Bankruptcy Chapter 13
When an individual does not qualify for Chapter 7 bankruptcy, or in order to keep certain assets such as a home or car, he or she is more likely to file for Chapter 13. In most cases, individuals who file for Chapter 13 bankruptcy have suffered a temporary loss that has put them too far behind in debt to catch up on their own, or to meet the unreasonable demands or lawsuits of creditors. The bankruptcy law is on your side.
Chapter 13 bankruptcy will stop creditors in their tracks and allow you to consolidate debt and restructure it into a monthly payment plan that is affordable for you. Usually, people who qualify for Chapter 13 make sufficient income to cover their living expenses, but not enough to pay off debts in full or according to the unreasonable demands of creditors. Through careful planning with a skilled attorney, a debtor who files for chapter 13 bankruptcy pays for living expenses first, and then money left over is used to repay creditors on very affordable terms, often for just pennies on the dollar, and without interest or penalties.
Chapter 13 bankruptcy cases typically last for three to five years from initial filing to discharge, depending on the individual’s ability to pay.
We understand that debt doesn’t make someone a bad human being, it’s just a person is going through some difficult times. Our Chapter 13 bankruptcy attorney in North Hollywood, CA will help you in your bad financial situations. A crushing debt can happen at any time to anyone, life can change when financial crises happens. Our North Hollywood, CA Chapter 13 bankruptcy attorney knows it really well that bankruptcy can unexpected arise in anyone’s life. However, only a reliable and experienced bankruptcy attorney can help you get out of financial crisis. Our Chapter 13 & Chapter 7 bankruptcy attorney in North Hollywood, CA has years of experience and is known for succeeding in every case.
Our Law Firm’s Chapter 13 bankruptcy attorney in North Hollywood, CA reviews every client’s situation and works in the best interest of every individual. We make sure our clients are given honest opinion and are provided with clear answers. North Hollywood, CA Chapter 13 bankruptcy attorney will help our clients to develop a plan that will allow them to repay their debts in installments over a period of 3 to 5 years. If you are someone whose income is a bit high to go for Chapter 7, you can always opt for Chapter 13 bankruptcy.
If you are someone who has queries regarding Chapter 13 bankruptcy, you can always contact our Chapter 13 bankruptcy attorney in North Hollywood, CA. We are here to help you with all of your queries. Our North Hollywood, CA Chapter 13 bankruptcy attorney will let you know more about Chapter 13 bankruptcy, it’s basically a plan that allows people who have regular income to make a plan that can let them repay the debt. We’ll ensure our clients get a fresh start on their finances. Our well experienced Chapter 13 & Chapter 7 bankruptcy attorney in North Hollywood, CA will properly analyze all of your options and determine the best possible solutions.
The rumors that circulate about bankruptcy are often quite disappointing, but you should know the reality that they are just myths created by credit card companies and other entities to stop you from taking a legal action. Our skilled Chapter 13 bankruptcy attorney in North Hollywood, CA addresses all the myths or propaganda and gives best options to our clients. Bankruptcy can disturb your financial life but that doesn’t mean it will tear down your credit history forever. We are always there to guide our clients and protect their rights.
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