Bankruptcy Attorneys In Orange County
Bankruptcy attorneys in Orange County can help you find solutions to financial problems and get a fresh, clean start. Working alone may be cheaper, but with the constant flux and complexities of bankruptcy law, it’s too easy to make mistakes that put you in a deeper fix. By hiring bankruptcy attorneys in Orange Co
unty, you’re in a better position to deal with your creditors, and you can get the information you need to make smarter decisions.
But what can bankruptcy attorneys in Orange County really do for you? Perhaps the most important advantage of legal help is professional guidance—your lawyer can help you understand the laws and stay on the safe side. Many borrowers have ended up with lawsuits just because of minor flaws in the bankruptcy filing process, which could easily have been avoided.
You’re also protected from your creditors when you work with bankruptcy attorneys in Orange County. Once they know you’ve got a legal team, they can no longer harass you for payments or send collection agencies to do so. This “automatic stay” goes into effect as soon as you file for bankruptcy, so you can focus on getting back on track without the constant calls from creditors.
You can find bankruptcy attorneys in Orange County through local directories, referrals from friends and family, or by doing a quick online search. Make sure to do your research beforehand and choose a lawyer who understands your case. With a bit of planning and patience, you and your lawyer can work out a viable solution in no time.
Filing Bankruptcy In Orange County, CA
The first step in filing bankruptcy in Orange County is a meeting with your attorney. This is where you go over your situation and decide which approach will work best. There are two types of bankruptcy you can file for: Chapter 7 bankruptcy, where your assets are liquidated to pay off your debt; and Chapter 13, where you enter a repayment plan with your creditors. Your bankruptcy attorneys in Orange County will also help you compete the means test, which will determine which chapter is right for you.
Next, you and your creditors get a notice for a “341 meeting” wherein the trustee verifies your data. This is also where you set an agreement with your creditors and, if you filed for Chapter 7 bankruptcy, any non-exempt assets are put up for liquidation. Creditors are given 60 days after the meeting to make complaints; otherwise, a notice of discharge of debt is issued.
If you opted for a Chapter 13 bankruptcy, no assets will be liquidated. Instead, you pay off as much of the debt as you can within a given time frame, and the notice of discharge will be issued as soon as you make your final payment. The payment period is usually from three to five years.