Orange County, California (PRWEB) April 26, 2013
Orange County’s top bankruptcy attorneys Zhou & Chini are launching a “stop foreclosure in Orange County CA” campaign to help struggling homeowners in the city. Many residents are still having difficulties from the housing crisis from a few years back, and the bankruptcy lawyers are trying to reaching out to them. The attorneys want people to know that filing for bankruptcy is not the only option but it may be the best financial decision one can make if they qualify. Having a Foreclosure in Orange County is the legal process by which a lender reclaims a home or property to recoup the outstanding balance on a mortgage or loan. The property is sold, usually at auction, and the proceeds of the sale are used to settle the debt. The foreclosure process differs from state to state, and can happen as quickly as 30 days from the time that a notice is received. In some cases, the lender can also come after the person for the remainder of the loan if the sale price does not satisfy the debt. The attorneys want to let individuals know that homeowners can also stop foreclosure process by filing bankruptcy. By filing a Chapter 13 bankruptcy case homeowners can catch up on back payments on the property through the payment plan worked out with the bankruptcy trustee. Individuals must continue to make timely payments on their home during the bankruptcy case, or the lender petition the court to proceed with the foreclosure sale. For California Bankruptcy information visit the bankruptcy firms website here, http://bankruptcyattorneyorangecounty.org.
Filing a Chapter 13 bankruptcy in Orange County requires individuals to submit a detailed budget to the trustee and to the court. It may take time to compile all the records necessary to file a Chapter 13 case, it is important to have all paperwork in order when starting. A California Bankruptcy Attorney will help evaluate the individual’s financial situation and prepare a case for court. Typically debts that are owed to the government are not dischargeable; but including them in filing a Chapter 13 bankruptcy in Orange County plan can have many benefits. Chapter 13-trustee bankruptcy freezes interest and penalties on taxes. This will allow payments to go directly to the principal, greatly reducing the interest and penalties and interest any taxes.
The Orange County bankruptcy lawyers uses professional SEO services to assist in law firm marketing to promote the message about the importance of speaking with a bankruptcy lawyer in Orange County 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 Orange County residents looking for financial relief. To learn more information view the bankruptcy attorney Orange County Facebook page, https://www.facebook.com/BankruptcyAttorneyOrangeCounty
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 detainer. Zhou and Chini Law Offices provide bankruptcy assistance to Orange County, Los Angeles, and San Diego residents. For more information about using a bankruptcy attorney Riverside law office, call toll free.
Contact: Ron Chini