Gardena Bankruptcy & Estate Planning Attorney
How to File for Bankruptcy in Gardena, CA
If you need information about how to file for bankruptcy, let our legal team at the Law Offices of James C. Shields help you. Our firm was established to help people just like you get a fresh financial start. If you need a solution that will solve serious financial troubles, we can help. Do you have too much debt, and are constantly dealing with creditor calls and threats? We can help you to file for bankruptcy, either Chapter 7 or Chapter 13. Every detail of the bankruptcy must be accurate, or serious problems can arise. We advise you to connect with us so we can evaluate your situation and help you come to the right decision. If it is filing for bankruptcy, we will help you through every step of the process, from start to finish.
How Bankruptcy Works
The bankruptcy laws were amended in 2005, making it more difficult for those who have many assets to take advantage of the ability to get rid of debt. Most of the people we work with are not affected by these changes, but will face new requirements. The "means test" is now the initial step in filing for bankruptcy. Those with a higher income won't qualify. The test measures your current monthly income against what is considered to be the "median" for individuals or families in the State of California.
If you have enough income to repay your debts, you will not qualify for Chapter 7, and can file Chapter 13. In order to correctly submit all the information about your finances, we advise that you get help from our firm. If you fail to disclose any income, have transferred assets to another family member or similar types of actions, it can be very dangerous. Never take advice about this process from friends or associates as if you are steered in the wrong direction, you could lose the opportunity to file for bankruptcy. We know the process, we know how to do it correctly, and we are ready to help you now.
You will also be required to complete credit counseling, but only with specific agencies. We can provide you with the list of agencies and advise you about the process so you know what is required, and all of these requirements are fulfilled so your bankruptcy can proceed. The credit counseling agency will not require that you follow the advice given, only that you complete the process. One of the other differences in filing for bankruptcy is that the Gardena bankruptcy lawyer that represents you must approve and vouch for every detail of information that it is submitted to the court. At our firm, we have a great deal of experience in the bankruptcy process, and are prepared to discuss your personal financial situation with you and advise you. It may be that you have other options, and a meeting with one of our legal team will allow you to get your questions answered.
The bankruptcy process is completed in approximately 4 – 5 months, at which point, your debts are discharged, and you are free from the obligation. For Chapter 13, you will be repaying your outstanding debt over a 3 – 5 year period in one payment. At the end of this period, the remaining debt is discharged.
Estate Planning and Probate Law in Gardena
Our firm provides skilled legal counsel in all estate planning and probate matters, from the creation of trusts, drafting of wills, review of existing estate plans, and has the skills and experience to create a plan that matches your individual needs and wishes. We also offer services in probate administration, business succession planning, guardianships and other matters related to estate planning or probate.
Contact our firm for more information about filing for bankruptcy, estate planning, wills and trusts and probate.
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