Los Angeles Chapter 13 Bankruptcy Attorney

Information on Chapter 13 Bankruptcy

Chapter 13 bankruptcy is an opportunity to resolve serious debt problems. Depending on your income, assets, amount of debt, and other factors, you may not be eligible to file for Chapter 7 bankruptcy, which discharges all or most of your debt without repayment. Chapter 7 bankruptcy is reserved for low income individuals, who pass a means test. However, you still have the option of Chapter 13 bankruptcy, which sets up a structured repayment plan, wherein you make one monthly payment that goes towards paying off your various debts, and at the end of a set 3 to 5 year period, the remainder of your debts are discharged. Chapter 13 bankruptcy is a good option for individuals who have a higher than average income, and a higher than average amount of debt. To find out more about Chapter 13 bankruptcy, or to see if you are eligible for Chapter 7 bankruptcy, contact a Los Angeles bankruptcy attorney from our firm today.

If you file for bankruptcy, you will need an experienced attorney to represent you in bankruptcy court. An attorney can handle your debt litigation in court, as well as your debt negotiation with your creditors, with the goal of further reducing the amount of debt you are responsible for paying off. One of the benefits of Chapter 13 bankruptcy is that through evaluating your monthly income and expenditures, you will never be asked to make a monthly payment that is out of your range of affordability. You will be able to make the payment and work towards paying off your debt. Eventually, the remainder of your financial obligations will be discharged, and you can move forward free from the burden of debt.

Chapter 13 Bankruptcy Attorney Serving Los Angeles and Surrounding Areas

An experienced attorney from Matthews Law Firm can evaluate your case for you and help you determine the best course of action in your individual situation. We will help you every step of the way, from filing for bankruptcy, through litigation and negotiation, all the way through discharging your debt and the process of credit restoration. Contact us today to get started.

Contact a Los Angeles Chapter 13 bankruptcy attorney f rom our firm today to discuss your options for getting out of debt.