LawFuel.com – Bankruptcy Law News – One of the top bankruptcy law firms in Southern California, Zhou & Chini, has released another completed webpage for its Wiki style site. The bankruptcy information Rancho Cucamonga page has just been finished and is ready for views.

The page displays bankruptcy laws and links, as well as directions and phone numbers to the closest court. The new addition to the site for this city should prove to be useful for its readers. The page will help educate the individual on bankruptcy basics, and can also link them to more complex issues and questions. If an individual isfiling for bankruptcy.  they are allowed to exempt certain categories of assets from liquidation. Certain states have opted out of the federal exemptions and have their own list of acceptable exemptions. The state exemptions can include various amounts of furniture, clothing, tools, pensions, and homesteads. The goal of the exemptions is to allow the individual to maintain certain assets that maybe needed to make a fresh financial start after they declare bankruptcy. Any property that is determined exempt will be outlined in the bankruptcy schedules which are filed with the bankruptcy case. Creditors will have an opportunity to object to the exemptions at the meeting of the creditors. If there are no objections, the exempt property will no longer be considered property of the bankruptcy estate.

Exemptions are one area of bankruptcy law which varies somewhat from state to set. Federal low outlines a set of exemptions in the bankruptcy code, but each state has the option to “opt out” of the federal exemptions and can provide their own state exemptions. Currently, sixteen states have the option to choose between the federal and states exemption, the remainder of the states will have to use the state exemptions. Prior to filing Bankruptcy in California, it is important to talk to a bankruptcy attorney in Rancho Cucamonga who can outline your current options for bankruptcy exemptions in the state of California.

A  a local SEO company assists the law firm to promote the message about the importance of speaking with a bankruptcy lawyer in Rancho Cucamonga if someone is considering filing. The law firm continues its online presence by offering zero cost bankruptcy information on bankruptcy firm’s blog and social media pages. This information along with free consultations the firm hopes to attract more clients looking for financial relief.

About the Firm: The Law Office of Zhou & Chini servicing the cities and counties of California. Mr. Zhou 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 them directly.