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Riverside Chapter 7 Bankruptcy Lawyers

Certified Business Bankruptcy Specialists

At The Turoci Bankruptcy Firm, our team of dedicated attorneys is here to assist clients throughout the greater Riverside area who need relief from burdensome debt. If you are struggling to pay off your debts and are tired of dealing with creditors and debt collectors, then please don’t hesitate to get in touch with us to learn more about the comprehensive Chapter 7 bankruptcy services we offer at our firm.

Benefits of Filing Chapter 7

Although not everyone will qualify for Chapter 7, those who are eligible can benefit in a variety of ways:

  • It is a quicker process compared to Chapter 13. Chapter 7 can be completed within four to six months.
  • It is possible to keep essential property such as your home, vehicle, and other assets through exemptions.
  • You can put a stop to debt collection, such as foreclosure, repossession, wage garnishments, etc. while you sort out your finances.
Chapter 7 may not be the right option for everyone, so discuss your situation with an attorney at The Turoci Bankruptcy Firm. We can review your eligibility and determine whether you should file for Chapter 7, or if you are better off with Chapter 13.

What Are the Eligibility Requirements for Chapter 7 Bankruptcy?

Before you can petition for Chapter 7 bankruptcy, you must meet the following requirements:

  • You must be an individual, a registered corporation, a partnership, or any other business entity.
  • You must attend a pre-filing debt management counseling session with a licensed agency.
  • You must agree to halt business completely. If you want to continue business activities and avoid liquidation, then you can file a petition for Chapter 11 bankruptcy.
  • You must pass the Means Test to determine whether you are within the income limits.

The Chapter 7 Bankruptcy Process

Chapter 7 bankruptcy works by allowing you to liquidate your assets or possessions to your creditors in order to get rid of your debts. Here is what you can expect if you file for Chapter 7 bankruptcy:

  • Means Test: You must take a bankruptcy means test to determine if your income is low enough for you to file for Chapter 7 bankruptcy. The means test ducts specific monthly expenses from your current monthly income to determine how much disposable income you have. If you have too much disposable income, you won’t be eligible for Chapter 7 bankruptcy and must file a Chapter 13.
  • Petition: When you file your bankruptcy petition, it will include all the objects you currently own, as well as a list of all the debts that you need to pay off. The petition also shows which of your possessions are exempt and what you can discharge off your debt-pile.
  • Automatic Stay: After you file the bankruptcy petition, the federal court will inform all of your creditors that they cannot continue repossessing your property and funds. All collection actions and foreclosure on your home must cease once the automatic stay is issued.
  • Creditor Meeting: A trustee will review and discuss your financial activities in detail at the first court hearing with your creditors. During the creditor meetings, the defendant can usually protect a portion of their property from being liquidated.
  • Discharge: After the court hearing takes place, you can receive a final bankruptcy discharge within the next three months. Once the bankruptcy is discharged you no longer have to pay your owed bills. Additionally, personal liability can be removed with a discharge and your creditors will be barred from returning to collect any more of your assets.

Types of Debts That Can Be Discharged in Chapter 7 Bankruptcy

The following debts can be discharged under a Chapter 7 bankruptcy:

  • Medical Bills
  • Credit Card Debts
  • Collection Agency Accounts
  • Past Utility Bills
  • Past Rent Owed Under Lease Agreements
  • Civil Court Judgments, Except Fraud
  • Personal Loans

The following types of debts can’t be discharged under a Chapter 7 bankruptcy:

  • Government Fines or Penalties
  • Certain Types of Tax Debt
  • Child Support
  • Alimony Payments
  • Debts from Fraudulent Acts
  • Debts for Personal Injury or Death Caused by DUI
  • Any Debts That Weren’t Included in Your Bankruptcy Filing

Discuss Your Debt Situation with a Bankruptcy Lawyer Today

If you are planning to file for bankruptcy in Riverside to take control of your debt, then you will need to consult with an experienced attorney for guidance regarding the petition. The Chapter 7 bankruptcy application can be very complicated, but with assistance from our talented legal team at The Turoci Bankruptcy Firm, you can trust that your best interests are protected. We have one of the few Certified Business Bankruptcy Specialists in the Central District and the only one in the Inland Empire, as Designated by the American Board of Certification.

