San Diego Bankruptcy Lawyer

Chapter 13 Debt Reorganization Bankruptcy

Chapter 13 is a different type of bankruptcy that is designed to assist those individuals and businesses who have assets they do not want to be liquidated and want the opportunity to pay off their debts over time.  It is often referred to as the debt reorganization bankruptcy because it allows you three to five years to pay off your debts with no interest.  Chapter 13 requires an individual or business to have a regular income sufficient to pay back their debts and allows people whose incomes are too high to qualify for Chapter 7 to still get the protection and debt relief bankruptcy provides.  To learn more, call our offices and speak to a San Diego bankruptcy attorney at San Diego Bankruptcy Pros. 

Similar to other types of bankruptcy, once the process is begun, an automatic "stay" is issued to prevent bill collectors from contacting you any further.  It can also protect you from the threat of foreclosure as long as you are able to work out maintaining your mortgage payments as part of your payment plan.  With the help of your bankruptcy attorney, you will need to submit a full financial statement listing all your income, assets and liabilities along with your proposed repayment plan that can be made within your budget.  You will be legally obligated to make your scheduled payment to the bankruptcy trustee who will then pay a portion to each of your creditors.

Bankruptcy Attorney in San Diego

To help establish whether Chapter 13 bankruptcy could be the right solution for you consider the following circumstances:

• You are not eligible for Chapter 7 due to your income or assets
• Your home is being threatened with foreclosure due to delinquent payments
• You do have a steady income but have fallen behind on your bills
• You are facing repossession of your car, truck or boat
• You are being constantly harassed by collection agencies and creditors

We can assist you in both the application and preparation of your bankruptcy.  When you meet with one of our knowledgeable attorneys they will answer all your questions and review your financial information. 

One of the major differences between our offices and the other law firms that you have visited is that your case will be handled by an Attorney, not by a clerical office worker. We will help you with all aspects of the personal bankruptcy process, handling all paperwork, hearings and court procedures on your behalf. We are committed to helping you achieve debt relief through Chapter 13 bankruptcy as well as Chapter 7 bankruptcy. Whatever situation you are in, we will help you find the course of action that suits your particular needs and goals.

Contact a San Diego bankruptcy lawyer to find out if Chapter 13 bankruptcy debt relief is right for you.