Los Angeles Chapter 13 Bankruptcy Lawyer

If you have a home and are considering filing for bankruptcy under Chapter 13, a Los Angeles bankruptcy attorney can help. Financial hardship can be especially tough for those with families or homes who are facing foreclosure. If you feel overwhelmed with debt, bankruptcy can be a good option for you to give you and your finances a “fresh start” and discharge your debt from medical bills, credit cards, or hefty loan payments. Chapter 13 is sometimes called the “re-organization” bankruptcy because it can be similar to a consumer debt repayment plan.

By filing for Chapter 13 you propose a plan for restructuring your debts and propose a repayment plan to a single trustee, who then distributes your payments to your various creditors. Many times when you file for Chapter 13 you are only paying back a fraction or your original debt amount by negotiating with your creditors, and your monthly payments will probably be much lower than your payments before you filed for Chapter 13. After your payment plan is accepted you must stick to your proposed plan for 3-5 years. After that the rest of your unsecured debts could be discharged! Filing for Chapter 13 can stop the foreclosure process on your home and provide a debt solution to individuals and families who have too high of an income to qualify for Chapter 7.

Are you in need of a Chapter 7 attorney in Los Angeles?

The Law Offices of J. Arthur Roberts urge you to seek counsel from a qualified Los Angeles bankruptcy lawyer, especially if you are considering filing for Chapter 13 bankruptcy. Chapter 13 filings can be very complicated, and it’s important to work with an experienced bankruptcy attorney to make sure it’s the best option for your financial situation.

If you are considering filing for Chapter 13, please contact J. Arthur Roberts to consult with an experienced Los Angeles bankruptcy attorney .