Chapter 13 Bankruptcy Attorney in California

How will I know if Chapter 13 is right for me?

As with other types of bankruptcy, Chapter 13 works to give you a new start if you are no longer able to pay your creditors what they are owed.  It requires you to formulate a plan to pay off all or part of your debts, usually within a 3 or 5 year period.  You will also be required to receive debt counseling prior to submitting your plan.  At Price Law Group, we want you to know that Chapter 13 commonly permits you to retain your home and your vehicles, while making installment payments on your debts.  At times, it can allow you to reschedule your debts, including your mortgage, and get these paid per a realistic plan that is approved by the court.  This may be the exact form of financial relief that you need.  

Although the rules and procedures that govern who can file for Chapter 13 and how it is done may be complex, the end result of a new financial start can be more than worth it.  Our firm has helped over 100,000 families to become debt free.  We would like to include you and your family in the group of individuals that we have successfully assisted.  An experienced California bankruptcy lawyer may be the key to achieving your financial goals through Chapter 13 bankruptcy filing.

The Bankruptcy Process

As with other forms of bankruptcy, Chapter 13 begins with a petition to the court.  The court requires complete documentation regarding your assets and liabilities, your current income and expenditures, a statement of your financial affairs and other detailed information.  They will also assess your case to see if you meet all the requirements for Chapter 13.  It is our job to make certain that you are eligible and to prove this to the court.   

Probably the single most important element in Chapter 13 is your debt repayment plan.  It is what creditors and the court will review to ensure that your debts will be paid off on time.  This is one of the many areas where our experience before the court and our past successes can greatly benefit you.  When the court has approved your plan, it becomes your responsibility to see to it that the plan is faithfully executed.  With a proper plan, this should be a goal you are able to reach.

Contact a Chapter 13 Bankruptcy Attorney in California when you are unable to pay your debts and desire a workable plan towards a fresh financial start.