Bankruptcy Attorney in Riverside

The Turoci Bankruptcy Firm has been devotedly assisting its valued clients through bankruptcy since 1993. Todd Turoci founded this company 30 years ago after realizing the need for a competent bankruptcy attorney who focuses solely on this crucial and challenging legal subject in the Riverside area. Every aspect of bankruptcy law is covered by his extensive experience, and he continuously sharpens his knowledge to better assist his clients. Meredith Jury joined our highly qualified staff after more than 20 years of service as a bankruptcy judge. Our firm is armed with Turoci, Jury, and a fantastic group of paraprofessionals to help clients through any civil dispute or financial difficulties. Our amazing paraprofessionals, who we believe to be the greatest in the field, beautifully round out our team.

At our locally operated and locally owned firm, we are fully insured, bonded, and licensed. As fellow Riverside residents, we are able to help our local clients in a unique way and guide you through one of the most stressful and uncertain situations of your life. We have a stellar reputation to uphold, and we do so by showing each individual client just how unique we are compared to other nearby bankruptcy firms. Whether you’d like to meet with one of our lawyers to discuss the best solution for you, you’ve been researching bankruptcy but you’re not sure how to pursue it, or you’re fully ready to dive into the process, it’s time to contact us and schedule a free consultation with a friendly and trusted bankruptcy lawyer at the Turoci Bankruptcy Firm.

What Are the Chapters of Bankruptcy?

Although the term “bankruptcy” is well-known, few people are aware of the many chapters or what they each involve. Each chapter is distinct from the others, though some (such as chapters 7 and 13) are more common than others. Your knowledgeable Riverside bankruptcy attorney is here to assist you in determining which chapter would be ideal for you, but it’s also a good idea to familiarize yourself with the many chapters.

Chapter 9 Bankruptcy

Groups, sometimes referred to as “municipalities,” may file for bankruptcy under Chapter 9 to restructure their debt management. Deadlines are routinely extended with the intention of refinancing or paying off debt. The amounts of principle and/or interest may also be reduced in specific cases. In this kind of bankruptcy, assets are not revoked, and everyone in the impacted town, school district, county, city, or tax district will be allowed to seek joint legal guidance in order to develop a workable strategy for managing debt.

The process of applying for Chapter 9 bankruptcy and overcoming your debt struggle can be a long journey without the help of a seasoned Chapter 9 bankruptcy lawyer. The debt will only be discharged after certain conditions are satisfied, including confirmation of repayment plan and debt management plan confirmation, determination by the court that the securities will legally settle the obligations of the debtors, and receipt and disbursement of the debtors’ deposit by a court-appointed agent. This process requires a number of steps, but if you work with a qualified Chapter 9 bankruptcy attorney from the Turoci Bankruptcy Firm, it can be made easier, more manageable, and less stressful.

Chapter 12 Bankruptcy

A very select subset of business owners may find that filing for Chapter 12 bankruptcy is a viable option. If you oversee a family-run farming or fishing operation, this chapter might be an excellent choice for you. People and families can create a realistic debt repayment plan through Chapter 12 bankruptcy that provides more tolerable payments over a longer period of time. Once you’ve filed for bankruptcy, your debts will be forgiven, creditors won’t be able to contact you, there won’t be any more threats of repossession, and you’ll be given a clean slate. Since this bankruptcy chapter was designed for a very particular kind of business, you should consult with an experienced Chapter 12 bankruptcy lawyer to determine your eligibility.

When you start considering bankruptcy, you may not know where to begin – particularly if you also have a taxing farming or fishing business to run. Your Chapter 12 bankruptcy attorney will handle all the complicated aspects of the process, answer all your questions, help you determine whether or not filing is the best choice for you, and help you through every part of the process to get your financial freedom back.

Chapter 11 Bankruptcy

Chapter 11 bankruptcy might be the best choice for a company (or an individual fulfilling specific requirements) that wishes to avoid liquidation, get an extension on their payment plan, or split payments into more manageable chunks. This kind of bankruptcy enables you to manage your debt in a practical manner while preserving your independence and ability to control your property. You need the assistance of an experienced Chapter 11 bankruptcy lawyer because filing for this type of bankruptcy can be difficult and time-consuming.

Your go-to bankruptcy attorney near you will be on hand to address any of your inquiries regarding Chapter 11 bankruptcy, which differs from all other types. Your obligations will be reorganized so they become more reasonable for you and your business. Although careful planning and debt restructuring appear to be easy and straightforward processes, they are actually highly complex. Getting help from a qualified Chapter 11 bankruptcy attorney is essential, because we will be able to advise you, help you with the process of organizing and gathering information, work you through filing a bankruptcy petition, and guide you through the entire bankruptcy process – which includes meetings with creditors, proposals for reorganization plans, hearings, initiation of payment plans, and finally, getting back to your everyday life.

Chapter 13 Bankruptcy

When you’re facing Chapter 13 bankruptcy, you’ll want to find a certified bankruptcy specialist to be your advocate throughout the process. Additionally, you’ll need a Chapter 13 bankruptcy lawyer who can assist you in preserving as much of your assets as you can so that you don’t fall victim to unscrupulous debt collectors’ traps. Chapter 13 bankruptcy will stop collection calls from creditors, let you pay back bills gradually, stop foreclosure, and let you get rid of burdensome debt so you can finally move forward.

There are numerous actions to be completed if you decide to file for Chapter 13 bankruptcy. From gathering financial information to submitting petitions to appearing in court and beyond, your skilled Chapter 13 bankruptcy attorney will be by your side the entire time. You won’t ever feel swamped by the paperwork and legalese of the bankruptcy process thanks to our welcoming staff and your excellent Riverside bankruptcy lawyer. We sincerely care about you, we will answer all of your questions, and we will provide you with all the help you need along the way.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy allows you to get rid of debt by giving your property or other assets to your creditors. This kind of bankruptcy enables you to completely wipe all your debt clean, regardless of whether you’re having trouble paying your medical bills, utility bills, civil court judgments, rental lease, personal loans, credit cards, or collection agency debt. Declaring bankruptcy may seem like a fantastic option when you are entrenched in debt and you don’t have a great strategy to get out of it. However, it’s essential that you engage with a knowledgeable Chapter 7 bankruptcy attorney who can guide you through the procedure. There are several variables to consider, and some borrowers might be able to choose an alternative method of debt relief instead of pursuing bankruptcy.

The bankruptcy process can easily become tedious. A petition will be presented first. This document contains comprehensive details about all of your debts and assets. Your final bankruptcy discharge should occur three months after the hearing, and a trustee will work during the hearing to protect your assets and negotiate with the creditors. These obligations will be discharged once your bankruptcy is complete, and you won’t be held responsible for any of them anymore. Your Chapter 7 bankruptcy lawyer will be pleased to assist you in determining whether or not Chapter 7 bankruptcy is appropriate for you, go over the pros and cons with you, and support you through the entire process.

For the most reliable and compassionate bankruptcy lawyer near you, call the Turoci Bankruptcy Firm at 951-784-1678.