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Get the time you need to catch up on your debts with Chapter 13 in Lake Elsinore CA
Have you fallen behind on your mortgage payment, your car payment, your credit card bills, or other debts? Do you feel like you could catch up, if only you had a little more time to pay? Filing for Chapter 13 in Lake Elsinore CA will give you this time and also allow you to discharge some of your unsecured debts.
How Chapter 13 Works
Chapter 13 in Lake Elsinore CA is designed to help individuals with steady income catch up on their debts. A successful Chapter 13 petition will result in the creation of a court-approved repayment plan lasting 3 to 5 years. You will only have to make one monthly payment, which will be applied towards all your debts. At the end of the 3 or 5 year period, you should be back on track with your secured debts like mortgages and car payments, and any remaining unsecured debt is typically discharged.
Chapter 13 in Lake Elsinore CA Will Stop:
- Interest charges
- Late fees
- Creditor harassment
- Wage garnishment
- Foreclosure
- Repossessions
Now You May Wonder…
…What About My Property and Assets?
When you file for Chapter 13 in Lake Elsinore, there is no obligation to liquidate your assets. There’s no need to worry about “exempt” and “non-exempt” property. You can keep everything you want to keep, from your vacation home to your retirement accounts to your business assets and inventory.
…Can I Afford to File for Chapter 13 in Lake Elsinore CA?
Yes. As long as you are confident you will continue to have a steady income, you shouldn’t have to worry about affording your Chapter 13 payments. After all, the amount of these payments will determined by your disposable income. With a bankruptcy attorney helping you to calculate your disposable income and draft a proposed repayment plan for the bankruptcy court, you can rest assured you will get the most advantageous deal possible.
We keep our fees low to make sure our services are affordable, and we offer payment plans to help spread the cost out over time.
Call Now for a Free Bankruptcy Evaluation
Wondering if Chapter 13 in Lake Elsinore CA is right for you? Call California Bankruptcy Relief at 951-755-1000 or submit your case online and we’ll set up a free bankruptcy evaluation for you. California Bankruptcy Relief has a 100% success rate in bankruptcy filings and we are confident we can find the best way to help you find relief from your debts.
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