If you go on the internet these days you will find a growing number of bankruptcy attorneys advertising their services. Bankruptcy filing in California is increasing at a record pace due to ongoing financial struggles consumers are facing due to job losses and toxic home loans. While many Californians consider filing bankruptcy, the need for a good bankruptcy lawyer is growing. So how do you choose a good bankruptcy attorney? You shop around if you have the time to find the right one. Most bankruptcy attorney serves the entire state of California with a primary focus in Orange County, Los Angeles, San Diego, Riverside and San Bernardino counties. "We carefully consider our client's financial situation and adjust our fees the best we can to accommodate them", says James D. Zhou, who has been practicing bankruptcy for over 10 years. Based on the complexity of the case a bankruptcy attorney might charge anywhere from $1200.00 to $4,500. Most bankruptcy attorneys in Southern California charge around $2,500.00, not including filing fees for a chapter 7 and $4,000 for a chapter 13. A business bankruptcy chapter 11 could run as much as $25,000 depending on the size and nature of the business. Bankruptcy attorneys focus on helping consumers meet their goals with a low cost bankruptcy filing whether they're filing chapter 7 or chapter 13 bankruptcies. A good bankruptcy attorney will always offer a face to face free consultation. With a small deposit a bankruptcy attorney will contact your creditors and stop the harassing collection calls while planning the bankruptcy filing. To determine whether you are a good candidate for bankruptcy chapter 7, chapter 13 or chapter 11 you should contact a bankruptcy attorney. With Los Angeles County bankruptcy filings up by 75% in March, the likelihood that an individual's bankruptcy filing could be handled by a paralegal or other non-attorney at a busy firm is quite high. In fact, it's often the case that clients never have direct contact with their attorney. Our bankruptcy attorneys speak to each client throughout the bankruptcy process. As opposed to how others may feel, bankruptcy attorneys know that to get the best outcome for each client they represent, regular attorney-client communication is an absolute necessity. Foreclosure is the legal process by which a lender reclaims a home or property to recoup the outstanding balance on a mortgage or loan. The property is sold, usually at auction, and the proceeds of the sale are used to settle the debt. The foreclosure process differs from state to state, and can happen as quickly as 30 days from the time that a notice is received. In some cases, the lender can also come after the person for the remainder of the loan if the sale price doesn't satisfy the debt. There are actions that you can take in order to stop a foreclosure with the help of a California bankruptcy attorney: You can negotiate a loan modification with the lender. This can allow you to keep your home and make the payments on the debt more manageable. Many programs have been created to help homeowners stay in their homes due to the current mortgage crisis. The U.S. Department of Housing and Urban Development provides information on the government's programs to help homeowners negotiate a mortgage modification. An attorney can help with negotiate with a lender to obtain a loan modification. Fees associated with the negotiation process may limit the benefits of the modification received. You can also stop foreclosure process by filing bankruptcy. By filing a Chapter 13 bankruptcy case you can catch up on back payments on your home through the payment plan worked out with the bankruptcy trustee. You must continue to make timely payments on your home during the bankruptcy case, or the lender petition the court to proceed with the foreclosure sale.
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