Filing bankruptcy is not an easy decision to make. You can try filing it yourself but that can be risky. There are so many things that a bankruptcy requires in order to be approved by the courts. Getting appropriate Bankruptcy Attorneys in Riverside CA is the best option for you.
Do Consultation with the expert bankruptcy attorneys in Riverside CA
Many people are surprised about two things regarding bankruptcy. One, they are surprised to find out that they actually have to qualify for filing for a bankruptcy, and two, they are surprised that it costs money to do so.
This is why it is so important to consult with bankruptcy attorneys in Riverside CA before you ever think of filing any chapter in the bankruptcy relief code. These attorneys will allow you to have a free 30 to 60-minute consultation with them. You do not have to pay anything to them to get information.
You can find out a lot from good bankruptcy attorneys in Riverside CA. You may even discover that filing for relief through the bankruptcy courts is not necessary for your situation. If, after your consultation, you are told that bankruptcy might be best there are a few things you want to avoid doing. Be aware that no good attorney will force you to file bankruptcy.
If you borrow anything from a credit card or you take out any other new loans before you file it can look to the court like fraud. Judges will be looking at your income versus your debts to determine which can be discharged. If you borrow money right before filing, it will look like you are using the bankruptcy to avoid paying bills you actually have the means to pay.
Along those same lines, you do not want to borrow money against your house. Bankruptcy courts allow for exemptions. You want to not only prove that you are an honest filer you want to be able to keep the full exemption allowed which is $175,000. Finally, do not borrow from your 401 K or IRA.
Find a law firm that has a specialty in bankruptcy filings of all types. There are Bankruptcy Chapter 7 and Chapter 13 bankruptcies which are most commonly filed by individuals. A Chapter 11 is also available but that is for businesses. Find a firm with a good reputation in the Riverside area and book a consultation.
Prepare complete financial documentation along with your Bankruptcy Attorneys in Riverside CA
Bring as much documentation regarding your financial situation with you. Every attorney’s office handles things differently but you can expect to either fill out a lengthy questionnaire or go into a meeting directly with the attorney. They will ask you detailed questions. The more information you can provide, the clearer a picture the attorney can get and will be able to help you better.
Get the help you need from experienced bankruptcy attorneys in Riverside now. It will make a difficult time seem much easier to handle.