Chapter 13 Bankruptcy

August 8th, 2010 Posted in Uncategorized

Bankruptcy filings pulled ahead for the calendar month and Options(2)’>quarter throughout the U.S. Bankruptcy Court’s Central District, covering seven Southern California counties from San Luis Obispo County to the border of Arizona. In March alone, 1,708 Orange County consumers and businesses filed for bankruptcy protection, an increase of 47.7% from a year earlier and 30% higher than in February. Los Angeles bankruptcy filings totaled 5,190, up 75%; and Riverside/San Bernardino counties recorded 4,078 in March 2010, an increase of over 55%. If you think those totals are scary, just this past week there were 1,000 bankruptcy filings in Riverside in just one day!  Unfortunately, lawyers operating bankruptcy “mills” are popping up, like they did with loan mod’s, trying to become a bankruptcy lawyer overnight and completely failing. Not only are bankruptcy filings on the rise but so is the number of dismissals due to mistakes when filing for bankruptcy. A bankruptcy attorney has a fiduciary duty to meet with his clients.

 Bankruptcy attorney’s should continue to stay busy , and the need for a extremely certified bankruptcy attorney 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 attorneys 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 attorney will continue to grow even when the economy rebounds. The bankruptcy attorneys 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 system technology, say’s partner at the bankruptcy law firm Ron Chini. A bankruptcy attorney needs to stay focused, efficient and fruitful in helping consumers decide if a chapter 7 or chapter 13 is right for them. At Zhou & Chini the bankruptcy lawyers attempt 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 in general 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 unguaranteed credit card debt, medical bills, and 2nd mortgage liens is significant when someone is working towards a refreshing start. Making mistakes when it comes to filing bankruptcy chapter 7 or chapter 13 can be very pricey so with kid gloves select a bankruptcy attorney. To get bankruptcy help or locate a bankruptcy attorney in California visit www.BankruptcyAttorneyinCalifornia.com.

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