(PRWEB) September 14, 2012
Murrieta residents are obviously still feeling the effects of the housing bubble and job losses. The fact that the calls keep coming in from Murrieta residents and all Riverside County shows the cities are not out of the woods yet. The bankruptcy firm although happy that the calls have doubled over the last 60 days is also concerned there are still many people in need of debt relief. A good bankruptcy attorney in Murrieta is not going to come cheap, but nothing good rarely does. Filing for bankruptcy generally runs anywhere from $2500 to $4500 depending on the situation. The major issue is, if someone is filing bankruptcy how can the individual afford to retain an attorney, well that’s where the payment plans come in offered by the law firm. The firm believes the new spike in phone calls are because of the online efforts promoting the free consultations and payment plans. Many people in Murrieta have already filed for bankruptcy and with the recent call volume; it does not seem it’s going to slow down anytime soon. If an individual if considering filing for bankruptcy in Murrieta, the first thing to do is find out what chapter they will be filing for. The most common in Chapter 7 bankruptcy, also known widely as “straight bankruptcy” or “liquidation” To qualify for a Chapter 7 bankruptcy the filing individual must make less than the median income for people the Murrieta area. If the person’s income is above the medium income leveling the area, that person may still be eligible for Chapter 7 protections, but that individual will have to undergo a means test to determine how much disposable income that person has. To learn more about hiring a bankruptcy attorney in Murrieta visit,http://www.bankruptcyattorneyinmurrieta.com
Filing for Chapter 13 bankruptcy in Murrieta is bit different, Chapter 13 bankruptcy often called “wage-earners bankruptcy”, provide a person with a way to achieve a new start, but require the filer to pay off some of their outstanding debts. Under the terms of Chapter 13 bankruptcy your unsecured debts are combined into one category and a Payment plan is developed based on cancellations of the filing individual’s disposable income. That individual will still have enough income to pay living expenses; such as those expenses will be used to pay off the unsecured creditors over a 3 to 5 year period. Once the agreed payments Have all been made, that person will receive a discharged for your debts that were included in the bankruptcy. Whether or not payments satisfied the outstanding balance. To learn learn more about the different Chapters of bankruptcy, use a Riverside bankruptcy attorney to review the options available.
A SEO company has been helping the bankruptcy attorneys for internet marketing to help promote the message about the importance of speaking with an experienced bankruptcy attorney in Murrieta CA, when an individual is considering filing for bankruptcy. The bankruptcy firm continues its online presence by offering no cost bankruptcy information on the firm’s blog and social media bankruptcy pages. This information along with zero cost consultations the Murrieta bankruptcy attorneys hope to help more homeowners learn about bankruptcy and what options they may have. To read more on the bankruptcy attorney Murrieta Facebook page visit, http://www.facebook.com/BankruptcyAttorneyMurrieta
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 Riverside, Los Angeles, Riverside and San Diego residents. For more information about bankruptcy attorney Riverside law firm please call the toll free, 888-901-3440