Chino Bankruptcy Lawyer Answers Your Questions About Debt
Bankruptcy is a very serious matter that requires the skill and experience of an attorney who has spent years in this area of law. At the Law Offices of David R. Gunnin, we understand the difficulties associated with financial hardship as well as the issues surrounding bankruptcy. If you choose to work with us, then you can be sure that we will work with you from start to finish of your case. Refer to the following information to obtain some basic answers to your questions:
What is the means test?
If you are filing for bankruptcy, then you will need to take the means test in order to determine if you are able to file for Chapter 7 liquidation bankruptcy. The test involves comparing your annual income with the state annual median income, and if your income is lower, then you will be ineligible to file for Chapter 7.
Will I ever be able to receive credit if I file for bankruptcy?
One of the most common myths about bankruptcy is that you won't; however, this is completely untrue. Creditors are often very willing to extend credit to you relatively quickly as you have just discharged your debts, and you will be unable to discharge further debt for several more years.
Is it true that I will lose my house?
No. There are several options that you have for bankruptcy, and it is important to know that there may be simple ways for you to save your home even if you are facing foreclosure. Our firm can discuss these options with you.
Can I file even if I still have a job?
Yes. Bankruptcy is an option that is provided for relief, and there are serious hardships that people experience because they do not make enough, not because they have no income at all. Our firm can work with you to evaluate the best option for you and to pursue the results that you need.
Representing Chino, California Residents
There are many other questions that you may have regarding your situation, and it is important that you have these questions answered for your peace of mind and to enable you to pursue the most effective solution to your case. We have the experience you need, and we can put our 33 years of experience to work for you in the situation that you face. Contact us today!