In a Chapter 13 bankruptcy, our office works closely with our clients to reorganize their debt and prepare a manageable payment plan. A Chapter 13 bankruptcy process takes longer than Chapter 7 bankruptcy. However, it allows clients several other benefits not available in a Chapter 7, such as:
· The ability to protect additional assets.
· Remove second and third mortgages.
· Stop a foreclosure.
· Set up payments to pay arrearages.
· Repay non-dischargeable IRS/FTB taxes, without interest.
Reginald Hindley, Attorney at Law, has been helping clients file for Chapter 13 Bankruptcy for over 25 years. When clients contact our firm for assistance, we work closely with them to explain their options and help them through the bankruptcy process. Our staff is friendly and informative and available to assist you on the phone, via email, or in person. You will receive prompt, personal service and we strive to help our clients feel less stressed about their financial situation. Many law offices do not have the support staff to answer the phone and emails quickly, but we have staff available Monday through Friday from 9 a.m. to 5 p.m. to assist you. Contact the firm online or call 707-575-3700 or 707-542-4200 to schedule your free initial consultation with a California bankruptcy lawyer. We represent clients throughout the North Bay with offices in Santa Rosa and San Francisco. You can also reach us at 415-202-0800.
Filing for Chapter 13 Bankruptcy
Under Chapter 13 bankruptcy, clients work with their attorney to create a repayment plan for their debt. The Chapter 13 Plan is based on monthly income and expenses. The repayment plan is submitted to the court, and there is a meeting with the bankruptcy trustee assigned to your case. Once the payment plan is approved by the court, clients make payments for 3-5 years. Any remaining unsecured debt goes away and is discharged at the end of the payment plan.
Benefits of Chapter 13 Bankruptcy
Filing for Chapter 13 bankruptcy helps clients eliminate second and third mortgages, and also may reduce vehicle loans to present day value. You do not need to give up any personal property.
Bankruptcy will stop collection calls, lawsuits, foreclosures, wage garnishments and repossessions. Bankruptcy can discharge unsecured debts like credit cards and medical bills, and generally clients are able to retain their vehicles, personal possessions and homes.