(PRWEB) July 20, 2012
The residents of Tustin and all Southern California know all about bankruptcy. Many have fought through the tough economic times, but are still unable to get a hold on finances. Many seek advice from a Orange County bankruptcy attorney to help ease the stress and harassment from creditors. Orange County bankruptcy attorneys Zhou and Chini have been offering help to some of the individuals in Tustin that have affected. A law firm representative said, “We are promoting our services by marketing for free consultations for bankruptcy in Tustin; our goal is to help those in need of financial relief.”
The first step before doing anything is to see whether an individual will be filing will be for a Chapter 7 or a Chapter 13 bankruptcy. Prior to filing a Chapter 7 bankruptcy, the filer must take a means test which takes income, expenses, assets, and liabilities into account. As a rule of thumb, if the filer’s income is below that of the state’s median income, a Chapter 7 bankruptcy will be permitted. For either a Chapter 7 or a Chapter 13 bankruptcy, filers can go directly to the court but it is highly recommended to have an experienced attorney do the bankruptcy court filing.
When a consumer files a Chapter 7 Bankruptcy in Tustin, there is no minimum or maximum amount of debt one can eliminate. A 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 your debts are dischargeable. What type information will a bankruptcy attorney need before 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 Tustin homeowners face foreclosure and may not qualify for the HARP Refinance program. If that is the case, there are ways to stop a foreclosure; an individual can also stop foreclosure process by filing bankruptcy. By filing a Chapter 13 bankruptcy case a person can catch up on back payments home and bills through the payment plan worked out with the bankruptcy trustee. The person must continue to make timely payments on the home during the bankruptcy case, or the lender petition the court to proceed with the foreclosure sale. The Zhou and Chini bankruptcy lawyers can help you filing for bankruptcy.
A person can also try to negotiate a loan modification with the lender. This can allow them to keep your 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. An 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 to help someone in debt is being used more and more as people find out the bankruptcy is not something to be ashamed of. The law office of Zhou and Chini, have dedicated many hours to provide free information on the firm’s website and also through social media. 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 they qualify for bankruptcy. For more information visit http://www.bankruptcyattorneytustin.info/
The firm uses SEO professionals to assist in law firm marketing to promote the message about the importance of speaking with a bankruptcy lawyer in Newport Beach CA. if someone is considering filing. The firm continues its online presence by offering zero cost bankruptcy information on bankruptcy firm’s blog and social media pages. This information along with free consultations the firm hopes to attract more Newport Beach residents looking for financial relief.
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, Riverside and San Diego residents. For more information about the bankruptcy law firm please call the toll free, 888-901-3440 or visit http://bankruptcyattorneyorangecounty.org