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Free Bankruptcy Consultation Attorney for Chapter 13 & Chapter 7 in El Cajon, Calif.
Most people can qualify for Chapter 13 if they have an income. You must have a regular source of income and owe unsecured debts of $336,900.00, or less, and whose secured debts are $1,010,650.00, or less. You may file Chapter 13 if you meet these initial prerequisites. El Cajon Bankruptcy Chapter 13 Attorney, Most Qualify For Chapter 13 Bankruptcy. Chapter 13 debtors who are facing foreclosure of their home, repossession of their vehicles, seizures of assets and IRS wage garnishments, can stop such actions of creditors by filing for Chapter 13 protection if they meet the qualifications of having a regular source of income and the total amount of their debts are within the amounts of debt limitations of the Title 11 under Bankruptcy, Chapter 13. Debtors file a plan of reorganization involving monthly plan payments for a minimum of three years, but not more than five years. During the term of the Plan, the debtor pays any arrearages for secured property that are to be retained and non-dischargeable liabilities such as certain kinds of taxes. El Cajon Chapter 13 Bankruptcy Attorney, call 697-6780. Payments to the court-appointed Chapter 13 Trustee must begin within thirty (30) days of the petition date. However you will have to make the first payment to the trustee within 14 days of filing. You do NOT want to be late for the first payment. Being late for the first payment is not proving to the trustee you can pay the amount under the plan. The Chapter 13 Trustee distributes ninety percent (90%) of the funds to creditors pursuant to the terms of the Plan after the plan is approved.
The Trustee retains the remaining ten percent (10%) to cover his/her costs of operation. Usually, unsecured creditors receive less than full payment of their claims - sometimes very little or nothing. Automobile and truck loans can be modified to pay the lien holder only the value as of the date of the petition, plus reasonable interest over the plan-payment period. 17 cities are within 15 miles of El Cajon. You will spend less time driving to my office than finding parking downtown San Diego. My office only represent debtor! For Bankruptcy Attorney, call (619) 447-6780. Find out if Chapter 13, Chapter 7 Bankruptcy right. The Chapter 13 debtor is entitled to receive a Discharge Order from the Bankruptcy Court upon completion of all payments of a Plan that has been confirmed by the Court. The Discharge Order releases the debtor from all claims of creditors provided for in the Plan or disallowed by the Court. This is one of the protections under Chapter 13 bankruptcy.
A creditor who received timely notice of the filing of the Chapter 13 petition, but failed to file a formal written claim may NOT thereafter bring or continue a legal action to collect the discharged debt. Certain long-term obligations of a debtor are not, however, discharged by the filing or successful completion of a confirmed Chapter 13 Plan. Home mortgage payments are an example of this. The obligations of the debtor survive completion of the Plan. In other words, you have to pay the remaining balance on the debt. Home mortgage payments and vehicle payments when a debtor elects to retain such assets, alimony, child support, most student loans, debts arising from death or personal injury due to driving while intoxicated or under the influence of drugs; and debts for restitution or for a criminal fine. Free Chapter 13 Consultation | Chapter 13 Bankruptcy Attorney El Cajon If a Chapter 13 Trustee or a creditor files with the Court an objection to Confirmation of a Plan, the Court schedules a hearing to determine if the proposed Plan complies with the law. The Plan must provide that all the debtor's projected net income will be paid to the Chapter 13 Trustee for the life of the plan. Net income is determined by applying the debtor's take-home pay against his monthly reasonable and necessary expenses.
Free Chapter 13 Consultation |El Cajon Chapter 13 Bankruptcy Attorney Free Chapter 13 Consultation (619) 447-6780
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Are you are a resident of San Diego County and looking
for a Chapter 13
Bankruptcy Attorney?
Their is NO need to travel to San Diego for a Chapter 7 or Chapter 13 bankruptcy
Lawyer!
My office is conveniently located in El Cajon and just a few minutes from away. There are 17 cities within 15
miles of El Cajon, California.
You can drive to my office in less time than
it would take to find parking in Downtown San Diego. My Bankruptcy law office is located in El
Cajon next to two major freeways. I'm only minutes away from: La Mesa, El
Cajon, Santee, Alpine CA., Lakeside, Rancho San Diego.
My office also has an on-site pubic notary when needed. |
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