Ontario Attorney for Chapter 13 Bankruptcy
Skilled & Compassionate Legal Advocates
If you are struggling with debt, it can feel like you are drowning with no hopes of recovery. While it may certainly feel debilitating, this doesn’t have to be the case. If you are looking for a way to survive a financial crisis, a Chapter 13 bankruptcy may be the right choice for you. With the help of an experienced and knowledgeable Ontario bankruptcy attorney such as ours at Wadhwani & Shanfeld, you can get back on your feet in no time.
How Does Chapter 13 Bankruptcy Work?
Chapter 13 bankruptcy can be likened to a reorganization, in which you file a plan with the bankruptcy court that proposes a payment schedule to pay back your debts to creditors. You must complete credit counseling from an approved agency before you file, and again before you receive a discharge, so as to restructure your debt into a 3 to 5 year plan of repayment.
Benefits of Chapter 13 Bankruptcy
A Chapter 13 bankruptcy essentially buys you more time to pay off your debts, but there is a cap on the debt you can have in order to file. While it is a little more complicated than a Chapter 7, a Chapter 13 bankruptcy has many advantages, which is partly why there are caps on the debt you can have before you apply.
If you relate to any of the following, a Chapter 13 bankruptcy may be the right plan of action for you:
- Have a monthly income that is too high to qualify for Chapter 7 bankruptcy
- Want to protect their home from foreclosure
- Want to preserve assets or property that may be exposed in a Chapter 7 bankruptcy
- Want to repay tax or other debt through an affordable payment plan
Contact Our Attorneys Today
At Wadhwani & Shanfeld, we know just how stressful and complicated the entire bankruptcy process may be. There is a lot of information out there on how to resolve financial issues, which can certainly get quite confusing. The only way to get honest advice that will best benefit you and your future is to consult an experienced and informative bankruptcy attorney.
We have bankruptcy offices in Ontario and across Southern California. Our legal team is dedicated to helping families weather the storm of financial struggle as seamlessly as possible. You will see the light at the end of the tunnel with the legal advocacy on behalf of Wadhwani and Shanfeld.
If you aren’t sure whether Chapter 13 bankruptcy is right for you, schedule an initial consultation today by calling 909-543-0947.
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.