Orange County Chapter 13 Attorney
Reorganization of Debt
Chapter 7 is the most common type of bankruptcy declared among individuals in the
United States, many individuals also file Chapter 13. Often if you are
not eligible for 7, you could be qualified to declare 13. In this type
of bankruptcy, your debt is not cleared but is instead
restructured and consolidated in order to give you one manageable monthly payment in a scheduled agreement
that could last from
3 to 5 years, depending upon your debts and your situation. If it is impossible to
repay your debt within a reasonable amount of time, you may be eligible
to declare Chapter 13.
The Law Office of Bruce C. Bridgman, there are many professional, qualified, and experienced
Orange County bankruptcy lawyers on call to help you.
Mr. Bridgman and his team believe that
everyone deserves a chance to get their finances under control. You might think that declaring bankruptcy
is somehow bad or even shameful. Nothing could be further from the truth.
When you file bankruptcy, you are doing exactly what you should do about
the situation per the United States government. Bankruptcy exists to help
individuals just like you when they are in an overwhelming financial situation.
We are ready to start your case! Contact The Law Office of Bruce C. Bridgman for a
free consultation with a skilled Orange County Chapter 13 Lawyer. Call (949) 449-1412.
What is Chapter 13 bankruptcy?
It is important to get more information about this type of bankruptcy before
you file. Not only should you get basic information about the subject,
but it is helpful to discuss how it may affect you. This is one of the
services an Orange County bankruptcy attorney at our law firm can provide.
Our goal is to help you make the right choices about your case.
Chapter 13 bankruptcy is often called a "wage earner's plan"
or "reorganization". This form of bankruptcy is often recommended
for debtors with high incomes and property that they would like to protect.
It is a useful tool to save a home from
foreclosure and is a debtor's only option if he or she did not pass the means
test to file under Chapter 7.
What Happens When You File For Chapter 13?
When a person files his or her Chapter 13 petition, all debt collection
efforts (including foreclosure and any lawsuits) must cease. The debtor
will then present a proposed payment plan to repay creditors over a period of
3 to 5 years, depending on the amount of debt to be addressed and the debtor's
disposable income. If the debtor makes scheduled payments for the duration
of his or her plan, all remaining eligible debt will be discharged.
When you successfully file for Chapter 13, you will see results right away.
Harassing and embarrassing phone calls, letters and other contact from
creditors, mortgage companies, debt collectors and other entities to which
you owe debts will cease immediately as required by federal law. Even
if your house is in foreclosure, that process will also halt.
Discuss Your Options With a Qualified Chapter 13 Bankruptcy Lawyer in Orange County
If you are considering bankruptcy, it is important that you do what you
can to ensure that you get the best possible counsel and service in order
to make your bankruptcy process smooth and easy for you and your family.
With the help of an experienced Irvine Chapter 13 lawyer, you can get
the counsel and representation that you need.
Contact The Law Office of Bruce C. Bridgman!
Want to understand more about your options? A qualified Orange County Chapter
13 lawyer in Irvine at The Law Office of Bruce C. Bridgman can help. Call
(949) 449-1412 or
complete our form to request a free case evaluation.