Maintain adequate financial records to qualify for California Chapter 7 Bankruptcy Law

You must keep up your entire financial records, if you want to qualify for Chapter 7 Bankruptcy laws. This part of US bankruptcy law code deals mainly with liquidation rules and for that you must keep up all your financial records and statement. This will enable your Chapter 7 Bankruptcy Attorney to file your case in federal court.
The requirement of proper maintenance of financial records has been cited recently in 9th Circuit Court of Appeals. In that case, a debtor did not maintain adequate financial records and for that, the court did not allow him to file a bankruptcy case. Due to inadequate maintenance of financial documents and records, the bankruptcy trustee was also unable to know the debtor’s true financial condition. Simply get in touch with any of the California bankruptcy law offices and they will definitely help you in maintaining your financial records.
Proper maintenance of debtor’s financial records is one of the prerequisites that are needed to get discharge under Chapter 7 Bankruptcy Law. According to 11 U.S.C. 727(a) (3) of US bankruptcy law code, a debtor will not be able to file bankruptcy if he/she falsifies, destroys or fails to keep financial documents such as papers, books of records, etc since they play an important role in determining the real financial position of a debtor.
If you are looking forward to gain freedom from your existing debts, then you must seek help from a professional California bankruptcy law firm. Talk to them about your debts and show your true financial debt information. They are the one that can help you gain a debt free life and also to stay away from your creditors.