Riverside County Bankruptcy Process – As Handled by The Travis Law Firm
It is easy to become intimidated or confused with the California bankruptcy process. Understandably, it is normal to fear things that we are not familiar with, which is often made more of an issue when it comes to bankruptcy, since many folks mistakenly think that everything they own will be lost if they do file bankruptcy. We hope you find the information about the bankruptcy process here useful, as we lay out the steps involved, and clear up some of the misconceptions that many people have about this very common practice.
Complete a FREE Initial Consultation with an Attorney at The Travis Law Firm
To understand your situation, and be able to provide you with options that can provide relief for your current financial situation, we schedule a first meeting that enables us to get to know each other and determine how we can best serve you. Within this meeting, we will help you understand the best course of action to take, and put you at ease with the road ahead, that, while not always the desired road to be on, can be completed with efficiency, dignity, and comfort.
You Need to Participate in Credit Counseling & Debtor Education as Part of the Bankruptcy Process
In California, filing for Chapter 7 or Chapter 13 bankruptcy will require you to participate in pre-bankruptcy credit counseling within a time frame of no more than 6 months prior to your filing, through a course provided through an approved agency by the U.S. Trustee in California. This step in the process will actually help you better determine whether or not you would be able to settle your finances without having to go through the process of bankruptcy. You will also need to participate in a course for debtor education, but not until after the bankruptcy is actually filed. This is mandatory, and must be completed prior to receiving your bankruptcy discharge.
Bankruptcy Form Completion, and Filing Them in the Proper Court
You will need to file a bankruptcy petition, which determines whether you would qualify for Chapter 7 or Chapter 13 bankruptcy. You can find more information about the differences of Chapter 7 and Chapter 13 here on our website, and we will be happy to explain more when we meet in person. Once your petition is complete, you will need to file in the proper court, which is the federal judicial district in which you reside. Or, you can alternatively file where you have lived for the greater portion of 180 days before your filing.
With CA Bankruptcy, You Don’t Actually Lose Everything
CA state government and the Federal government understands that stripping people of their possessions does not allow them the opportunity to have a new start, which is what bankruptcy is designed to offer people. A very small amount of people would utilize the process of bankruptcy, if the laws didn’t provide some protection of an individual’s personal property, which is why state laws and the CA bankruptcy code allow exemptions to be able to keep a certain amount of your property.
Trust the Expertise of The Travis Law Firm
When considering a Chapter 7 or Chapter 13 bankruptcy in the State of California, the competent and professional team of attorneys at The Travis Law Firm will help you navigate through the process very thoroughly, and will gladly help you with any concerns or questions along the way. It is our highest priority to make sure that you truly understand all of your options before we begin any action on your behalf.