Riverside, CA (PRWEB) July 02, 2012
The residents of Riverside County and all Southern California are no strangers to bankruptcy. Many have fought through the tough economic times, but are still unable to get a hold on finances. Many seek advice from a bankruptcy attorney in Riverside to ease the stress and harassment from creditors. Bankruptcy attorneys Zhou and Chini have been offering help to some of the individuals in Riverside that have suffered. A law firm representative said, “We are promoting our services by marketing for free consultations for bankruptcy in Riverside; our goal is to help those in need of financial relief.”
Many Riverside 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 also can 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 a 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.bankruptcyattorneyinriverside.com/
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.
About the Firm:
Zhou and Chini Law Offices provide bankruptcy assistance to Orange County, Los Angeles, Riverside and San Diego residents. For more information about the company please call the toll free, 888-901-3440 or visit http://www.bankruptcyattorneyinriverside.com/.