Chapter 13 Bankruptcy

Chapter 13 Bankruptcy Basics

We’ve helped hundreds of individuals and families from the greater Roseville area file for Chapter 13 bankruptcy.

There are several reasons to file a Chapter 13 bankruptcy.

For some people, Chapter 13 bankruptcy is your only viable bankruptcy option. Depending on your current income, you may be ineligible to file for Chapter 7 bankruptcy, in which case, a repayment plan under Chapter 13 bankruptcy is often times preferable to continuing to pay outlandishly high interest on your credit cards.

Debtors who have fallen behind on secured loan payments, such as mortgages and car loans, might choose to use Chapter 13 bankruptcy to catch up on their payments while maintaining possession of their property. In these situations, Chapter 13 bankruptcy will allow you to avoid foreclosure or repossession.

Another reason to choose to file Chapter 13 bankruptcy is because non-exempt property that might otherwise be liquidated under a Chapter 7 bankruptcy can be retained by debtors through a Chapter 13 bankruptcy.

Why It’s Important To Hire A Chapter 13 Bankruptcy Attorney

According to a recent survey conducted by the Bankruptcy Court for the Central District of California, LESS THAN ONE PERCENT of Chapter 13 bankruptcy cases filed without an attorney successfully reach plan confirmation. It is critical that you contact a reputable Chapter 13 bankruptcy attorney who can walk you through the process from beginning to end.

Contact Seth today by filling out our free consult form in the right column or call us at (916) 780-7005 to find out whether Chapter 13 bankruptcy is the right option for your situation.