Orange County Chapter 13 Lawyer – Anaheim Chapter 13 Lawyer – Santa Ana Chapter 13 Attorney
Although an Orange County Chapter 13 bankruptcy is different in many respects when compared to a Chapter 7, you still are not obligated to repay your unsecured creditors. Chapter 13 of the bankruptcy code only requires you pay the ones you can afford to pay. Generally, the bankruptcy payments will be significantly lower than your total monthly payments before bankruptcy. If you do not qualify for a Chapter 7, we strongly recommend you seek Chapter 13 bankruptcy protection. Your Orange County bankruptcy attorney will give you all the options and advise you on which debt relief plan is right for you.
DON’T WAIT
CALL NOW FOR FINANCIAL FREEDOM AND A FRESH START.
At The Law Office Of Harold D. Thompson Our Experienced Orange County Bankruptcy Lawyers Can File Your Chapter 7 Or Chapter 13 Debt Relief Plan. Call Our Office Today At 888.665.8330 Or Email Us For A Free Case Evaluation.
An Orange County Chapter 13 bankruptcy is essentially a debt reorganization tool whereby you create a plan with the Chapter 13 trustee that will on some level satisfy your debt to your creditors. We like to think of the this a “the proper debt consolidation.” Instead of paying your Orange County creditors each month, you will make one payment to the trustee. The bankruptcy trustee then distributes the money to your creditors based on the terms of the plan. By filing for Orange County Chapter 13 bankruptcy protection you can continue to pay off the debts while lowering your payments and consolidating your debt. In most Anaheim bankruptcy cases, your plan will last anywhere from 3 to 5 years giving you a good opportunity to build a solid track record of repayment.
Your Orange County bankruptcy lawyer will provide you with a free consultation in your area of Orange County to discuss which bankruptcy filing, Chapter 7 or Chapter 13, is right for you. It is important that you hire an experienced lawyer that has filed many cases. Often times it is the myths and apprehensions about filing bankruptcy that are the most difficult for clients to deal with. At the Law Office of Harold D. Thompson we can guide you through the process without judgment. Our only purpose is to help you get the financial freedom you deserve. Our experienced bankruptcy lawyers can take you through each step of the Chapter 7 or Chapter 13 process. Further, we offer some of the most competitive attorney rates in California.
Although an Orange County Chapter 13 bankruptcy is more complicated than a Chapter 7 bankruptcy, some people will not qualify for a Chapter 7. If your income is too high under the means test, you have too many assets, you have filed for Chapter 7 bankruptcy relief in the last eight years or have an existing tax lien that cannot be removed in a Chapter 7, than an Orange County Chapter 13 bankruptcy is right for you. You will be completely debt in 3 to 5 years.
As Orange County Bankruptcy lawyers, we can tell you that Chapter 13 has many advantages over Chapter 7. For example, you can stop a foreclosure, keep your home and cure your late mortgage payments as long as you stay current with your Chapter 13 plan payments. Further, you take other secured debts as pay them off over a longer period of time and at payments much lower than you might otherwise have had.
Like we said above, an Orange County Chapter 13 is the right way to do debt consolidation. If you go with a consolidation company all they will do is stretch the term of the debt out longer. This is not the way to go. An Orange County bankruptcy attorney can thoroughly explain the the pros and cons of bankruptcy protection.
As with any bankruptcy filing, after filing a Chapter 13 petition, your creditors must stop any collections efforts against you. By filing an Orange County Chapter 13 you will immediately stop:
As Orange County Bankruptcy Lawyers helping people with Chapter 7 & Chapter 13 debt relief we are proud to serve the following areas: Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda
If you need further information please visit our other websites at San Diego Bankruptcy Lawyers or San Diego Mold Lawyer Blog or My San Diego Bankruptcy.