San Fernando Valley Bankruptcy Lawyer

Common Mistakes Made in Bankruptcy Filings

Filing for bankruptcy, while often a viable and effective solution towards dealing with debt, is not always a simple solution. It is not advised for someone who has never handled debt before to jump in hands first with a bankruptcy, as there are many mistakes that can be made which can affect the ultimate outcome of the filing. At the Law Office of John M. Ribarich, we recognize how confusing this process can be and we are therefore fully dedicated to providing our clients with the supportive guidance that they deserve in even the most complex of situations. Some common bankruptcy mistakes that we see being made include, but are not limited to, the following:

• Transferring credit card debt between cards – While this can keep the sharks at bay for a while, this is not a long-term solution. In fact, it can cause serious complications in your bankruptcy filing. This transfer could be viewed as a cash advance and could be used against you by creditors during the bankruptcy filing process.
• Repaying family members before creditors – Being in debt is not easy to endure. When it is a debt that you owe to a loved one, you might experience more pressure to pay it off first. This, however, can be viewed as what is known as a "preference" and can later be reversed.
• Waiting too long to file for bankruptcy - Due to the severity of the process, bankruptcy should not be something that is entered into lightly. It, however, should also not be something that is procrastinated. The longer that you wait, the longer you submit you and your family to creditor harassment, wage garnishment and similar actions.

Facing bankruptcy in San Fernando Valley? We could help!

If you are currently struggling with debt, it can be easy to feel as if there is no hope. At our firm, we want you to realize that this is not the case. Despite the popular myth that only deadbeats utilize bankruptcy, the truth is that some of the most successful people, both financial and professionally, have turned towards the bankruptcy process along their path to success. Just because you have struggled with finances does not mean that you are without help. Work with a San Fernando Valley bankruptcy attorney from our firm and you will be able to experience the difference that knowledgeable representation can make. We have extensive experience and an in-depth knowledge regarding bankruptcy law. So don't wait! Call us today and learn more about how we can help.

Contact a San Fernando Valley bankruptcy lawyer from our legal team to discuss your case and all of your legal options.