Chapter 13 Establishes A Debt Repayment Plan
The California Law Office of Alec Harshey provides diligent bankruptcy representation. Our lawyers possess sophisticated knowledge of the Chapter 13 debt reorganization process. We understand that many individuals have the option to file either Chapter 7 or Chapter 13. We will evaluate your situation from every angle to determine the best course of action.
Chapter 13 Basics
Chapter 13 is basically a debt repayment plan that allows you to repay certain debts within a three-year or five-year time period. As with Chapter 7, you receive an automatic stay, which stops all creditor harassment and legal actions against you, which can include wage garnishment, bank levies and can even stop foreclosure. Notably, you may be able to strip a second mortgage in a five-year plan.
Our lawyers dedicate necessary time and resources to evaluating clients’ cases. We are led by attorney Alec Harshey, who knows the appropriate questions to ask, as well as the factors that need to be considered before directing clients into bankruptcy protection.
Protecting Your House And Car
If you are behind on your mortgage or car payments, you may be able to prevent foreclosure or repossession under Chapter 13. Qualified individuals can place their car payments into their reorganization, allowing them three to five years to catch up. Additionally, if you propose a confirmed plan and are able to maintain mortgage payments during your reorganization timeline, you can place your mortgage arrears in the plan and keep your house.
Call Our California Bankruptcy Law Firm
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.