Chapter 13 Bankruptcy
Structured Debt Reduction
A Chapter 13 Bankruptcy enables individuals with regular income to keep their property and pay some or all of their debts over time, usually 3-5 years. Unlike a Chapter 7 bankruptcy, which eliminates debt without payments to creditors, a Chapter 13 Bankruptcy enables you to pay creditors part or all of what you owe them on terms that are favorable to you, the debtor. This chapter of bankruptcy allows the Debtor to keep property that has delinquent payments.
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Chapter 13 Bankruptcy – does it involve credit counseling?
Chapter 13 debt reorganization differs from Chapter 7 liquidation in that it involves the negotiation of payment plans with creditors and the court in order to preserve most assets. The assistance of an experienced Bankruptcy attorney from Nicastro Piscopo will be invaluable in creating plans that allow you to satisfy creditors while still preserving your quality of life.
The court may require debt counseling designed to implement a reasonable budget but this should not be confused with credit counseling, a service often subsidized by credit card companies themselves. A lawyer from Nicastro Piscopo will personally explain all your options and the possible consequences, allowing you to make informed decisions based on custom-tailored solutions unique to your circumstances.
STOP Creditor Harassment and Get a Fresh Start Today
California residents are faced with an array of choices after financial problems have left them struggling to pay bills and fend of creditors. Confusing the situation, recent changes to U.S. bankruptcy law have altered both the steps to declare bankruptcy and the type of bankruptcy appropriate to a situation. If a divorce, illness or other unforeseen circumstance has left you suffocating in credit card debt and unable to pay your mortgage, a consultation with a bankruptcy attorney at the Anaheim offices of Nicastro Piscopo can provide a clear explanation of your legal rights.
STOP Harassment - STOP Tax Liens - STOP Foreclosure
714-533-6000
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Ask about our FREE Bankruptcy Consultations and IMMEDIATE RELIEF
We cannot change the past, but we can help you carve out your future through bankruptcy relief and debt help. Dealing directly with creditors or waiting too long to file can have an adverse effect on your outcome. Contact our office for a FREE consultation with an experienced bankruptcy attorney. We will help you understand your options and we are available to intervene immediately with creditors. We will aggressively protect your rights and assets while we design a recovery strategy based on the law and your financial goals.
For more information on immediate debt relief facilitated by an attorney at Nicastro Piscopo, please contact our office in Anaheim today for a consultation and case evaluation. Our team is comprised of some of the best Bankruptcy Attorneys in Orange County.
We are a debt relief agency. Our Orange County Bankruptcy Attorneys help people file for bankruptcy relief and have been doing so for over 16 years.
