Long Beach, California, Chapter 13 Bankruptcy Lawyers
Orange County — Los Angeles County — Long Beach, California
Chapter 13 bankruptcy differs from Chapter 7 bankruptcy in several readily understandable ways. In Chapter 13 bankruptcy:
- The participant retains all property.
- The participant's income exceeds expenses, leaving some disposable income, which must be used to pay off debt.
- Existing debts are reorganized and paid off through a three- to five-year court-approved repayment plan proposed by the participant.
Chapter 13 bankruptcy offers several key advantages to the participant, including the halting of creditors' attempts to collect on debt, the retention of all property, the reduction of monthly debt payment amounts and, ultimately, freedom from debt.
Chapter 13 bankruptcy is highly effective and advantageous in many circumstances. Participants do not have to be current on home payments in order to file for Chapter 13 bankruptcy and keep their home. No property liquidation occurs. In addition, the balance of debts is discharged at the end of the three- to five-year debt repayment plan.
If you are considering filing for bankruptcy or have questions about which bankruptcy option will work best in your situation, contact the Long Beach, California, bankruptcy law firm of Brand & Spellman, P.C. We have counseled hundreds of people regarding bankruptcy and can effectively and aggressively handle your bankruptcy filing, seeking the best possible outcome for you.
Questions Regarding Chapter 13 Bankruptcy? Contact the Bankruptcy Attorneys of Brand & Spellman, P.C., at 562-375-0317 or 866-345-2440.
Firm attorneys Donny Brand and Alex Spellman work hard to handle the bankruptcy and bankruptcy-related legal matters of our clients. We can file all required court documents, attend hearings, provide counsel, help you establish payment terms and discharge debts. To learn more about Chapter 13 bankruptcy options, consumer debt relief and credit card debt relief, contact our firm for a free initial consultation.
Contact Us Today for a Free Initial Consultation
For answers to your Chapter 13 bankruptcy options, contact Brand & Spellman, P.C. We offer flexible evening and Saturday appointments, are open until 6 p.m. Monday through Friday and speak Spanish. Contact us online, call us at 562-375-0317 or 866-345-2440, or visit our office. We are conveniently located near California State University Long Beach and are easily accessible from I-405, the 22, the 710 and the 91.
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