Find Out How Chapter 13 Bankruptcy Can Provide Debt Relief
For those who are seeking debt relief and help with saving their homes but may not qualify for Chapter 7 under the bankruptcy means test, an effective option is Chapter 13 bankruptcy. Chapter 13 bankruptcy is similar to Chapter 7 bankruptcy, in that it allows a debtor to keep assets like homes or cars but also provides a three- to five-year repayment plan. Chapter 13 bankruptcy filings are generally best for those debtors who need debt relief but still have a regular stream of income.
We can discuss Chapter 13 bankruptcy and how it can help solve your debt problems at the Law Offices of Buckey & Schurter. We have been helping people get debt relief through Chapter 13 bankruptcy filings since 1994. Talk with one of our experienced Corona Chapter 13 bankruptcy lawyers today. We have Southern California offices in Corona and Riverside.
We will work closely with you in creating a comprehensive financial plan in order to effectively resolve your debt problems. Contact us today to schedule your free initial bankruptcy consultation. We can discuss whether Chapter 13 bankruptcy is the right option for you.
The Chapter 13 Repayment Plan
Chapter 13 bankruptcy is sometimes referred to as "debt reorganization" bankruptcy. This is because when a debtor files for Chapter 13 bankruptcy, he or she will have 30 to 45 days to submit a repayment plan for court approval. Essentially, unsecured debt is restructured and placed in a monthly payment plan. Once approved, the repayment plan is usually three- to five-years long and can allow a debtor to even reduce or eliminate some debt.
Other advantages of Chapter 13 bankruptcy include placing an "automatic" stay on creditors. This puts an immediate halt on creditor phone calls, creditor harassment, judgments, liens and garnishments as well as home foreclosure. If Chapter 13 bankruptcy is the right option for you, we can help you restructure your debt and create a repayment plan that works best for you. Our attorneys will be there every step of the way, including assistance with life after bankruptcy.
Speak to a Riverside Unsecured Debt Attorney
For solutions to your consumer debt problems, call 951-893-5394, toll free 888-591-8958 or contact us online to reach our firm. Schedule a free initial consultation with skilled Riverside, California, unsecured debt attorneys. We can help you with your credit card debt and medical debt through bankruptcy solutions.
