
Bankruptcy filings increased for the month and quarter throughout the U.S. Bankruptcy Court’s Central District, covering seven Southern California counties from San Luis Obispo to the Arizona border. In March alone, 1,708 Orange County consumers and businesses filed for bankruptcy protection, an increase of 47.7% from a year earlier and 30% higher than in February. Los Angeles bankruptcy filings totaled 5,190, up 75% and Riverside/San Bernardino counties recorded 4,078 in March 2010, an increase of over 55%. If you think those numbers are alarming, just this past week there were 1,000 bankruptcy filings in Riverside in just one day! Unfortunately, attorneys operating bankruptcy mills are coming out of the woodwork like they did with loan modifications trying to become a bankruptcy attorney overnight and failing miserably. Not only is bankruptcy filing on the increase but so is the number of dismissals due to mistakes when filing for bankruptcy. A bankruptcy lawyer has a fiduciary duty to meet his clients.
Lawyers who specialize in bankruptcies should continue to stay busy, and the need for a highly qualified bankruptcy attorney is growing, says bankruptcy lawyer James D. Zhou. Zhou is partner at the bankruptcy law firm Zhou & Chini, who focuses on chapter 7, chapter, 13 and chapter 11 business bankruptcies in Orange, Riverside, San Bernardino, San Diego and Los Angeles counties over the past 10 years. “We have seen the need for a qualified bankruptcy attorneys grow as bankruptcy is more complicated since the change of the bankruptcy laws in 2005” says Zhou.
“I think we will continue to see an increase in filings with the rate of foreclosures in Southern California,” he said. “Bankruptcy is a trailing indicator, so the need for a bankruptcy attorney will continue to grow even when the economy rebounds. The bankruptcy attorneys at Zhou & Chini are able to increase their volume of bankruptcy filing and still meet with every client personally. We file every bankruptcy petition ourselves thanks to the purchase of the revolutionary IMS Bankruptcy software technology, say’s partner at the bankruptcy law firm Ron Chini. A bankruptcy attorney needs to remain focused, efficient and profitable in helping consumers decide if a chapter 7 or chapter 13 is right for them. At Zhou & Chini the bankruptcy lawyers strive to deliver a low cost to file bankruptcy while still having the lawyers, not the paralegals do the bankruptcy filing and client consultations. Filing bankruptcy chapter 7 or chapter 13 is generally the last option for most consumers trying to avoid foreclosure, judgments, wage garnishments or liens. However, the advantages of filing bankruptcy with a good bankruptcy lawyer and eliminating unsecured credit card debt, medical bills, and 2nd mortgage liens is significant when someone is working towards a fresh start. Making mistakes when it comes to filing bankruptcy chapter 7 or chapter 13 can be very costly so carefully select a bankruptcy attorney. To get bankruptcy help or locate a bankruptcy attorney in California visit www.BankruptcyAttorneyinCalifornia.com.
The Bankruptcy Attorneys at the Law Offices of Zhou & Chini offer free bankruptcy information in an effort to help consumers who need debt relief or help avoiding foreclosure. If you have additional bankruptcy questions or need information about filing bankruptcy in California please contact our cooperate office at (888) 901.3440 or visit www.BankruptcyAttorneyinCalifornia.com. Our Bankruptcy Attorneys will be happy to offer you a FREE consultation over the phone or at one of our convenient locations. We are California bankruptcy attorneys with full knowledge of Federal and California State Bankruptcy Exemptions. Our Bankruptcy Attorneys can help protect your assets under Federal Bankruptcy Laws and can assist you with all aspects of your case. We are happy to answer questions about filing a chapter 7, chapter 13, chapter 12, chapter 20, or chapter 11 business bankruptcies. We can help with stopping /avoiding foreclosure or wage garnishments, and assist you in avoiding judgments, liens or levies. We can also help with mortgage cram downs, lien stripping, eliminating a 2nd mortgage and discharging debt. Please feel free to complete our free bankruptcy evaluation form or contact one of our office locations today. We are here to help and can quickly determine if you are a qualified candidate for bankruptcy.
