Debt Restructuring

Many people think of Chapter 13 bankruptcy as a debt payment plan. However, it is much more than that. Chapter 13 bankruptcy provides protection from creditors, debt relief and more.

At the Orantes Law Firm, in Los Angeles, lawyer Giovanni Orantes is dedicated to helping consumers throughout Southern California protect their assets and obtain debt relief 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. 

Restructuring Debt Through Chapter 13 Bankruptcy 

When you file Chapter 13 bankruptcy, we will divide your debt into two kinds:

  • Debts that must be repaid in full, such as secured debts and priority tax debts
  • Dischargeable debts such as credit card bills, medical bills and payday loans, for which you have to pay only what you can afford. 

Mr. Orantes will work with you and your creditors to create a payment plan you can actually afford. Looking at your monthly income and expenses, we will determine what you can afford to pay at the end of the month for dischargeable debts. We will create a three- to five-year payment plan with your creditors and at the end of the plan, your remaining dischargeable debts will be wiped clean. Some people may qualify to pay only around $100 per month for three years and discharge up to $360,475 in unsecured debts. (The maximum amount that may be discharged might change over time).

Chapter 13 bankruptcy allows you to restructure debts such as tax debt and mortgage arrearages and pay them off over the three- to five-year period. At the same time, it protects your assets from adverse events such as foreclosure, repossession, and wage garnishment.

Contact Los Angeles Debt Restructuring Lawyer Giovanni Orantes

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) 340-0534 or contact us by e-mail to schedule a free initial consultation and learn more. Se habla español.