Aug 092012

Corona, CA (PRWEB) August 09, 2012

If a persons home is in the process of foreclosure the lender reclaims a home by legal process to recoup the outstanding balance on a mortgage or loan. The property is sold, usually at auction, and the proceeds of the sale are used to settle the debt. The foreclosure process differs from state to state, and can happen as quickly as 30 days from the time that a notice is received. In some cases, the lender can also come after the person for the remainder of the loan if the sale price doesnt satisfy the debt. There are actions that a homeowner can take in order to stop a foreclosure with the help of an Corona bankruptcy attorney. The law offices of Zhou and Chini one of Orange Countys better known bankruptcy firms, is putting forth a internet marketing campaign to try to save homes for Southern California residents. To learn more about a filing for chapter 13 bankruptcy in Corona visit

The homeowner can also try to negotiate a loan modification with the lender. This can allow the property owner to keep your home and make the payments on the debt more manageable. Many programs have been created to help homeowners stay in their homes due to the current mortgage crisis. The U.S. Department of Housing and Urban Development provides information on the governments programs to help homeowners negotiate a mortgage modification. An Orange County attorney can help with negotiating with a lender to obtain a loan modification. Fees associated with the negotiation process may limit the benefits of the modification received. The law offices of Zhou and Chini can also check to see if the homeowner qualifies for the new HARP 2 refinance program for residents who are upside down in their home loan. Although there are many stipulations to qualify for the program it can benefit those who qualify.

Chapter 13 bankruptcies, are often called wage-earners bankruptcy, provide a person with a way to achieve a new start, but require the filer to pay off some of their outstanding debts. Under the terms of Chapter 13 bankruptcy unsecured debts are combined into one category and a Payment plan is developed based on cancellations of the individuals disposable income. That person will still have enough income to pay living expenses; such as those expenses will be used to pay off unsecured creditors over a 3 to 5 year period. Once the agreed payments have all been made, the filing individual will receive a discharged for the debts that were included in the bankruptcy. Whether or not payments satisfied the outstanding balanced.

Filing a Chapter 13 bankruptcy in Corona requires the person to submit a detailed budget to the court and the trustee. It may take time to compile all the records necessary to file a Chapter 13 case. A Corona bankruptcy attorney will help you evaluate the financial situation and prepare the case for court. Typically debts that are owed to the government are not dischargeable; but including them in filing a Chapter 13 bankruptcy plan can have many benefits. Chapter 13-trustee bankruptcy freezes interest and penalties on taxes. This will allow the payments to go directly to the principal, greatly reducing your interest and penalties and interest to your taxes. To find out more information about the services from a bankruptcy attorney in Riverside County about a home in Corona or anywhere in the County visit,

A homeowner can also stop foreclosure process by filing bankruptcy in Orange County. By filing a Chapter 13 bankruptcy case the person filing can catch up on back payments on the home through the payment plan worked out with the bankruptcy trustee. The homeowner must continue to make timely payments on your home during the bankruptcy case, or the lender petition the court to proceed with the foreclosure sale. A experienced Orange County bankruptcy lawyer can help filing for bankruptcy now.

The firm uses SEO professional services to assist in law firm marketing to promote the message about the importance of speaking with an experienced bankruptcy attorney in Corona, if someone is considering filing. The firm continues its online presence by offering no cost bankruptcy information on the bankruptcy firms blog and social media pages. This information along with free consultations the firm hopes to help more homeowners learn about chapter 13 bankruptcy and what options they may have. To read more on the bankruptcy firms Corona Facebook page visit

About the Firm: The Law Office of Zhou & Chini servicing the cities and counties of California. He is a graduate of UCLA and has been practicing law since 1999. Mr. Zhou has a wealth of experience in bankruptcy, civil litigation, family law, criminal law and unlawful detainers. Zhou and Chini Law Offices provide bankruptcy assistance to Orange County, Los Angeles, Riverside and San Diego residents. For more information about the bankruptcy law firm please call the toll free, 888-901-3440


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