Best Bankruptcy Lawyers Concord, CA

Concord, CA Bankruptcy FAQs

• Where do I file for bankruptcy in Concord, California?

  For filing bankruptcy in Concord, you must submit the accomplished bankruptcy forms at the United States Bankruptcy Court, Northern District of California Contra Costa Clinic located at 2300 Clayton Road, Suite 520 Concord, CA 94520.

• Where can I get bankruptcy forms in Concord, California?

  The local bankruptcy forms used in Concord, California, can be found at https://www.canb.uscourts.gov/forms/district. As for the national forms, you may download a copy at https://www.uscourts.gov/forms/bankruptcy-forms#official.

• Will a court hearing take place if I file for bankruptcy in Concord?

  Yes, if you file for bankruptcy in Concord, you must show up for a 341 hearing. You will be questioned under oath about your possessions, debts, income, and transfers by the trustee or the judge. Additionally, you might face questions from creditors about the circumstances surrounding how you came to be in debt. They might even argue that your debts shouldn't be discharged because you committed fraud.

• Will you lose all of your possessions when you file for bankruptcy in Concord?

  No, the laws governing bankruptcy under chapters 7 and 13 have exemptions that allow you to keep some or all of your possessions. In Concord, as long as the asset complies with your exemptions, you may also keep any property that has been used as collateral for a loan by continuing to make your monthly debt payments.

• When declaring chapter 13 bankruptcy in Concord, is it possible to keep your house?

  Yes, regardless of whether you are behind on your mortgage payments or have equity in your Concord home that exceeds the exemption amount, you are still allowed to keep your home when filing for chapter 13 bankruptcy. Your missed payments will be included in the court-ordered repayment plan if you are late with payments, preventing the lender from foreclosing.

• Will declaring bankruptcy in Concord permanently harm your credit score?

  Although declaring bankruptcy in Concord will lower your credit scores temporarily, doing so may benefit you in the long run. Shortly after filing for bankruptcy, people typically notice an improvement in their credit scores. Within a few months of filing bankruptcy, you might even be qualified for some auto loans.

• Can legal action in Concord be stopped by filing for bankruptcy?

  Yes, it can. The automatic stay is a bankruptcy provision that immediately stops all collection efforts in most lawsuits, including creditor phone calls, wage garnishments, foreclosures, and repossessions. Once your bankruptcy case in Concord is concluded, this protection usually becomes permanent on the associated debts and lasts for the duration of your case.