Chapter 13 Bankruptcy: Debt Consolidation Backed by the Power of the Bankruptcy Court
Home in Foreclosure? Car Being Repossessed?
If you are behind on your mortgage or creditors are calling day and night, Chapter 13 bankruptcy can stop foreclosure, stop repossession and immediately stop the harassing phone calls. It gives you a chance to take a break, reorganize your finances, and pay back at least a portion of your debts over time.
The Law Office of Richard Stevenson in San Diego, California will take the time to answer your questions and walk you through the process of filing for bankruptcy. We represent debtors throughout San Diego County. Call us today at (866) 587-7260 (Toll Free) to arrange a free initial consultation.
Chapter 13 Bankruptcy
Not everyone qualifies to eliminate debts completely through Chapter 7 bankruptcy. But Chapter 13 provides strong protection from creditors. Upon filing, creditors must immediately halt collection actions. A Chapter 13 plan is proposed based on your ability to pay a monthly amount to unsecured creditors over a three to five year period. At the end, any remaining dischargeable amount owed to your creditors is discharged.
Chapter 13 bankruptcy makes sense if:
- You own valuable assets
- You would lose a lot of equity in home foreclosure
- You are behind on car or mortgage payments and want to catch up
- You want to get your repossessed vehicle back
- You earn too much money to qualify for Chapter 7
In a Chapter 13 filing, you do not lose any assets. It also provides greater bargaining power to lower and consolidate debts. Depending on the bankruptcy code's determination of how much you can pay, you may have to repay only a fraction of your total debt.
Contact an experienced bankruptcy attorney. Mr. Stevenson will personally meet with you to discuss your situation and guide you through the process. We offer flat fees, and a free initial consultation.
We are a debt relief agency.
We assist people in filing for relief under the Bankruptcy Code.
