Orange County Bankruptcy Lawyer

Bankruptcy Lawyer’s should continue to stay busy , and the need for a exceedingly qualified bankruptcy Lawyer is growing, says bankruptcy lawyer James D. Zhou. Zhou is partner at the bankruptcy law firm Zhou & Chini, who focuses on chapter 7, chapter, 13 and chapter 11 business bankruptcies in Orange, Riverside, San Bernardino, San Diego and Los Angeles counties over the past 10 years. “We have seen the need for a qualified bankruptcy Lawyers grow as bankruptcy is more complicated since the change of the bankruptcy laws in 2005” says Zhou.

“I think we will continue to see an increase in filings with the rate of foreclosures in Southern California,” he said. “Bankruptcy is a trailing indicator, so the need for a bankruptcy Lawyer will continue to grow even when the economy rebounds. The bankruptcy Lawyers at Zhou & Chini are able to increase their volume of bankruptcy filing and still meet with every client personally. We file every bankruptcy request ourselves thanks to the purchase of the revolutionary IMS Bankruptcy software package technology, say’s partner at the bankruptcy law firm Ron Chini. A bankruptcy Lawyer needs to remain focused, efficient and profitable in helping consumers decide if a chapter 7 or chapter 13 is right for them. At Zhou & Chini the bankruptcy lawyers strain to deliver a low cost to file bankruptcy while still having the lawyers, not the paralegals do the bankruptcy filing and client consultations. Filing bankruptcy chapter 7 or chapter 13 is broadly speaking the last option for most consumers trying to avoid foreclosure, judgments, wage garnishments or liens. even so, the advantages of filing bankruptcy with a good bankruptcy lawyer and eliminating unsecured credit card debt, medical bills, and 2nd mortgage liens is significant when someone is working towards a fresh start. Making mistakes when it comes to filing bankruptcy chapter 7 or chapter 13 can be very high-priced so carefully select a bankruptcy Lawyer.

Orange County Bankruptcy Lawyer

“Many Orange County residents are facing foreclosure and have suffered with a significant loss of income and just can’t repay their debts”. Zhou goes on to say, “bankruptcy is not something to be ashamed of, for many it’s a smart choice and the first step to a fresh start”. The bottom line is Orange County has been hit hard just like most of California and will probably continue to increase just like foreclosures and unemployment.

Lawyers who specialize in bankruptcies will continue to be busy, said Ron Chini, partner at Zhou & Chini who personally interviews all his clients before filing for bankruptcy. “I focus on helping homeowners avoid foreclosure and eliminating debt while my partner takes on chapter 11 business bankruptcy reorganizations. While many Californians have tried workouts with their mortgage lenders, for the most part loan modifications are not coming quick enough and 2^nd lien holders are now going after borrowers who have defaulted mortgages. Additionally, credit card defaults are at an all time high and debt settlement companies are coming out of the wood work to prey on consumers. Bankruptcy Lawyers who focus on eliminating unsecured debt such as credit cards or medical bills with chapter 7 are held to a much higher standard, and far better choice than a debt settlement company. As for Orange County business owners, the economic downturn was so severe that many companies were wiped out before they could even get to a bankruptcy Lawyer, Chini added. “Typically, we can help them through the troubled times, and they are able to survive and get their affairs back on track”. If you are considering bankruptcy to stop foreclosure, repossession, eliminate debt or a deficiency judgment from repossession a Orange County bankruptcy lawyer who handles these matters daily is your best option for bankruptcy information. Bankruptcy laws can be confusing; with the income level of many Orange County residents the means test will help determine if they can file chapter 7 or chapter 13. It’s important to work with a bankruptcy Lawyer who understands how to work the numbers to help you get the best results. “There are now bankruptcy mills opening up where the Lawyer is never even involved other than filing under his name” says Lawyer James Zhou. This could have a devastating effect to the client if the bankruptcy petition is not filed properly.That why we meet confidentially with every client and personally do the bankruptcy filings. Making mistakes when it comes to filing bankruptcy can be very costly, and we don’t take any chances when it comes to our clients.

Filing bankruptcy without a Orange County bankruptcy Lawyer is only recommended if you have a simple Chapter 7 bankruptcy filing. Most consumers who just need to eliminate credit card debt or unpaid medical bills should be fine without a bankruptcy Lawyer. The first thing that the filer needs to make certain of is that he or she falls well within the means test and can qualify for a Chapter 7. If so, the next step should be to check your state’s bankruptcy exemption to protect your assets from the bankruptcy trustee. Once that is done, properly filing out your bankruptcy petition and attending credit counseling classes before your 341 creditors meeting is the final Chapter in filing a Chapter 7 bankruptcy without a bankruptcy Lawyer.

Bankruptcy Mistakes

It’s easy to make mistakes when filing bankruptcy if you’ve never filed before, some mistakes may incriminate you. Bankruptcy is a federal law also governed by state bankruptcy exemptions and there are laws protecting creditors and debtors alike. Property title transfers as well as things like large credit purchases within time periods of your filing are regulated and may need to be seasoned to be discharged when you file bankruptcy. Many times filers make mistakes when not using a bankruptcy Lawyer and get their bankruptcy dismissed or in trouble with the bankruptcy trustee. Some mistakes are seen as fraudulent and could actually end you up in federal prison if you’re not careful.

Bankruptcy Myths

Many people think when you file bankruptcy you lose everything you have, including your home and cars. Although some filers may have or want to surrender their home and cars nothing could be further from the truth if you file properly and meet the criteria. If you file a Chapter 7 you should be current on all your unsecured debt in order to protect it. If you are delinquent you on your mortgage payments and file Chapter 7 you will need to bring your payments current in order to keep your home. If you are in the middle of a loan modification this could be very tricky without an Lawyer on your side. A lawyer can continue to negotiate a loan modification or short sale while in bankruptcy if they stipulate that to the court.

Hiring a  Orange County Bankruptcy Lawyer

Hiring a Orange County bankruptcy lawyer to file bankruptcy is a good idea if you can afford one. Depending on the type of bankruptcy you’re filing and the county you’re located in will determine the cost of a Lawyer. Typically, you can file bankruptcy these days from anywhere between $1,200 to $4,000 in California. If you call around most Lawyer offer free consultations and will qualify you and discuss their prices for filing bankruptcy over the phone. Probably the best place to look is online to find a local Lawyer that specializes in filing bankruptcy. Be careful and stay away from newbie Lawyers and bankruptcy mills and try and stick with a bankruptcy attorney with over 5 years of bankruptcy filing.