A trustee in bankruptcy is an independent contractor. If you hire a bankruptcy attorney office in Irvine, that office can’t be appointed as a trustee. A trustee is an extension of the bankruptcy court. Their primary duty is to evaluate your assets and take over the control of your assets.
It’s also possible that a trustee can deny bankruptcy. They can oppose a discharge after assessing the debtor’s assets. If they feel that the debtor has not been honest about their obligations, then the trustee can deny bankruptcy.
A bankruptcy trustee can have powers to prevent you from transferring your assets or interests.
Truly, the bankruptcy system is a complicated one. If you don’t know what you’re doing, you might end up losing all your assets. You can avoid that by hiring a bankruptcy attorney.
Bankruptcy Attorney Office in Irvine to Give You Debt Relief
Although filing for bankruptcy is a good option in most cases, it’s not the best option for everyone. When you work with our attorney, you will know what the other options are and prevent yourself from facing a trustee who might oppose a discharge.
With a bankruptcy lawyer, you can choose the best option for your case so you get a fresh start. It is a difficult decision. But, when you work with a bankruptcy lawyer, the entire process will be smoother.
The first thing that you must do before you choose this option is to assess your situation. Karine Karadjian can help you to look at all of your options, to determine if there’s a better way to move forward than filing for bankruptcy.
That’s why you need to have an inventory of your liquid assets. You should include all your stocks, retirement funds, vehicles, bonds, and other assets. If your assets’ value is less than the amount you owe, then filing for bankruptcy is the best option to help you get out of this financial problem.
But, that said, you should not approach it casually. Keep in mind that it is not a cure-all for your debt. Then, you need to choose what way to file bankruptcy. Since every way is different, you must have a lawyer to help you out. In that way, you can figure out the best approach to face this situation.
It is scary to file for bankruptcy. But, it is even scarier if you do it alone. For that reason, you need to work with an expert lawyer who will not only help you get out of debt but can also assist you in finding the best bankruptcy option.
The government implemented bankruptcy laws to protect you and your creditors. If you have mountains of debt, then it is time to face the financial facts. The unpaid bills and the call from your creditors won’t stop on their own.
With help from a bankruptcy attorney office in Irvine, filing bankruptcy could help you get a fresh start sooner rather than later. You may be throwing in the towel. However, it might just be the thing that you need to get a fresh start. Consult our team today: (818) 918-9660