Chapter 13

You want to be able to pay off your debts, but there may come a time when you realize you cannot do it under the current conditions. Whether you are facing foreclosure or are facing creditor harassment, Chapter 13 bankruptcy could give you the time and resources to protect your assets and get the relief you need. At the Orantes Law Firm, in Los Angeles, lawyer Giovanni Orantes is dedicated to helping individuals throughout Southern California obtain relief from debt and protection from creditors by filing Chapter 13 bankruptcy. We offer a free initial consultation to look at the challenges you face and give you honest answers about your rights and options. 

Filing for Chapter 13 bankruptcy provides immediate and long-term solutions. When you file, you receive an automatic stay, which immediately stops issues such as collection on lawsuit judgments, foreclosure, creditor harassment, and wage garnishment. 

Learn about Chapter 13 bankruptcy: 

• Debt restructuring: When you file Chapter 13 bankruptcy, we will help you create a three- to five-year payment plan to discharge your debts.  You only pay what you can afford – basically, in exchange for what you have left-over after you pay your reasonable living expenses, you can discharge up to $360,475.  Since many of us have little left after we pay our expenses, you may pay a very small percentage to your creditors, if anything, and still get relief from your debts. At the end of the plan, your remaining dischargeable debts will be wiped clean.
• Differences between Chapter 13 bankruptcy and debt consolidation: Chapter 13 bankruptcy differs from so-called debt consolidation plans in that it offers you the full protection of U.S. bankruptcy laws – importantly, no creditor can sue you or otherwise harass you just because they do not want to be part of your plan.  If you satisfy the Chapter 13 requirements, creditors have no choice but to be bound by your plan.
• Second mortgage lien stripping: In some cases, liens can be stripped from second mortgages when you file Chapter 13 bankruptcy.

We understand the full range of bankruptcy options you have at your disposal. If you do not have significant assets you need to protect, you may want to consider Chapter 7 bankruptcy. If you have more than $360,475 in unsecured debt and more than $1,081,400 in secured debts, Chapter 11 bankruptcy may be an option for you.

Contact Our Los Angeles Debt Restructuring Law Firm

You do not have to risk losing everything you have built up in order to obtain relief from debts. You just have to talk to a Los Angeles Chapter 13 bankruptcy attorney who can help you consider your options. Call (213) 340-0534or contact us by e-mail to schedule a free initial consultation and learn more. Se habla español.