Chapter 13 Bankruptcy in Oakland
Chapter 13 is especially helpful for those who have significant equity in a home or other property and want to keep it. It is a repayment plan that gives you a protection period from 3-5 years to pay off your debt.
Our skilled bankruptcy attorneys safeguard you through the entire Chapter 13 bankruptcy filing process from start to finish. We offer you the highest quality legal services in a compassionate, confidential, and cost efficient manner.
What Chapter 13 Bankruptcy means to you
Things you should know about filing for Chapter 13 Bankruptcy:
- It offers you the opportunity to save your home from foreclosure.
- It is an opportunity for those with regular income to adjust relationships with creditors while retaining all of their property.
- It permits the debtor to file a plan in which the debtor agrees to pay a certain percentage of future income to the bankruptcy court trustee for payment to creditors.
- You can reschedule secured debts (other than a mortgage for a primary residence) and extend them over the life of the Chapter 13 plan, which may lower payments.
- You have the protection of the bankruptcy court during the period you are repaying your debts.
- Creditors are prohibited from taking any action to collect their debts or seize your property.
- Creditors cannot seek to collect their claims from co-debtors.
- Individuals obtain a discharge of a broader variety of debts than they could under Chapter 7.
For a free consultation regarding Chapter 13 bankruptcy, contact our bankruptcy attorneys in Oakland today at 510-893-4111 ext. 180.
