Chapter 13 Bankruptcy Lawyer in Palm Desert

Restructure Payments to Eliminate Debt

Chapter 13 bankruptcy allows you to reorganize your finances and get out of debt in just a few years. If you have some disposable income but need help eliminating debt and want to retain non-exempt assets, this may be the right option for you. At J. Doling Law, PC, our Palm Desert Chapter 13 attorney is a certified bankruptcy specialist who will explain your options and help you navigate the process with ease.

For more information and a free consultation, call (760) 884-4444 today.

Understanding Chapter 13

Many people choose to file for Chapter 13 bankruptcy because their situation does not pass the means test. If you make too much money to qualify for Chapter 7 bankruptcy or don’t want to turn non-exempt property over to the trustee, debt reorganization may be the best option for you. Chapter 13 Bankruptcy is also called Wage Earner's plan, this enables the debtor with steady income to develop a plan to payback all or part of their debt.

Other advantages of Chapter 13 include:

• Time to repay past-due mortgage or car payments
• Spread back taxes, child support, or alimony payments over the length of the repayment plan
• Ability to set new terms for car loans
• Retain more of your personal property and assets

Chapter 13 Eligibility

Chapter 13 Repayment Plans

After your bankruptcy petition is filed, a repayment plan will be developed to repay a portion of your debts. The amount of the repayment plan varies depending on the amount of disposable income that you have available to make these payments. At the end of the repayment plan, after you have made all required payments, your remaining unsecured debts will be discharged.

Your repayment plan will vary depending on the amount of debt, expenses, and your ability to pay. The payments may last from three to five years. These payments are used to repay unsecured debt, past-due mortgage payments, taxes, child support, medical bills, and other debts. Our Chapter 13 lawyer in Palm Desert can evaluate your situation and advise you of your options.

Give us a call today at (760) 884-4444 to set up an appointment for a free consultation.