If you have a job (a regular paycheck), Chapter 13 bankruptcy is probably the best option for you. That’s why it’s sometimes called a “wage earner’s bankruptcy.” The benefit of this option is that you can re-organize your debt to get out from under those crushing interest rates. It also may help if you’re in danger of losing your house or other property due to foreclosure. This type of bankruptcy allows you to pay off your debt in a 3-5 year repayment period. You may also be able to request that some of your debts be forgiven, but there are some restrictions on the level of debt. You can owe no more than $419,275 in unsecured debt (credit cards, etc.) and no more than $1,257,850 in secured debt (mortgages, etc.). This process isn’t easy can take long time for debts to be discharged. No need to worry though as our Chapter 13 bankruptcy attorneys in Woodland hills are here to make this process easy and comfortable so that you can get back to your normal life as soon as possible.
You may also want to discuss other legal ramifications or considerations related to your financial situation. Here are just a few of the other types of services that you may make use of from a lawyer.