Covina Bankruptcy Attorney Castillo & Peralta, LLP
We focus on our clients. Each have their own unique circumstances and we dive deep into each ones situation to provide the best possible service. When it comes to Tax and Bankruptcy services in Covina, look no further. We provide the best service – period.
Bankruptcy or Reorganization?
Often in the news and social media we hear about individuals and companies filing for bankruptcy. The negative stigma that is often created by media pertaining to bankruptcy often creates unreasonable fear in people. The questions we often hear is “Am I going to lose everything I own?” “Am I going to go to Jail for filing for bankruptcy?” “Are they going to fire me from my work for filing for bankruptcy?” “Am I going to be thrown out of my apartment for filing for bankruptcy?” The answer to these and many other questions is in most situations “no.”
Chapter 7 Bankruptcy is a sort of a “do over.” However, the U.S. Bankruptcy Code (under other chapters) can do so much more than that. Did you know, for instance, that through a bankruptcy you could save your home, get rid of certain business debts (and still keep operating the business), get rid of some outstanding income and certain taxes, get rid of a second (or 3rd) mortgage, remove judgment liens from your property, and even pay back your mortgage arrears through the Covina Bankruptcy Case? These are only a few of the examples of what the Bankruptcy Code can do for those in need of help from the overwhelming burdens of debt. There are different types of bankruptcies under the U.S Bankruptcy Code. The types of bankruptcies for personal consumers are those filed under Chapter 7 and 13. For individuals over a certain debt limit and businesses Chapter 11 is the preferred code.
What chapter to file depends on your financial situation, your needs, circumstances and issues involved? For example, if you are a regular wage earner and have overwhelming medical bills and credit card debt, if qualified, Chapter 7 might be the best choice for you. If you need to catch up on the arrears on your home, if qualified, Chapter 13 would be a better choice for you. If you need to restructure your business debt, then perhaps a reorganization under Chapter 11 is appropriate.
Our attorneys can thoroughly review your particular situation and suggest the best course of action. Financial stability and freedom is not that far away. Sometimes it just takes a brief meeting to discuss your situation and assess your needs. From there the skilled assistance of an experienced Covina Bankruptcy Attorney from Castillo & Peralta Covina Estate and Bankruptcy Law can determine the appropriate course of action under the Bankruptcy Code for you or your business. The Attorneys at Castillo & Peralta Covina Estate and Bankruptcy Law have helped thousands of people get through bankruptcy or reorganize their financial situation for the better. We can do it for you too!
Estate Planning/Planning For The Future
What is the future? It is the next generation, the generation after that and so on. We care about our future and want to make sure that whoever comes after us is provided for. The question then becomes, “What can I do to provide for my heirs?” (i.e. children, grandchildren, nieces, nephews, friends, my favorite charity, the cause I am so passionate about?) What is right for me? How do I go about it? Do I need a trust? Is a will sufficient? Who will care for me if I am no longer able to care for myself? All of these questions are what millions of Americans begin to encounter when they begin to plan for the future; for the future of their children, for the future of their elderly years. Our attorneys can answer those and many other questions for you. If you’re considering your financial legacy and have substantial amount in liquid assets, such as cash or money in bank accounts, assets that can be easily converted to cash or real estate, or if you need your special needs child or you are a disabled or elderly person who is considering qualifying for public benefits we are here for you. Each situation is different and we approach it as such.
What if you are on the other side of the equation, the future is now, and you are dealing with a dispute over assets of the loved one that passed, or your loved one did not leave any instructions as to how to distribute the assets, or your loved one only drafted a will. What is next? How do you go about honoring the wishes of your loved one? To resolve these and many other issues that may arise after our loved one passes a probate action might need to be initiated. A probate action is a legal action that has to be filed with the Superior Court where your loved one resided or owned real property. And like in any other legal action which is filed with the court, a judge will be the one who will ultimately make the final decision pertaining to the assets of your loved one and how they will be distributed. As with any other legal action, a probate action is very rule and procedure driven and should be handled with knowledge. Our experienced attorneys have substantial experience in handling these actions. We review each matter with the utmost discretion and sensitivity, and will guide you through your probate case.
Call us at our Covina Office for a free consultation with one of our Covina Bankruptcy Attorneys.
145 E Rowland St Ste A