Riverside Bankruptcy Lawyers – A Chapter 13 bankruptcy filing can be the answer to your debt problems, but as Riverside Bankruptcy Lawyers, we can tell you that while filing for Chapter 13 debt relief is a good start, it’s only that: a start.
Once your bankruptcy lawyer has filed for a Riverside Chapter 13 relief plan, it still has to be approved. The most important consideration is that the Bankruptcy Code requires that the repayment plan be feasible.
What does this mean for you? It means that you, the debtor, must demonstrate that you can make all the payments. Simply put, the Bankruptcy Trustee must be convinced you can meet your obligations. This means that you must be able to show you are capable of making all the payments over the life of the plan.
Often, our Riverside bankruptcy lawyers see debtors underestimate their monthly expenses. They really believe that they can survive on very limited means, like the family of seven who told their lawyer that they could live on $350 a month! Our Riverside Bankruptcy Lawyers know what kind of money it takes for a family to survive from month to month.
That’s why it is so important to be straight with your Riverside bankruptcy lawyer, and to listen to advice. The Bankruptcy Court is not going to buy into a plan that they see as unrealistic. Your lawyer is your best resource in working with you to develop a realistic repayment plan that will be approved by the Court trustee. Every case is different, and working with experienced Riverside bankruptcy lawyers is your best bet in getting your debt relief plan approved.
To find out more about both Chapter 13 and Chapter 7 bankruptcy, we urge you to download our California Guide to Bankruptcy. It’s free and can answer many of the nagging questions you have about what is involved in a debt relief filing. Just fill out the requested fields on this page, and we’ll send you a copy. It pays to be well informed when your financial future is at stake!
When you’ve read the Guide, call The Law Offices of Harold D. Thompson, Riverside Bankruptcy Attorneys, at 888.558.2992, for a FREE consultation with a bankruptcy lawyer. Find out if a Chapter 13 filing is right for you. Our Riverside bankruptcy lawyers can advise you of the best legal recourse for your particular situation, and put our years of expertise to work in getting you on the road to a fresh financial future!
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