Filing for A Chapter 13 Bankruptcy?

Chapter 13 bankruptcies are the bankruptcy alternatives for those individuals who, while needing to file for bankruptcy and are ineligible for chapter 7 bankruptcies, also have a steady income and can repay some of the debt that they owe to the companies over time. Filing for bankruptcy is an intimidating and lengthy process in which many different factors are taken into consideration for both the disqualification form Chapter 7 bankruptcies and for qualification for Chapter 13 bankruptcies. If you are considering filing for bankruptcy in order to stop collection calls, eliminate wage garnishment and finally settle your debt, a Los Angeles bankruptcy lawyer can offer you the legal guidance you need to properly prepare your case and information.

A Chapter 13 bankruptcy consolidates your debt and restructures it so that one payment is made toward a plan that aims at eliminating the debt in three to five years' time. The consolidated debt is part of a plan that is submitted to the Court and must have approval in order to be enacted and valid. Certain assets are also exempt from the terms of the bankruptcy filing and if presented properly, even a home that you own can be determined exempt from the debt payment program.

Chapter 13 Bankruptcy Lawyer in Los Angeles

Many factors affect Chapter 13 bankruptcies including your debt, income, assets and property. It is extremely important that during the bankruptcy proceedings you have expert representation from an attorney who knows the best way to safeguard your interests. If you are considering filing for bankruptcy, contact Pacific Attorney Group. We have years of legal experience and can offer you dedicated, aggressive representation that will help you reach the best possible outcome for your case.

Contact a Los Angeles Chapter 13 Bankruptcy Attorney at our offices today for a free consultation.