(PRWEB) August 19, 2012
The residents of Corona and all Southern California know all about bankruptcy. Many of them have struggled through these difficult financial times, but are still unable to get a hold on finances. For those that need a Corona bankruptcy attorney to help ease the tension and harassment from creditors. Corona bankruptcy attorneys Zhou and Chini have already been offering help to some of the individuals in Corona that have affected. A law firm representative said, “We are offering our $100 down to stop creditor calls, by advertising the free consultations for a bankruptcy attorney in Riverside County
Despite the passage of the creditor-friendly Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, the Bankruptcy code is a powerful tool in the foreclosure defense arsenal. Bankruptcy can be used as a main strategy or as an individual last resort. The filing of a bankruptcy petition automatically freezes or “enjoins” the foreclosure sale in most cases and buys the property owner some breathing room. Bankruptcy can be used to eliminate or “discharge debt,” avoid liens on a property; reorganize a person’s debts or both. Truth in Lending violations, payment disputes and litigation can be pursued while an individual is under the protection of the bankruptcy court. The bankruptcy system is set up to give a person a fair shot at saving a home or to give that person a “fresh start”.
Before filing a Chapter 7 bankruptcy in Corona, the filer must take a means test which takes income, expenses, assets, and liabilities into account. As a rule of thumb, when the filer’s income is below that of the state’s median income, a Chapter 7 bankruptcy in Corona will be permitted. For either a Chapter 7 or a Chapter 13 bankruptcy, filers can go straight to the court but it is highly recommended to have an experienced Corona bankruptcy attorney do the bankruptcy court filing. When a consumer files a Chapter 7 Bankruptcy in Corona, there’s no minimum or maximum amount of debt one can eliminate. A Corona bankruptcy attorney will be able to tell that individual if you qualify to file for Chapter 7 bankruptcy by running a "means test", as well as informing if all of your debts are dischargeable. What kind of information will a bankruptcy attorney need prior to a person files for a Chapter 7 bankruptcy? The individual will need to get together various documents, including: A list of assets and liabilities (typically pulling a credit report helps) income and expenses as well as other pertinent documentation (W2's and tax returns are required).
Some Corona property owners face foreclosure and might not qualify for the HARP Refinance program. If that’s the situation, there are methods to stop a foreclosure; By working with a Corona bankruptcy attorney, the filing individual can utilize this powerful tool to have advantage if a property is facing foreclosure. The bankruptcy attorneys Zhou and Chini are very well versed in dealing with bankruptcy as a foreclosure defense. The bankruptcy attorneys have the knowledge and the resources necessary to help.
An Individual may also attempt to negotiate a loan modification with the lender. This may permit them to keep the home and make the payments on the debt more manageable. Many programs have been created to help homeowners stay in their homes due to the current mortgage crisis. The U.S. Department of Housing and Urban Development provides information on the government’s programs to help homeowners negotiate a mortgage modification. A Corona attorney can help with negotiate with a lender to obtain a loan modification. Fees associated with the negotiation process may limit the benefits of the modification received.
The use of an experienced bankruptcy attorney in Corona to assist someone in debt is being used more and more as individuals continue to suffer from the housing and job market. The bankruptcy law office of Zhou and Chini, have devoted countless hours to provide free information on the firm’s website and use a law firm marketing company to help distribute the message. The firm believes by providing as much information possible to the public, it will allow consumers to make smart choices on financial decisions, or whether or not the individual may qualify for bankruptcy.
SEO professionals help the bankruptcy attorneys by promoting the message about the importance of speaking with an experienced bankruptcy attorney in Corona CA, if someone is considering filing. The firm continues its web presence by offering zero cost bankruptcy information on bankruptcy firm’s blog and social media pages, and video commercials. This information along with free consultations the firm hopes to attract more Corona residents looking for financial relief. To read more on the bankruptcy firm’s bankruptcy attorney Corona Facebook page visit http://www.facebook.com/BankruptcyAttorneyCorona
About the Firm: The Law Office of Zhou & Chini servicing the cities and counties of California. He is a graduate of UCLA and has been practicing law since 1999. Mr. Zhou has a wealth of experience in bankruptcy, civil litigation, family law, criminal law and unlawful detainers. Zhou and Chini Law Offices provide bankruptcy assistance to Orange County, Los Angeles, Corona and San Diego residents. If you live in San Diego or Orange County and believe you may qualify for a reverse mortgage to help manage debts speak with one of our specialists. For more information about the bankruptcy law firm please call the toll free, 888-901-3440 or visit http://www.bankruptcyattorneycorona.com/