Glendora 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 Glendora 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 Glendora 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 financial institutions, and it generally lasts three to 5 years. It uses to pay all or part of your financial obligation from any future earnings you make. You can utilize 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 residential or commercial property that you deem valuable, stop interest from gaining on your tax debt, and far more. When you follow the terms of your contract to repay your financial obligations, all your staying dis-chargeable financial obligations would be released at the end of the payment duration. The monetary amount appointed to creditors under a Chapter 13 bankruptcy need to amount to the quantity they would have gotten if a Chapter 7 bankruptcy had actually been filed. To file Chapter 13 bankruptcy, you must have a “regular income source” and non reusable income to apply to your payments. Especially when you live in Glendora CA or in a nearby city.

Generally, a chapter 13 bankruptcy is used when you want to keep safe assets, such as a car or house, where you have more equity in the secured properties that you can secure by utilizing your bankruptcy exemptions. It’s a reorganization of the financial obligations you owe your creditors that are not non-dischargeable financial obligations.

A Chapter 13 bankruptcy enables you to make up your past due payments in time and to restore your initial payment arrangement. It might also be a much better alternative when you have a valuable non-exempt home that you want to keep. To keep a non-exempt residential or commercial property, you should pay the creditor for the worth of the residential or commercial property.

An exemption limit would apply to any equity you have in the home. Equity is merely a difference in 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 only consists of equity of $1,500. When you have a home 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 choose to keep making your regular 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 financial institution may decide to sell that asset and then distribute the cash 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. Present bankruptcy laws enable a married couple filing together to each claim a full set of exemptions, suggesting more property can be safeguarded. 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 consist of debts for personal injury/death brought on by DWI/DUI, back child assistance, alimony, debts related to household support, student loans, income tax debts within the last 3 years in addition to other tax debts, charges for traffic tickets, criminal restitution, and any financial obligations you forget to list in your bankruptcy papers, unless you notify the creditor of your bankruptcy case. Aside from those non-dischargeable debts, whatever else consisted of in your bankruptcy case will be released at the end of your agreed upon bankruptcy duration.

Learn More About Glendora CA

Services We Offer

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Chapter 11 Bankruptcy

Stopping Foreclosures

Emergency Filings

Map of Glendora 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.