Best Bankruptcy Lawyers West Covina, CA

West Covina, CA Bankruptcy FAQs

• Where do I file for bankruptcy in West Covina, California?

  You would need to go through the United States Bankruptcy Court for the Central District of California to file for bankruptcy in West Covina. This court has several divisions, and West Covina falls within the jurisdiction of the Riverside Division located at 3420 Twelfth Street, Riverside, CA 92501.

• Where can I get bankruptcy forms in West Covina, California?

  To obtain bankruptcy forms in West Covina, you can visit the official website of the United States Bankruptcy Court for the Central District of California at www.cacb.uscourts.gov/forms to access the forms you need. The website provides a variety of bankruptcy forms that you can download and print.

• How can bankruptcy attorneys help West Covina residents navigate the bankruptcy process?

  Bankruptcy lawyers assist West Covina debtors in determining their eligibility for bankruptcy and guide them toward the most favorable choices available. They prepare and submit necessary legal documents and address inquiries throughout the proceedings. In cases where creditors challenge the bankruptcy or engage in prohibited collection actions, bankruptcy attorneys may additionally file motions or paperwork to safeguard the client's rights and halt such actions.

• Can bankruptcy prevent home foreclosure and seizure actions even if a sheriff’s sale has already been set in West Covina?

  Yes. In almost all cases, automatic stay protection is immediately imposed once a debtor from West Covina initiates the process of bankruptcy by filing. To avoid home foreclosure, the debtor will be obligated to continue making monthly mortgage payments following the filing. On the other hand, chapter 13 bankruptcy often presents the most effective remedy for preserving automobiles or trucks.

• Can West Covina debtors lose their jobs if they file for bankruptcy?

  No. The Federal Bankruptcy Code prohibits employers from terminating the employment of or engaging in discriminatory practices against West Covina employees based on their status as a debtor. In dire situations where employees face the unfortunate event of job loss, the court permits certain wage payments to be made throughout the bankruptcy proceedings. It is a misconception that a debtor will lose everything they have when they file for bankruptcy.

• Can West Covina businesses file for chapter 7 bankruptcy?

  Yes. West Covina businesses have the option to seek bankruptcy protection through chapter 7. In such cases, the business is required to cease all operations unless explicitly authorized to continue by the appointed trustee. The trustee promptly assumes the responsibility of assessing the business's financial transactions. The trustee then proceeds to sell the business's assets. The first priority for disbursement is to cover administrative and legal expenses, followed by payments to creditors.

• Do West Covina residents have to disclose all of their assets and property when they file for bankruptcy?

  Yes, under bankruptcy law, West Covina residents are obligated to provide complete and comprehensive disclosure of all their assets. In fact, any failure to accurately list all assets or any attempt to transfer them to a third party with the intention of concealing them is considered a felony offense.