About Todd Turoci.

Our professionalism, insight, drive, and tenacity has been derived from my personal experience serving as a Deputy District Attorney, a Captain in the Marine Corps, as well as serving as Judge Pro Tem – ensuring the swift and successful discharge of your bankruptcy case. The Turoci Firm will help to put you on the road to restoring your life-style and enjoying your life again.

No other bankruptcy attorney in Southern California can offer you that same level of bankruptcy experience and success – Experience that will help you save time, money, and stress.

Free Consultation

I’m so positive about the successful outcome of your case, I’m happy to give you a Free Bankruptcy Consultation. In your consultation we’ll discuss your personal situation, your assets, options, and prepare a strategy to successfully put you back on the track to success.We have several convenient locations to serve you. Our offices span across Southern California. Please call 888 332 8362 to schedule your Free Consultation at either of our locations.Spanish language assistance is available! Hablamos Espanol!

YES! To Help You Get Started Quickly We Offer Weekend Appointments & Easy Payment Plans!

Alternatives to Chapter 7

Debtors who would rather remain in business and avoid liquidation should consider filing a petition under Chapter 11 of the Bankruptcy Code. Under Chapter 11, the debtor can seek a modification of debts, either by extending the time for repayment or by debt reduction.

An individual debtor with a regular income may seek an adjustment of debts under chapter 13 of the Bankruptcy Code. Chapter 13 provides individual debtors with an opportunity to save their home from foreclosure; allowing them to “catch up” on past due payments through a payment plan.

Out-of-court agreements with creditors or debt counseling services may also provide alternatives to filing bankruptcy.

What is a Discharge and How Does it Work?

Debts that are discharged are no longer legally required to be paid by the debtor. Individual debtors are released from personal liability for the debt. Discharge also prevents creditors from taking collection actions against the debtor. A valid lien that has not been avoided in the bankruptcy case will remain even though the debtor is not personally liable for the discharged debt.

Therefore, recovering the property secured by the lien may be allowed by a secured creditor. Chapter 7 cases filers automatically receive a discharge at the end of their case. This would mean that about four months after filing your Chapter 7 petition you will obtain a discharge.

What is a Chapter 7 Bankruptcy?

A Chapter 7 Bankruptcy is a legal action making your possessions (called assets) available to creditors (to whom you owe money) in exchange for eliminating your debts. The action takes place in federal court and is started by filing a petition by you (the debtor) listing all of the things you own and ALL of the debts you owe.

When your petition is filed, the court notifies all creditors within 20 days. Once notified, creditors cannot legally continue collection, foreclosure, repossession, garnishments or lawsuits against you. You are required to attend a court hearing called the first meeting of creditors. This hearing is held about five weeks after you file.

At the court hearing, a trustee, who represents all of the creditors, may question you regarding your financial affairs. The trustee may be a lawyer. No judge will be present. There is no certain amount that a person must owe to file bankruptcy. The trustee’s job is to ensure that you don’t have extra money or property that may be sold or given to creditors. You are usually able to protect most property.

The final discharge in bankruptcy is usually entered between one and three months following the court hearing. Discharge means that you are no longer required to pay the bills you owe. You may, at your option, pay some bills and property.

Pray For Pegasus!

Keep the families of the missing Marines in your prayers during this difficult time they are facing. #‎PrayForPegasus‬ ‪#‎SemperFi‬ ‪#‎USMC‬‪#‎Hawaii‬ ‪#‎HMH463‬

11 Reasons Why It’s So Hard Being A Lawyer (Part I)

By JEENA CHO

As I travel across the U.S., connecting with lawyers to talk about self-care, wellness, and mindfulness, lawyers often tell me how difficult it is to be a lawyer. I asked them to share what they wished non-lawyers understood about us lawyers, as well as what it is about being a lawyer that’s so difficult. Here are the 11 most common responses.

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Our Services Include:

Bankruptcy

Chapters 7, 11, 12 and 13

Credit Counseling

Each of our potential clients is required by law to participate in a pre-filing debt management counseling session. There are several ways which make it easy for you to fulfill this requirement including On-Line sessions you can take at your convenience. We will recommend the best counseling services for your unique set of circumstances.

Leverage Opportunities For You

You may be in a position to use some of your high-value assets as an option to help settle your debts. We will help you discover the best ways to leverage your real estate or home equity as a possible solution.