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California Bankruptcy Attorney Blog

California bankruptcy news and tips moderated by California bankruptcy attorney, Michael Shemtoub
Tags >> Riverside Bankruptcy Attorney

From 2008 to 2009, the number of people declaring bankruptcy increased 31%. People like Brian Winter, a tax preparer in Riverside, CA, see first-hand how everyday people – people who have decent jobs (or had decent jobs) – are simply overwhelmed this year by debts and taxes. Many of his clients, says Winter, will be forced into bankruptcy.
It should not be surprising, then, that in Riverside, CA, a county of country clubs and mansions, foreclosures jumped 35% in 2009, and more people than ever found themselves searching for a California bankruptcy attorney.

A Riverside Bankruptcy Attorney Can Help

If you are considering the possibility of bankruptcy, a Riverside bankruptcy attorney can help. Just like any other bankruptcy attorney in California, each Riverside bankruptcy attorney is working with clients they never expected to see: not poor people, and not wealthy people who blew their fortunes on material excesses, but middle class people experiencing long-term unemployment due to the “Great Recession”. As every California bankruptcy lawyer from across the state can tell you, it is the middle class who are being hardest hit by the economic slump.

Instead of seeing bankruptcy as a failure, see it as a new beginning. Seek the advice of a Riverside bankruptcy attorney and see if you are eligible to file for bankruptcy.

A Riverside bankruptcy attorney can help you decide which type of bankruptcy is right for you. If your income level is below the median level of the state of California, there's a good chance you'll qualify for Chapter 7 bankruptcy, the bankruptcy in which almost all of your debts will be completely discharged. With most debts discharged, your Riverside bankruptcy attorney can help you start over with a clean slate.

However, as the average bankruptcy lawyer in California knows, qualifying for Chapter 7 isn't as easy as it used to be. Courts are under pressure from the government to make sure not just anyone can qualify for a Chapter 7 bankruptcy; they want more people to file under Chapter 13, in which the courts and your Riverside bankruptcy attorney work out an arrangement for you to repay at least part of your debt.

Bankruptcy Represents a New Beginning

If you're facing bankruptcy, you shouldn't feel as if you've failed. Many people just like you, who never thought they would ever have to even utter the word “bankruptcy”, are finding themselves seeking out a good Riverside bankruptcy attorney. Instead of seeing bankruptcy as a failure, see it as a new beginning.
Just remember: many of America's most famous entrepreneurs, from P. T. Barnum to Henry Ford, declared bankruptcy at one point or another in their career. Some of the nation's most famous and historically important mavericks even declared bankruptcy twice! If these Americans could file for bankruptcy and live to tell the tale, then so can you. Contact a Riverside bankruptcy attorney today to set up a consultation.

Call (877) 427-2752 to talk to a bankruptcy lawyer in California and get more information about bankruptcy laws and eligibility requirements.

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Michael Shemtoub, California bankruptcy attorney, specializes in chapter 7 bankruptcy in California and chapter 13 bankruptcy in California
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