Bankruptcy Lawyer Serving Santa Clarita & San Fernando

Advantages of Chapter 13 Bankruptcy

There are many advantages associated with Chapter 13 bankruptcy. If you are considering this form of bankruptcy and would like to learn more about your options and what to expect, we recommend that you contact a San Fernando or Santa Clarita bankruptcy lawyer at our law offices at your earliest convenience. This is a somewhat complicated subject, and the particular benefits that you may experience by filing a Chapter 13 bankruptcy will vary depending on numerous variables. An experienced attorney can review all of these and can talk to you about your particular financial goals to determine how Chapter 13 bankruptcy may help you.

Following are some of the benefits that may be experienced when a debtor files for bankruptcy under Chapter 13 of the U.S. Bankruptcy Code:

• You may be able to save your home from foreclosure by including past due mortgage payments in your repayment plan;
• You may have the opportunity of paying secured debt with your payment plan;
• All of your property and assets will be protected;
• If you feel a moral obligation to repay your creditors, you can do this under a Chapter 13 bankruptcy; and
• Upon the successful completion of your payment plan, all remaining eligible debt will be discharged, meaning you will have no further obligation to pay it.

San Fernando and Santa Clarita Valley Chapter 13 Bankruptcy Attorney

From the time that you file your Chapter 13 bankruptcy petition, all debt collection efforts and lawsuits against you must cease. When your payment plan is finished, all of your eligible debt will be discharged. Make sure you can take full advantage of the many benefits that this type of bankruptcy may offer you. For a confidential review of your case, contact a Santa Clarita or San Fernando Bankruptcy Attorney at Cutter & Lax today.