Bankruptcy Attorney in San Bernardino
The Turoci Bankruptcy Firm has been helping our loyal clients go through the bankruptcy process since 1993. 30 years ago when Todd Turoci started this firm, he saw a need in the San Bernardino area for an experienced bankruptcy attorney that focuses solely on this important and complicated legal field. Every aspect of bankruptcy law is covered by his extensive experience, and he is always learning new things and improving his knowledge to better assist his clients. Meredith Jury joined our highly skilled team after working as a bankruptcy judge for more than 20 years. With Turoci, Jury, and a brilliant group of paraprofessionals, our firm knows just how to guide and support clients throughout any civil litigation or financial difficulty. We may be partial, but we think that our incomparable paraprofessionals are the finest in town and that they make a tremendous addition to our team.
Our locally operated, locally owned firm is fully bonded, insured, and licensed. We are in a unique position to aid our neighbors and guide you through one of the most stressful and unpredictable experiences of your life. By demonstrating to every client how unique we are from other bankruptcy firms in the region, we uphold our impeccable reputation. If you want to meet with a helpful lawyer to discuss your many options, if you’ve been researching bankruptcy but aren’t sure how to proceed, or if you’re ready to dive into the process, it’s time to speak with us and set up a free consultation with an informed and skilled bankruptcy lawyer at the Turoci Bankruptcy Firm.
What Are the Chapters of Bankruptcy?
Many people don’t know that there are multiple distinct bankruptcy chapters, despite the fact that everyone has heard of bankruptcy. Each chapter is distinct from the others in its own specific ways, and some are more frequently filed than others – for instance, chapters 7 and 13 are the two most common. Your experienced San Bernardino bankruptcy attorney is here to help when it comes to figuring out the chapter that would work best for you, but it’s still a good idea to familiarize yourself with each chapter so you’ll have a head start.
Chapter 13 Bankruptcy
If you’re considering filing for Chapter 13 bankruptcy, your first step should be to find a certified bankruptcy specialist to help you along the way. You will also require a Chapter 13 bankruptcy lawyer who will advocate for you and your assets rather than allowing you to be taken advantage of by debt collectors. Chapter 13 bankruptcy helps you avoid foreclosure, encourages gradual debt payments, stops creditor harassment, and eventually discharges your debt so you can finally move forward.
There are many steps involved in pursuing Chapter 13 bankruptcy. From financial data collection to application submission to court appearances and far beyond, your trusted Chapter 13 bankruptcy attorney will be there for you. We won’t allow you to become bogged down by the legalese and paperwork involved in bankruptcy, because your skilled San Bernardino bankruptcy lawyer and our friendly staff will answer all your questions and provide you with all the support you need. We are genuinely here to help, so we won’t leave you feeling hopeless, confused, or stressed.
Chapter 9 Bankruptcy
A large group of people, or “municipality,” attempts to reorganize the management of their debts through a Chapter 9 bankruptcy. The majority of the time, deadlines are extended to allow for debt refinancing or repayment. In some circumstances, the principal amount or the interest rate may also be decreased. In a Chapter 9 bankruptcy, assets aren’t liquidated and everyone in the affected tax district, town, county, school district, or city has access to legal assistance to help them manage their debts.
Filing a Chapter 9 bankruptcy application and getting the relief you need can be a lengthy process unless you have help from an excellent Chapter 9 bankruptcy lawyer. Debt can only be eliminated after specific terms are met, such as repayment and debt management plan confirmations, official confirmation from the court that the securities will resolve your debt obligations legally, and receipt and disbursement of the deposit by an agent appointed by the court. When your dependable Chapter 9 bankruptcy attorney from the Turoci Bankruptcy Firm joins the cause, this multi-step operation can be made easy, manageable, and straightforward.
Chapter 12 Bankruptcy
Chapter 12 bankruptcy is designed for a very specific type of business owner. If you run a family farming or fishing business, this chapter could be a viable option for you. Families and individuals can create a solid plan under Chapter 12 bankruptcy that consolidates debt over a longer time frame with reasonable payments. After bankruptcy is officially declared, creditors won’t contact you anymore, there won’t be any more threats of repossession, your debts will be forgiven, and you’ll be able to start fresh. Because only a very tiny proportion of business owners are eligible, an experienced Chapter 12 bankruptcy lawyer can assist you in determining whether or not would qualify.
When you decide to look into bankruptcy, it can be tough to figure out where to start – especially if you’re also running a demanding fishing or farming business. Your Chapter 12 bankruptcy attorney will take care of all the challenging components of the process, respond to all of your inquiries, assist you in deciding whether filing is the best course of action for you, and guide you every step of the way so that you can regain financial independence.
Chapter 7 Bankruptcy
When you petition for Chapter 7 bankruptcy, debt is forgiven, and assets or property may occasionally be utilized to satisfy creditors. Your debt will be completely canceled, whether it was incurred as a result of collection agencies, personal loans, utility bills, civil court judgments, rental leases, credit cards, or medical expenses (although some types of debt cannot be relieved). If your debt is a burden and you need to come up with a plan, declaring bankruptcy could seem like the best solution. However, it’s essential to have an experienced Chapter 7 bankruptcy attorney on your side to support you at every step. Very particular details must be carefully taken into account, and some borrowers might even be able to pursue an alternative debt relief route instead of filing for bankruptcy.
The process of applying for bankruptcy can be overwhelming. The first step is filing a petition. The petition will go into great detail about all of your assets and liabilities. Debt discharge should occur within three months of the court hearing with your creditors, during which a trustee will bargain with the creditors and work to protect your assets. Your personal liability will be eliminated after your bankruptcy is completed, and all of your prior debts will be discharged. Your Chapter 7 bankruptcy lawyer will be pleased to walk you through each stage of the process, go over all the benefits and downsides with you, and help you decide whether or not filing for Chapter 7 bankruptcy is the best option for you.
Chapter 11 Bankruptcy
When a business (or an individual meeting certain criteria) wants to avoid liquidation and obtain an extension on their payment plan or divide payments into more manageable portions, Chapter 11 bankruptcy might be the best option. This kind of bankruptcy enables you to manage your debt in a practical manner while preserving your independence and ability to control your property. Finding an experienced Chapter 11 bankruptcy lawyer is crucial since this type of bankruptcy requires a lot of time, effort, and understanding of complicated legal terms.
The most reputable bankruptcy attorney near you is here to outline all of the key differences between Chapter 11 bankruptcy and other chapters. This type of bankruptcy will reorganize your debts to make them more manageable for you and your business. Although careful planning and debt restructuring appear to be easy and straightforward processes, they are actually highly complex. It is crucial to seek advice from a Chapter 11 bankruptcy attorney because we can guide you through all the other steps of bankruptcy, such as creditor meetings, reorganization plan proposals, hearings, payment plan initiation, and finally, returning your business to regular day-to-day operations. We can also advise you, assist you in gathering and organizing information, work with you to file a petition, and walk you through all of these steps.
For the most reliable and compassionate bankruptcy lawyer near you, call the Turoci Bankruptcy Firm at 951-784-1678.