Chula Vista Bankruptcy Attorney: Chapter 13 Bankruptcy in California

A debt consolidation, reorganization, and repayment plan under Chapter 13 bankruptcy could be the answer to your financial worries.

 

You've analyzed your options and decided to file for bankruptcy in California - but now what? You may know that most personal bankruptcies either fall into the category of Chapter 7 bankruptcies or Chapter 13 bankruptcies, but the difference between the two options can be hard to understand.

 

Very basically, Chapter 7 bankruptcy, or liquidation bankruptcy, is geared to those without many assets or a regular source of income, while Chapter 13 bankruptcy is structured to help those in debt who may own property and hold down a steady job.

 

Chapter 13 bankruptcy could be an ideal choice for you if:

 

  • You are employed or have a regular income.
  • You own a home or have a significant amount of non-exempt property.
  • You are behind on your mortgage or car payments.
  • Your home is in foreclosure or in danger of foreclosure.
  • You have a second mortgage and are interested in lien stripping.
  • You do not qualify for Chapter 7 bankruptcy under the means test.
  • You are interested in working towards paying off your debts and can commit to a long-term financial plan.
  • You are interested in making a single monthly payment to a trustee instead of juggling all of your creditors.

 

With Chapter 13 bankruptcy, debtors are assisted by the court in reorganizing their debt and creating a three to five year repayment plan based on their income. After the repayment period is over, your remaining qualifying debts, such as personal debts and credit card debt, are discharged.

 

The Chapter 13 bankruptcy option, which is sometimes referred to as wage earner's bankruptcy, has a number of unique benefits. The biggest advantage to Chapter 13 bankruptcy is that you may choose to keep both exempt and non-exempt properties, such as your home, second houses, cars, boats, or other items. The other significant advantage of Chapter 13 bankruptcy is that it allows you to delay foreclosure and consider lien stripping. Finally, many filers appreciate the opportunity to take responsibility and pay back some of their debts to their creditors over a series of years.

 

The best way to know for sure if Chapter 13 bankruptcy is the right choice for you is to speak with a California bankruptcy lawyer today.

 

Even after you have determined that Chapter 13 bankruptcy is the right choice for you and your family, a number of other important decisions are still to come, such as whether or not you want to keep your home and whether or not you should consider lien stripping. These questions can have hard answers and depend on a number of legalities. Once you have decided that bankruptcy is the right decision for your financial future, we recommend that you speak to a bankruptcy attorney about your options.

 

Kerry Denton has helped hundreds of clients over the past two decades answer these questions, successfully file for bankruptcy in Southern California, and get a new start in life. Chapter 13 bankruptcy is only appropriate for some people, and it takes considerable discipline and strength to face your debts and complete your repayment plan. Southbay Bankruptcy can assist you in better understanding the process - and then guide you through that process every step of the way.

 

Would you like to learn more about whether or not you are a good candidate for Chapter 13 reorganization bankruptcy in California? Are you wondering if you could declare bankruptcy in San Diego and still keep your home? Call Southbay Bankruptcy today at (619) 421-1000, or fill out the electronic contact form on this page to schedule an appointment with Kerry Denton today.



The Southbay Bankruptcy law office is located in Chula Vista, California, and bankruptcy attorney Kerry Denton accepts clients living throughout San Diego County, including residents of San Diego, Chula Vista, National City, Imperial Beach, Bonita, Coronado, San Ysidro, Spring Valley, La Mesa, and El Cajon.



Blog for Chapter 13 Bankruptcy

Library for Chapter 13 Bankruptcy:

View All

Case Results for Chapter 13 Bankruptcy:

Videos about Chapter 13 Bankruptcy:

Free Consultation

Name:*

Phone:*

Email:*

Tell us more:*


Kerry A. Denton, A.P.L.C.

231 Fourth Avenue
Chula Vista, CA 91910
Phone: 619-421-1000
Toll Free: 888-478-0168
Get Directions

Connect with Us

NACBA LinkedIn Avvo

Testimonials

  • "I would absolutely recommend Mr. Denton..."
  • "...it truly made me feel as if I was his only client."
  • "...with Mr. Denton’s help and knowledge I was able to go through with it and get myself out of debt rather easily."
  • "Mr. Denton was always available for any questions..."
  • "Everyone at Southbay bankruptcy was so helpful and understanding..."
  • "...I appreciate your help more than you can imagine."

View All