No two people have the same financial situation, which is why there are multiple debt relief options to meet each individual’s needs, one of which is Chapter 13 bankruptcy. Whether you wish to retain your assets or do not qualify for Chapter 7, reorganizing your debt through Chapter 13 may be the best choice for your situation. Our bankruptcy attorneys at Wadhwani & Shanfeld can meet with you to discuss your financial issues and explain the best options for debt resolution. With more than 40 years of legal experience, our firm is prepared to offer our financial skills to help you find economic freedom.
About Chapter 13 Bankruptcy
Chapter 13 bankruptcy will allow you to keep all of your assets, setting up payments towards your debt rather than completely eliminating it. Also called reorganizing bankruptcy, this option resolves debt by structuring debt repayment over a 3-5 year plan, after which obligations will cease. In order to qualify for Chapter 13, those filing need to have enough income to afford repayments and must have debts under the state limits.
Who Benefits from Chapter 13 Bankruptcy?
Reorganizing bankruptcy is often the best choice for those who need debt relief but wish to retain nonexempt property, or need to repay non-dischargeable debt. Individuals looking to avoid home foreclosure and self-employed business owners who want to retain their business property also chose Chapter 13 bankruptcy.
Let Wadhwani & Shanfeld Help You Make the Right Choice
Our firm has successfully filed over 10,000 bankruptcy cases and helped more than 15,000 clients. The legal team at Wadhwani & Shanfeld has the experience and qualifications to help you find the correct solution for your financial troubles. If you need help recovering from insurmountable debt in Southern California, our firm has the means to help.
Contact Wadhwani & Shanfeld to take the first step toward filing Chapter 13 bankruptcy.