Azusa Chapter 13 Lawyer

Do You Need a Chapter 13 Bankruptcy Attorney?

It’s time to consider bankruptcy if your life has been taken over by looming foreclosure, constant badgering phone calls from creditors, lawsuits or garnishments of your wages or property. Or maybe your debt has you trapped due to the amount of each payment and the extent of the debt. There are many kinds of debt that can get you into these situations, including medical bills, credit card balances, falling behind on your mortgage, loans and back taxes owed to the government and even car repossessions.

Chapter 13 Bankruptcy Lawyers Near Me in Azusa CA

Experienced, professional bankruptcy attorneys understand the difficulties and worries you face. We know your best options. We are here to help and will work with you to alleviate your financial uncertainty. Even before your bankruptcy petition is filed, an attorney can help shield you from creditor harassment. In a non-judgmental and supportive way, we can help you understand your options, the process of filing for bankruptcy, and help lift the burden of financial uncertainty.

Free Bankruptcy Consultation – Call Now (855) 997-4655

Los Angeles County Bankruptcy Attorney, The Bankruptcy Experts, are dedicated BK Lawyers with over 10 years experience in dealing with the complex issues concerning bankruptcy. We have the skills and expertise to handle any type of bankruptcy problems you might be experiencing. We proudly offer our services to businesses and individuals throughout Los Angeles and the surrounding areas.

More About Hiring a Chapter 13 Bankruptcy Attorney in Azusa CA

You may feel hopeless, and at the mercy of a faltering economy, but don’t despair. Relief is available, and there is no shame in using the law to protect yourself when you are buried under a pile of debt. You aren’t responsible for the economy, and you didn’t create the mortgage crisis. So use the law to protect yourself and your family.

A Second Chance

Bankruptcy laws are in place to help Americans get a second chance when they are snowed under by economic pressures. You have rights, including the right to be free from harassment by creditors. If your creditors are hounding you, you can make them pay. And if your debt has become more than you can manage, you may be able to file for bankruptcy.

Best Bankruptcy AttorneyIn Chapter 13 bankruptcy, you propose a repayment plan to your creditors, and it generally lasts three to 5 years. It uses to pay all or part of your debt from any future income you make. You can utilize Chapter 13 to make up missed cars and truck payments, repay taxes you owe, prevent a bank from foreclosing on your home, keep non-exempt residential or commercial property that you deem important, stop interest from gaining on your tax debt, and a lot more. When you follow the terms of your contract to repay your debts, all your remaining dis-chargeable financial obligations would be launched at the end of the repayment duration. The financial amount assigned to financial institutions under a Chapter 13 bankruptcy need to amount to the amount they would have gotten if a Chapter 7 bankruptcy had been filed. To file Chapter 13 bankruptcy, you should have a “regular income” and disposable income to use towards your payments. Especially when you live in Azusa CA or in a nearby city.

Generally, a chapter 13 bankruptcy is utilized when you want to keep protected assets, such as a cars and truck or house, where you have more equity in the secured assets that you can secure by using your bankruptcy exemptions. It’s a reorganization of the debts you owe your lenders that are not non-dischargeable financial obligations.

A Chapter 13 bankruptcy allows you to make up your overdue payments with time and to restore your original repayment contract. It may likewise be a much better option when you have a valuable non-exempt residential or commercial property that you wish to keep. To keep a non-exempt home, you should pay the lender for the worth of the home.

An exemption limit would apply to any equity you have in the property. Equity is just a distinction between the value of the home and what you owe on it. For instance, if you have actually a truck valued at $10,000 with a loan of $8,500, the truck only includes equity of $1,500. When you have a home that is held by a loan, the equity you own in that property is covered by your exemptions. That is if you are up-to-date on your payments. Likewise, if you decide to keep making your regular payments on the loan, you can keep the residential or commercial property throughout and after your bankruptcy term is total. If the equity is not covered by your exemptions, your lender might choose to sell off that asset and after that disperse the money arising from the sale. In this case, you would be entitled to the worth of your exemption in the sold-off asset as a cash payment. Current bankruptcy laws allow a married couple filing together to each claim a complete set of exemptions, suggesting more residential or commercial property can be protected. All of this is common in California and throughout the region, and remember, the time to do something is now.

The non-dischargeable financial obligations you can not remove in bankruptcy consist of financial obligations for personal injury/death caused by DWI/DUI, back child support, alimony, financial obligations related to family support, student loans, income tax debts within the last 3 years along with other tax financial obligations, penalties for traffic tickets, criminal restitution, and any debts you forget to list in your bankruptcy documents, unless you notify the financial institution of your bankruptcy case. Aside from those non-dischargeable financial obligations, whatever else included in your bankruptcy case will be released at the end of your decided upon bankruptcy duration.

Learn More About Azusa CA

Services We Offer

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Chapter 11 Bankruptcy

Stopping Foreclosures

Emergency Filings

Map of Azusa CA

Our Address

The Bankruptcy Experts
1605 W. Olympic Blvd. Suite 1024
Los Angeles, CA 90015

Office Hours

Monday – Friday: 8:00am – 6:00pm

Saturday: 10:00am – 4:00pm

Sunday: Closed

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