Stevenson Ranch 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 Stevenson Ranch 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 Stevenson Ranch 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 lenders, and it normally lasts three to 5 years. It offers to pay all or part of your debt from any future income you make. 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 house, keep non-exempt home that you deem valuable, stop interest from gaining on your tax financial obligation, and much more. When you follow the terms of your arrangement to repay your financial obligations, all your staying dis-chargeable debts would be launched at the end of the payment duration. The monetary quantity designated to creditors under a Chapter 13 bankruptcy should be equal to the quantity they would have gotten if a Chapter 7 bankruptcy had been filed. To file Chapter 13 bankruptcy, you should have a “regular source of income” and disposable income to apply to your repayments. Especially when you live in Stevenson Ranch CA or in a nearby city.

Generally, a chapter 13 bankruptcy is utilized when you want to keep safe assets, such as an automobile or house, where you have more equity in the secured properties that you can protect by 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 permits you to make up your past due payments over time and to restore your initial payment agreement. It might likewise be a better alternative when you have a valuable non-exempt residential or commercial property that you want to keep. To keep a non-exempt residential or commercial property, you should pay the financial institution for the value of the residential or commercial property.

An exemption limitation would apply to any equity you have in the residential or commercial property. Equity is just a distinction in between the value of the property and exactly 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 contains equity of $1,500. When you have a property 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 typical 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 might decide to sell that property and then disperse the cash arising from the sale. In this case, you would be entitled to the worth of your exemption in the sold-off property as a money payment. Existing bankruptcy laws allow a married couple filing together to each claim a complete set of exemptions, meaning more 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 kid assistance, spousal support, financial obligations related to household support, student loans, earnings tax debts within the last three years along with other tax debts, 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 debts, everything else included in your bankruptcy case will be discharged at the end of your decided upon bankruptcy duration.

Learn More About Stevenson Ranch CA

Services We Offer

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Chapter 11 Bankruptcy

Stopping Foreclosures

Emergency Filings

Map of Stevenson Ranch 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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