Evan Granowitz: Frequently asked questions about bankruptcy

Practicing in California, Atty. Evan Granowitz has been included in Super Lawyers magazine’s Rising Star list for three consecutive years. He holds a stellar record of success in handling several litigations in various practice areas including bankruptcy.

 

Evan Granowitz photo credit: Whaleniplaw.com

Most people have the wrong information on what bankruptcy is and how it can affect a person or a business. Below are some frequently asked questions on bankruptcy:

 “When is an individual qualified to file for bankruptcy?”

Qualification depends on each person’s financial situation including income and expenses. For people who earn above the median income, they may have to pass a means test to determine whether filing for bankruptcy is the best option to take.

Evan Granowitz also specializes in handling cases involving civil litigation and Native American rights.

“Is credit counseling before filing bankruptcy important?”

It is and the counseling must take place within six months before filing the bankruptcy papers. However, the submission of the certificate need not be done until 15 days after filing. Sometimes, the credit counselor recommends choosing an independent repayment plan over bankruptcy filing.

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“Does bankruptcy eliminate all debts?”

It does eliminate most, but not all. However, there are exceptions – student loans, child support, and debt from luxury services or goods, among others. These can only be valid exceptions when taken within 60 days of filing for bankruptcy. For details on non-dischargeable debts, it is best to consult an attorney to address individual circumstances.

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More information about Atty. Evan Granowitz can be accessed at www.wolfgroupla.com.