Chapter 13 Bankruptcy Attorney in Valencia
What Is Chapter 13 Bankruptcy?
Chapter 13 is one of a variety of
bankruptcy options available to individuals struggling with overwhelming debt in
the United States. It is primarily focused on individuals who are seeking
a way to rid themselves of their debt without having to part from the
valuable assets that they possess. As opposed to
Chapter 7, which involves asset liquidation in order to assist in the repayment
of creditors, Chapter 13 enrolls the individual in a creditor payment
plan, which allows them to pay towards their debts on a monthly basis.
The person continues to pay their creditors in installments (typically
for a period lasting three to five years), until their debts have been
fully satisfied, at which point they are released from having the majority,
or all, of their financial liabilities. By actually paying their creditors
the money that they are owed, they are able to avoid the loss of any assets
that they would be reluctant to part with.
The legal team at
RJB Law Offices has successfully guided thousands of individuals through their
bankruptcy proceedings, including those filing for Chapter 13. We utilize our considerable
knowledge and experience in bankruptcy law in guiding each client through the
process, so that they can enjoy a strong chance of reaching a successful conclusion
to their case. If you are considering Chapter 13 bankruptcy, contact our
offices as soon as possible, and a Valencia bankruptcy lawyer will provide
you with the information you need to come to a decision in your case.
Valencia Chapter 13 Bankruptcy Lawyer
It is not recommended that one try and navigate through the bankruptcy
process on one's own. There are many nuances and legal details involved
in filing for bankruptcy, and a person unfamiliar with these can potentially
get themselves into deeper financial trouble. Retaining the services of
an attorney familiar with bankruptcy law can ensure that one avoids these
pitfalls, and maximizes one's chances of obtaining a debt free life.
Contact a Valencia Chapter 13 Bankruptcy Lawyer
for information on Chapter 13 Bankruptcy and how it may be able to help
you in your financial situation.