Debt problems come from many sources. Maybe you are in the midst of an expensive divorce. Maybe your loved one suffered a medical emergency. Whatever your situation, a San Diego Chapter 13 bankruptcy lawyer can give you the debt relief you need.
San Diego Chapter 13 Bankruptcy Attorneys
At San Diego Debt Relief, our chapter 13 attorneys represent people throughout the greater San Diego area and southern California struggling with debt. Since 2001, attorney Brian McGoldrick has helped more than 2,000 clients achieve debt relief. Email us or call 949-243-7619 or toll free at 888-755-2559
What is Chapter 13 Bankruptcy
Chapter 13 bankruptcy gives people who do not qualify for Chapter 7 bankruptcy the opportunity to obtain debt relief through debt reorganization. Instead of discharging debts right away, it reorganizes them into a payment plan to be paid over three to five years. Once complete, all remaining qualified unsecured debts in the plan are discharged.
A Chapter 13 bankruptcy claim will incorporate debts like:
- Medical bills
- Vehicle loans
- Credit card debt
- Certain student loans
- Personal loans
- Homeowners' association fees
You can also include past due domestic orders, such as child support, and certain back-due taxes in your plan, but they must be paid back in full by the completion of the plan.
You will still be responsible for all normal monthly bills, such as your mortgage payment, car payment and utility bills. However, you will only need to make one monthly payment to your bankruptcy trustee, who will disperse it among all creditors in the plan.
Preventing a Foreclosure With Chapter 13 Bankruptcy
Chapter 13 bankruptcy often works well for those who wish to protect their homes from foreclosure. While you cannot put a primary mortgage into your repayment plan, if the amount you owe on your first mortgage is greater than the current market value of your home, you can include a second mortgage in your plan. Once the payment plan is complete, the second mortgage will be discharged. This is known as "lien stripping."
Bankruptcy automatically halts all collection procedures and foreclosure, giving you time to consider your options. San Diego Chapter 13 bankruptcy lawyer help you understand those options so you can make informed decisions about how to proceed.
Contacting a San Diego Chapter 13 Bankruptcy Attorney Today!
Let our Chapter 13 bankruptcy attorneys help you get the debt relief you need. Call us at 949-243-7619 or toll free at 888-755-2559 to schedule your free initial consultation. Our entire staff speaks both English and Spanish. You can also contact one of our Contact us online. Our lawyers can get your case started for little to no money down. Se habla español.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.
