Bankruptcy Process in Southern California

Bankruptcy can be a highly stressful time. Thankfully, at the Law Offices of R. Grace Rodriguez, we have made the process of filing for bankruptcy as pain-free as possible. Let’s consider each stage.

1. Initial Consultation

The first procedure is to understand your financial situation. During your consultation, we will do this by going through your financial records. During this time, we’ll also explain how bankruptcy will work. If you elect to choose our experienced bankruptcy attorney in Chatsworth, CA, we offer a payment plan, so our services are affordable.

 2. Preparing Your Bankruptcy Case

To file for bankruptcy, you will need to fill out a range of documents. To do this, you’ll need to provide several records. For example, you’ll need to show things like income statements, mortgage information, and bank records. Our team will inform you of the documents that you’ll need to provide, so you’ll have plenty of time to gather everything. 

Once you’ve filled out the bankruptcy information, our legal team will go through each of these documents that will allow us to double-check that everything has been completed correctly. We’ll also require you to sign each document when it’s been completed.

3. Filing Your Bankruptcy Case

Once the documents have been completed, we’ll lodge them with the courts on your behalf. This procedure can be done electronically. Once the case has been submitted, the courts will give more details about the next stage in the process.

4. Meeting of the Creditors

It will be necessary for you to appear at the 341 Meeting of the Creditors, which is where a court-appointed trustee will look over your case and make sure that all the information you’ve presented is correct. Your bankruptcy attorney in Barbara, CA, will be with you, helping you answer all the questions. Typically, this is a relatively simple process, and most creditor meetings will be a reasonably quick process. In most cases, this meeting will only take around five to ten minutes.

5. Debts Are Discharged

Finally, you’ll be able to have your bankruptcy approved, and your debts will be discharged. How long this process will take will depend on the type of bankruptcy that you are filing. If filing a chapter 7 bankruptcy, it will usually take around three to four months. Once the chapter 13 bankruptcy has been approved, your repayment plan will go into effect.

Conclusion

At the Law Offices of R. Grace Rodriguez, we strive to make the bankruptcy process as stress-free as possible. While these steps might look easy, there are several potential pitfalls that you will need to avoid. Our expert bankruptcy attorney in Chatsworth, CA, will be able to help you through, fighting for your legal rights to make sure that you receive the outcome you need. So, if you need help filing for bankruptcy, make sure to get in contact today and schedule your free counseling session.

Strategize with an Attorney Today!