Bellflower 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 Bellflower 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 Bellflower 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 payment strategy to your creditors, and it usually lasts 3 to 5 years. It offers to pay all or part of your debt from any future income you earn. You can utilize Chapter 13 to make up missed automobile payments, repay taxes you owe, avoid a bank from foreclosing on your home, keep non-exempt home that you consider valuable, stop interest from gaining on your tax debt, and much more. When you follow the regards to your arrangement to repay your debts, all your remaining dis-chargeable debts would be launched at the end of the repayment duration. The financial amount assigned to financial institutions under a Chapter 13 bankruptcy should be equal to the quantity they would have gotten if a Chapter 7 bankruptcy had actually been submitted. To file Chapter 13 bankruptcy, you need to have a “routine source of income” and disposable earnings to use to your payments. Especially when you live in Bellflower CA or in a nearby city.

Normally, a chapter 13 bankruptcy is used when you wish to keep guaranteed assets, such as a vehicle or house, where you have more equity in the protected properties that you can secure using your bankruptcy exemptions. It’s a reorganization of the debts you owe your financial institutions that are not non-dischargeable financial obligations.

A Chapter 13 bankruptcy enables you to make up your overdue payments in time and to restore your initial payment agreement. It may also be a better alternative when you have an important non-exempt residential or commercial property that you want to keep. To keep a non-exempt residential or commercial property, you must pay the lender for the value of the property.

An exemption limitation would apply to any equity you have in the property. Equity is just a difference between the worth of the property and what you owe on it. For example, if you have a truck valued at $10,000 with a loan of $8,500, the truck just contains equity of $1,500. When you have a residential or commercial property that is held by a loan, the equity you own because home is covered by your exemptions. That is if you are up-to-date on your payments. Also, if you choose to keep making your normal payments on the loan, you can keep the residential or commercial property throughout and after your bankruptcy term is complete. If the equity is not covered by your exemptions, your financial institution may opt to sell that possession then disperse the cash arising from the sale. In this case, you would be entitled to the value of your exemption in the sold-off possession as a money payment. Current bankruptcy laws permit a couple filing together to each claim a complete set of exemptions, indicating 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 debts you can not remove in bankruptcy include financial obligations for individual injury/death caused by DWI/DUI, back child assistance, alimony, debts associated with household assistance, student loans, earnings tax financial obligations 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 inform the lender of your bankruptcy case. Besides those non-dischargeable financial obligations, everything else consisted of in your bankruptcy case will be released at the end of your agreed upon bankruptcy period.

Learn More About Bellflower CA

Services We Offer

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Chapter 11 Bankruptcy

Stopping Foreclosures

Emergency Filings

Map of Bellflower 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

Recent Posts
Drop Us a Note.

Bellflower 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 Bellflower 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 Bellflower 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 strategy to your financial institutions, and it usually lasts three to 5 years. It offers to pay all or part of your financial obligation from any future income you earn. You can use Chapter 13 to make up missed out on vehicle payments, pay back taxes you owe, prevent a bank from foreclosing on your home, keep non-exempt home that you consider valuable, stop interest from gaining on your tax debt, and far more. When you follow the terms of your agreement to repay your debts, all of your staying dis-chargeable debts would be launched at the end of the payment duration. The financial amount designated to financial institutions under a Chapter 13 bankruptcy should be equal to the amount they would have received if a Chapter 7 bankruptcy had actually been filed. To file Chapter 13 bankruptcy, you should have a “regular income” and disposable income to use towards your repayments. Especially when you live in Bellflower CA or in a nearby city.

Usually, a chapter 13 bankruptcy is used when you want to keep protected assets, such as a car or home, where you have more equity in the protected properties that you can safeguard 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 enables you to make up your past due payments with time and to reinstate your initial repayment agreement. It may also be a better option when you have a valuable non-exempt property that you want to keep. To keep a non-exempt home, you need to pay the creditor for the worth of the property.

An exemption limitation would apply to any equity you have in the home. Equity is merely a distinction between the value of the home and what you owe on it. For instance, if you have a truck valued at $10,000 with a loan of $8,500, the truck just consists of equity of $1,500. When you have a residential or commercial property that is held by a loan, the equity you own because property is covered by your exemptions. That is if you are current on your payments. Also, if you decide to keep making your normal payments on the loan, you can keep the home throughout and after your bankruptcy term is complete. If the equity is not covered by your exemptions, your creditor may opt to sell that asset and after that disperse the money resulting from the sale. In this case, you would be entitled to the worth of your exemption in the sold-off possession as a cash payment. Existing bankruptcy laws allow a married couple filing together to each claim a full set of exemptions, implying 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 debts you can not eliminate in bankruptcy include debts for personal injury/death triggered by DWI/DUI, back kid support, alimony, financial obligations related to household support, student loans, income tax debts within the last three years in addition to other tax financial obligations, penalties for traffic tickets, criminal restitution, and any financial obligations you forget to list in your bankruptcy documents, unless you notify the lender of your bankruptcy case. Besides those non-dischargeable financial obligations, everything else included in your bankruptcy case will be discharged at the end of your decided upon bankruptcy duration.

Learn More About Bellflower CA

Services We Offer

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Chapter 11 Bankruptcy

Stopping Foreclosures

Emergency Filings

Map of Bellflower 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

Recent Posts
Drop Us a Note.