For personalized attention and top-notch legal services, please give us a call at 951-784-1678 to request a free case consultation. We proudly offer bilingual services as well. Call today to learn more.

Client Testimonials 

Hear It From the People We Have Helped
  • I definitely recommend Mr. Turoci, he made my bankruptcy process go smoothly and easily.

    “I definitely recommend Mr. Turoci, he made my bankruptcy process go smoothly and easily. He explained everything to me. He is extremely professional and helpful. My case took less than a month and I ...”

    - Tom B.
  • The Turoci firm was amazing.

    “The Turoci firm was amazing. From the start to finish the process was transparent. I appreciate all their hard work throughout my process. Thank you”

    - Katie L.
  • I'm very happy with the service I received from the Turoci Bankruptcy Firm, and I would recommend them to anyone looking to file bankruptcy.

    “I was unemployed, and with no source of income, unable to pay my debts, so I decided to file chapter 7 bankruptcy. I went with Todd Turoci, because he office was close to where I live. Him and his ...”

    - Jamie G.
  • Todd, was great, He helped me to get through a rather tough time.

    “Todd, was great, He helped me to get through a rather tough time. He and his staff were professional and helped me along every step of the way...Great work, and I will recommend him to anyone.”

    - Eric Quinn
  • Thank you Mr. Turoci for assisting me with my financial situation. You and your staff (Daisy, Courtney, Laura, and Dana) were so helpful!

    “Thank you Mr. Turoci for assisting me with my financial situation. You and your staff (Daisy, Courtney, Laura, and Dana) were so helpful and handled my situation. Very friendly and professional. I ...”

    - Kimberly Deasey
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Meet Our Legal Team

Here to Guide You Every Step of the Way
  • Todd  Turoci Photo
    Todd Turoci

    Founding Attorney

    About Todd Turoci The Turoci Bankruptcy Firm is owned and operated by Todd Turoci. The Firm limits its practice to the field of bankruptcy, insolvency, workouts and related civil litigation matters. The Firm has offices in the counties of Riverside, Los Angeles, and San Bernardino. The Firm primarily represents Consumers and Businesses as Debtors and Debtors-in-possession in Chapters 7, 11, and 13. Todd Turoci is one of the few Certified Bankruptcy Specialists in the Central District and the ...
  • Dustin  Nirschl Photo
    Dustin Nirschl

    Attorney

    About Dustin Nirschl Dustin joined the Turoci Firm in 2019. He represents debtors and creditors in adversary litigation. He has assisted clients in a wide-range of issues including but not limited to fraudulent transfer and preference actions; non-dischargeability determinations; conversion or dismissal; and the expansion of a subchapter V trustee’s authority and duties. Dustin graduated law school in 2018 from the University of California Irvine School of Law (“UCI Law”) with an emphasis in ...
  • Meredith  Jury Photo
    Meredith Jury

    Retired Bankruptcy Judge

    About Meredith Jury Judge Jury joined the Firm in July 2018. She has served over 20 years as Bankruptcy Judge presiding over thousands of bankruptcy proceedings. She has also served as a member of the United States Bankruptcy Appellate Panel for the Ninth Circuit. Prior to taking the bench she had over 21 years of experience as a litigator primarily practicing in bankruptcy. She was the first female associate and partner at Best, Best, Krieger, a professional law firm in Los Angeles, California. ...
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The Turoci Difference

Personal Guidance Through the Entire Process
  • Certified Bankruptcy Specialists

    Todd is one of the few Certified Bankruptcy Specialists in the Central District and the only one in the Inland Empire, as designated by the American Board of Certification.

  • Free, No-Obligation Consultation

    Our firm offers free, no-obligation consultations for those who chose to retain our services.

  • Compassion

    We can understand how challenging this process can be and will guide you through, every step of the way.

  • Availability

    We offer our clients after-hour, weekend and same day appointments to meet your busy schedule.

  • Personalized Attention

    When you hire us, you will have direct access to your attorney from start to finish.

  • Bilingual

    Our team is bilingual! We service our clients in English & Spanish.

Schedule Your Free, 
No-Obligation Consultation 

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