In light of the current health crisis, we are happy to offer free telephonic consultations. Should you choose to retain our services, we can easily handle the bankruptcy process via telephone and email. We hope that everyone remains safe and healthy during these unprecedented times.
Bankruptcy Attorneys Serving Southern California

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is a reorganization of your debt, structured as a payment plan. There are many different reasons why a Chapter 13 bankruptcy might be your best bet.

Transcript

Raj: Chapter 13 is a reorganization, and there are many different reasons for Chapter 13. I'd say the most common is somebody who is facing a foreclosure and they don't have enough money to bring their mortgage loan current.

The Chapter 13 gives them the ability to reorganize their arrears and pay back the arrears over a period of time.

Greg: When people come to us and they're behind on their mortgage or they have debt that would otherwise not be dischargeable in Chapter 7, Chapter 13 might be a great option.

And also sometimes we use Chapter 13 to strip off second mortgages, or if somebody has too much income or too many assets.