Information about Chapter 13 Bankruptcy
To learn information on Chapter 13 Bankruptcy: How Chapter 13 Bankruptcy Works
A Chapter 13 bankruptcy is an interest free repayment plan were you generally only payback a portion of the consolidated debts. The remaining dischargeable debts that are not paid back within the 36-month or 60-month monthly payment plan are discharged after completing your bankruptcy plan.
By filing Chapter 13 bankruptcy you can:
- Avoid paying and accumulating the interest and penalties that credit cards and personal loans require you to pay monthly. Filing Chapter 13 bankruptcy stops the interest and penalties from accumulating on your debts.
- Stop the foreclosure of your home. Chapter 13 allows you to maintain your home while you repay the mortgage payments that you are behind in..
- Remove your second mortgage from your home. If the value of your home is at or below the amount of your first mortgage then you can strip the second mortgage off your property.
- Cram down your vehicle, so that you only pay what the current market value of the vehicle is worth and not the current loan amount.
- Repay your priority tax liability within your Chapter 13 bankruptcy plan. If you have priority tax debt to the IRS or state your can repay your tax debt within a Chapter 13 plan.
- Stop the repossession of your vehicle. Chapter 13 bankruptcy allows you to maintain your vehicle and repay your vehicle within a Chapter 13 plan. You can consolidate the past due payments and balance of your vehicle into your Chapter 13 plan.
- To learn about specific information for filing Chapter 13 bankruptcy in Orange County or Riverside go to:
- Chapter 13 Bankruptcy Riverside
- Chapter 13 Bankruptcy Orange County
Information on Bankruptcy Alternatives Including: Debt Consolidation & Debt Settlement
Additional Resources
How Does the Bankruptcy Process Work
Chapter 7 Bankruptcy
Chapter 13 Bankruptcy
Student Loans and Bankruptcy
Stop a Wage Garnishment in California
Debt Collection Laws
Bankruptcy lawyer Norma Duenas will make time have a free consultation with you if you take a minute to call us and schedule a your no-cost confidential consultation.
If you need further assistance or to schedule a free phone or in-person consultation, please call us at 866-337-7220 or email us if calling us is not practical or it’s after hours.