estate, and they must sign a statement under oath that they have provided a complete list. Anything else qualifies as perjury.
Once we know all the assets, we can assess them to determine which are exempt. If the property is excempt, it means that it cannot be sold to satisfy the debts owed to creditors.
Once we have all the information, we prepare the legal documents for you to review. Once you have verified the accuracy of the documents, the petition and schedules are ready to file. The Court will review them and, when the process is finished, grant a discharge of bankruptcy.
These are tough times for too many folks , people like you, who just need a fresh start on their finances. We have over 30 years of experience, and are dedicated to helping you along the path to a fresh financial future. Download our free book, The California Guide to Bankruptcy, to find out more about the process and what bankruptcy can do for you. Then give one of our Riverside bankruptcy lawyers a call at 888.558.2992, for a FREE consultation. You can even request your free bankruptcy evaluation right here on this site. The Law Offices of Harold D. Thompson, Riverside Bankruptcy Lawyers, are here to help you through these troubled times, and get you the fresh start you deserve!
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