Jump to Navigation

Southern California Consumer Bankruptcy Lawyer

Chapter 7 and Chapter 13 bankruptcy can provide real relief from unmanageable debts for many people. However, many people have misconceptions about what these debt relief tools can accomplish. You owe it to yourself to learn about the advantages and disadvantages that Chapter 7 and Chapter 13 can provide.

 

Giovanni Orantes is a Los Angeles bankruptcy attorney with extensive experience helping people get real debt relief. Mr. Orantes can provide you with honest answers and straightforward advice concerning debt relief solutions.

 

To schedule a free consultation about a possible bankruptcy filing, contact Orantes Law Firm

 

What Chapter 7 Bankruptcy Can Do

 

Chapter 7 bankruptcy is often called a “fresh start” bankruptcy. With Chapter 7:

 

  • Foreclosure, repossession, garnishment and collection actions stop when you file.
  • You can completely discharge unsecured debts such as credit card debts, medical bills and personal loans.
  • Most people can keep all of their property, through the available
    California property exemptions.
  • You can retain ownership of vehicles or other property purchased with financing through a reaffirmation agreement.
  • You can discharge certain tax debts.
  • Your final discharge will occur four to five months after you file.
  • Certain debts, including student loans, child support and alimony obligations, cannot be discharged.

 

If you do not qualify for Chapter 7 bankruptcy, you may still be able to file a Chapter 13 or Chapter 11 bankruptcy.

 

What Chapter 13 Bankruptcy Can Do

 

Chapter 13 bankruptcy is properly referred to as a debt reorganization plan. With Chapter 13:

 

  • Foreclosure, repossession, garnishment and collection actions stop when you file.
  • You will receive an affordable three- to five-year debt repayment plan.
  • At the end of your repayment period, your remaining unsecured debts will be discharged.
  • You can roll past due mortgage payments into your repayment plan.
  • Second and third mortgages can be stripped.
  • You can keep property purchased with financing, provided that you can make your payments.
  • You can discharge certain tax debts. Non-dischargeable tax debts can be rolled into your payment plan.
  • Certain debts, including student loans, child support and alimony obligations, cannot be discharged.

 

Contact a Lawyer

 

To learn more about the bankruptcy process and your debt relief options, contact Orantes Law Firm

 

Se habla español

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

How Can We Help You?

Bold labels are required.
Contact Information

disclaimer.
Please leave this field empty.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Our Latest Blog Posts

Need help? Email Us Here! Live Chat

← Prev Step

Thanks for contacting us. We'll get back to you as soon as we can.

Please provide a valid name, email, and question.

Powered by LivelyChat
Powered by LivelyChat Delete History