Chapter 13
Debt Relief For Southern Californians
By choosing Shakoori Law Group to handle your personal bankruptcy, you are getting the commitment of a team of highly trained attorneys with years of experience leading clients in Orange County through bankruptcy. We can determine if you are a good candidate for Chapter 13 bankruptcy.
Why Chapter 13 Bankruptcy May Be The Right Choice For You
There are several reasons why Chapter 13 bankruptcy might be a better choice for you than Chapter 7. These include if:
- Your income is too high to meet the "means test" for Chapter 7 bankruptcy.
- You have assets that would not be exempt in Chapter 7 and would have to be liquidated.
- You have debts that would not be discharged in a Chapter 7 bankruptcy.
- You are significantly behind on mortgage or car payments.
Often referred to as "consolidation," Chapter 13 is best suited for people who have steady income from employment and assets that would be liquidated during a Chapter 7 proceeding.
Chapter 13 bankruptcy can be a smart decision for people who have suffered a serious but short-term financial setback, such as an illness or job loss. Although some debts are repaid under Chapter 13, many unsecured debts — including credit card balances — end up being discharged. Learn why Chapter 13 can be better than other forms of debt consolidation, or contact us to schedule a free consultation. Hablamos español.
We work with our clients to set up a repayment plan, under which they make payments to a trustee who divides it among several creditors according to the plan. Under most Chapter 13 bankruptcies, payment plans last from three to five years.
The advantage of filing for Chapter 13 bankruptcy protection is that it essentially gives you more time to make payments on some of your debts, while preventing banks from foreclosing on your home and putting an end to harassing phone calls from creditors. The advantage of choosing our Santa Ana Chapter 13 lawyers is our commitment to walking you through every step of the process, doing everything possible to help you start fresh.
Contact Experienced Foreclosure Attorneys Serving Anaheim And Orange County | Se Habla Español
Your path to financial relief begins the moment you contact Shakoori Law Group. Our team will take the time to carefully look at your financial situation and recommend the right approach. Email us today or call 800-578-0922 to schedule a free and confidential consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
