Costa Mesa, California (PRWEB) April 11, 2013
The bankruptcy lawyers in Costa Mesa, Zhou & Chini, have recently released a new video on YouTube that explains the concepts of this legal procedure quite effectively. The video is meant to provide basis information for those seeking knowledge about bankruptcy as well as some advanced bankruptcy law verbiage. Moreover, it has been designed to be suitable for debtors who are looking for useful information on bankruptcy and its related concepts. The residents of Costa Mesa can give approval by posting positive feedback on the comments section for the video that has been uploaded to YouTube for easy access. Bankruptcy is a legal concept that involves various clauses of the federal law and therefore it needs to be handled properly. Some people confuse the term insolvency with bankruptcy but these are quite different concepts. Insolvency is a financial state that eventually leads to bankruptcy. As soon as individuals understand the options available, those people can take the necessary steps to avoid more serious consequences, and filing for bankruptcy may be the best option. All bankrupt debtors are insolvent; however, not all insolvent situations lead to liquidation or economic failure. The bankruptcy attorneys in Costa Mesa have tried to explain all the concepts related to this legal procedure quite effectively in their recently released video on YouTube. The video is meant to provide some useful steps to get started with filing for bankruptcy and what to expect. There are many different types of situations that can be filed under basic bankruptcy. All these cases have been identified in the video as well as a solid description of a process known as liquidation and how to proceed with it. To speak with an Orange County bankruptcy attorney, or to view the latest video by the law office visit, http://www.youtube.com/watch?v=kex_K16Dh3k
There are many difficult legal terms and forms that are involved in the process that needs to be understood completely in order to proceed with a successful bankruptcy. Concepts like automatic stay, exemptions, and discharge are related to bankruptcy and have legal repercussions. Many important questions and answers are also listed with the description box listed below the video. For example, when does the discharge occur or can a debtor receive a second discharge in a later case. The bankruptcy attorneys have made a good effort in explaining these terms and the questions related to them in the video. Individual debtors who are faced with bankruptcy, and who are linked to a business or a partnership have the right to avoid a state of liquidation. This is usually not known to a large number of debtors, and therefore, they risk their financial future. These debtors may be able to file an application under chapter 11 of the Bankruptcy Code. Moreover, according to chapter 13 of this code, a debtor who has a regular source of income can get relief from bankruptcy to save their homes from going to foreclosure. The debtor has a chance to repay their debts in a period of 3 to 5 years as permitted by the creditor according to the regulations. These are some of the exceptions that have been clearly explained in the video titled Bankruptcy Basics by the bankruptcy attorneys in Costa Mesa. To learn more about the different bankruptcy options available, or to learn more about the Orange County bankruptcy attorneys visit, http://bankruptcyattorneyorangecounty.org/bankruptcy-attorney-costa-mesa
Orange County bankruptcy attorneys Zhou & Chini are an established bankruptcy firm, as they have managed to be one of the top law offices as far as filing of bankruptcy firms are concerned. The firm uses a professional SEO company to assist the law firm to promote the message about the importance of speaking with a bankruptcy lawyer in Costa Mesa CA, when someone is considering filing. The firm continues its online marketing campaings by offering zero cost bankruptcy information on bankruptcy firms blog and social media pages. With this information, along with free consultations the firm hopes to attract more Costa Mesa residents looking for financial relief. To read more about the firms bankruptcy attorney Costa Mesa Facebook page visit, https://www.facebook.com/BankruptcyAttorneyCostaMesa
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 detainer. Zhou and Chini Law Offices provide bankruptcy assistance to Orange County, Los Angeles, Orange County and San Diego residents.
Contact: Ron Chini