Filing for Chapter 13 in California
The word "bankruptcy" used to be associated with failure. Today, this is no longer the case. Many people are finding that Chapter 13 bankruptcy is a realistic option when they are experiencing financial difficulties. At Sobti Law Group, we encourage you to look at all of your options regarding your debt.
If you are seeking an experienced attorney for sound legal advice, contact us at 888-627-8013 or e-mail us to discuss your financial troubles. We will let you know if Chapter 13 is the best option for you. We are located in Beaumont, Corona and Orange, California, and we provide free initial consultations.
What is Chapter 13 Bankruptcy?
In a Chapter 13 bankruptcy, we will help you create a payment plan with your creditors that will outline how you will pay back a portion of your debt over a three to five-year period. The plan will be based on your income and expenses, so you will still be able to afford your necessary expenses each month. After the repayment period is over, the remainder of your qualifying debt will be discharged. Debts that are eligible for discharge under Chapter 13 are as follows:
- Credit card debt
- Consumer debt
- Other unsecured debts
- Medical bills
- Department store cards
- Cell phone bills
The Automatic Stay
At Sobti Law Group, we know that Chapter 13 bankruptcy is an effective option for people who want to prevent foreclosure. When you file, an automatic stay prevents creditors from trying to collect what you owe and provides you with time to modify your home loan.
Call us at 888-627-8013 to find out how we can help you keep your home. You can also contact us online to schedule a free consultation and learn more about bankruptcy with our established lawyer.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
