Experiences That Matter Most
Chapter 13 Bankruptcy Lawyer
Restructure and Eliminate Debt
Chapter 13 bankruptcy allows you to reorganize your finances and get out of debt in just a few years. If you have 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, Chapter 13 attorney is a California State Bar Certified Bankruptcy Specialist who has filed over 7,000 cases. will explain your options and help you navigate the process with ease.
Understanding Chapter 13
There are many reasons people choose to file for Chapter 13 bankruptcy, such as:
- They have non-exempt assets
- Their income was too high causing them to fail the means test
- They have non-dischargeable tax debt they want to pay without interest or penalties
- A marital equalization payment is not dischargeable in chapter7, but is in chapter 13
- They are facing foreclosure or repossession and they want to cure the arrears over a 3 – 5 year
- They need to pay back taxes, child support, or alimony payments through a repayment plan
- The ability to set new terms for car loans or leases
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 and the liquidation analysis of non-exempt assets. At the end of the repayment plan, after you have made all required payments, your remaining unsecured debts will be discharged.
Chapter 13 offers many benefits. It also serves as your “new credit” meaning your good payment history in chapter 13 can help reestablish your credit. You can even buy a new vehicle or home while you’re in chapter 13, provided you meet the lending requirements, and the court approves your motion to incur new debt.
Contact Our Chapter 13 Bankruptcy Attorney Today
It’s time to put you and your family first. Eliminate debt legally and responsibly through bankruptcy and preserve your assets. Before you consider:
- Taking money from your home equity to pay bills
- Taking money from your retirement to pay bills
- Selling your home to pay bills
meet with our attorneys. You’ll be far better off keeping those assets and eliminating your debt. You will also rebuild your credit much quicker after bankruptcy than a debt management plan or debt consolidation plan.
Find The Hope You Need When Dealing With Financial Hardships
Work with our CERTIFIED BANKRUPTCY SPECIALIST who is highly experienced and understands the different bankruptcy and debt settlement options. We’ll find the best solution for you and your family.