As a Riverside County bankruptcy attorney, we help individuals and families to recover financially after they have been set back. Contrary to popular belief, most people do not declare bankruptcy because they went on a massive shopping spree. It normally becomes necessary due to something unpredictable like an emergency surgery and massive medical bills, losing a job, having unexpected legal fees from a divorce, etc. These are the real-life events that no one can anticipate and most people do not have enough savings to cover. Even those with a few months of bill money in the bank find that their savings run dry when their job loss continues past six months. Since unemployment may only pay 30 percent of your past wages, this is not nearly enough to keep the mortgage paid, food on the table and to pay the credit cards. As a result, most families pay the basic necessities and debts fall by the wayside. This is a hard choice to make but an easy one as well, because at the end of the day – your family needs to be okay. We get it. We won’t judge you but we will help you.
When you schedule an appointment with our office, you will be speaking with a Riverside County bankruptcy attorney that is on your side. We are here to make your life easier and help you to have a better future. By helping you to get out from under your debts, we can put you on a path to financial solvency. Here are some things you should discuss with us when you come in –
#1 Your current income level.
We will need to know what your current financial situation is and what changed. If you lost your job or had a decrease in pay, we will want to see your current pay stubs. When you go to file for bankruptcy, we have to calculate your total income, living expenses, and debt to determine which type of bankruptcy you qualify for. The court will consider your income for the past six months, so bring us what you can.
#2 What you want to do with your debts.
Just because you file for bankruptcy, does not mean that all of your debts have to be or can be wiped out. That really depends on the type of bankruptcy you file for. If there are certain debts that you want to keep paying on let us know.
#3 Your home.
Do you plan on keeping your home and getting caught up on the mortgage or are you looking to downsize and save? We can help to create a plan for how you can keep your home, even if you are severely behind and being threatened with foreclosure. The key is that if we put forward a plan that is approved by the court, you will need to begin making your mortgage payments and getting caught up. Otherwise, you could be in violation of the agreement and they could foreclose in the future. In other words, we can help you to stay in your home but you do not get it for free.
As a Riverside County bankruptcy attorney, we are happy to answer your questions and to ensure that you are on the path to financial solvency. To get started, call and schedule an appointment.