Long Beach Chapter 13 Attorneys
Reorganize Your Debt & Protect Your Valued Assets
In many cases, risking sizeable portions of your assets, finances, and property in Chapter 7 bankruptcy is less than ideal and not completely necessary. Chapter 13 bankruptcy offers an interesting and effective alternative that strives to reduce and reorganize your debt, rather than completely eliminate it. In a successful Chapter 13 filing, the typical petitioner ends up repaying much less of their original debt and spaced out over a three- to five-year period to make it easier.
Wadhwani & Shanfeld is a Long Beach bankruptcy law firm that has helped manage 12,000+ bankruptcy cases for our clients. If you want to file for Chapter 13, you can trust in our lawyers to give you the legal insight and compassionate guidance required to make it work.
Do not hesitate to call us at 562-888-5114 to set up a free consultation, during which we can help you figure out if Chapter 13 is really the right form of debt relief for your unique situation.
Who Should Use Chapter 13 Bankruptcy?
Diving headfirst into bankruptcy is a considerable gamble. Without full preparation and knowledge, you could inadvertently sacrifice some of your most valued possessions, giving them up to debtors and banks. As our Long Beach bankruptcy attorneys can tell you, Chapter 13 filings can be utilized as somewhat of a bankruptcy middle ground.
You may benefit from Chapter 13 bankruptcy if you:
- Do not pass the means test due to a high monthly income.
- Do not want to risk losing your home to foreclosure due to filing for bankruptcy.
- Want the impact on your credit score to be minimized and manageable.
- Can reasonably afford to repay a portion of your debt over an extended period of time.
- Possess $394,725 or less in unsecured debts, and $1,184,200 or less in secured debts.
The Right Plan Can Make All the Difference
Chapter 13 bankruptcy is all about finding a way to help you live comfortably and debt-free again while also compromising with debtors and financial institutions so they do not attempt to reclaim your property. This is a delicate balance that often requires professional legal assistance to accomplish.
Speak with our Long Beach Chapter 13 attorneys by calling 562-888-5114 or contacting our firm online and start going over your bankruptcy options. With us standing by your side from start to finish, you can have confidence once again in your financial future.
Invaluable Bankruptcy Insight
Attorneys Raj Wadhwani and Greg Shanfeld are Board-Certified Bankruptcy Specialists who leverage their insight on behalf of clients.
Our legal team does all of the work for you, including filing paperwork, keeping track of deadlines, and providing protection from creditors.
Experience Where it Counts
Our attorneys have over 65 years of collective experience helping clients in a broad range of bankruptcy and debt settlement cases.
A Prolific Record of Success
Our firm has successfully helped more than 20,000 people put the pieces of their lives back together after a bankruptcy.