Chapter 13 Bankruptcy Attorneys in Sacramento, California
Among the most pervasive and harmful bankruptcy myths is that only people with little or nothing to lose can benefit. In fact, Chapter 13 bankruptcy is a viable solution for people with regular income but too much debt — and those who are either trying to prevent home foreclosure or gain legal protection while they pay certain debts over time.
If you are focused on trying to save your home, or you need legal protection from creditors while you catch up and get your financial life back on track, please contact us at the Abdallah Law Group. Our attorneys are experienced in handling all types of bankruptcy as well as pursuing loan modifications and other non-bankruptcy solutions.
Caring, Involved Guidance for Difficult Decision Making
Essentially, Chapter 13 "reorganization" bankruptcy involves filing a plan for debt repayment that must be approved and overseen by a court official known as a bankruptcy trustee. Some debts may be discharged in whole or part, and others must be paid off in monthly installments over a period of three to five years.
Foreclosure Defense — Loan Modifications — Carefully Structured Bankruptcy Filings
There are many obligations and risks associated with Chapter 13 bankruptcy, and we will carefully explain the process in terms you can understand. Our lawyers' extensive real-world financial and real estate transactional experience often proves invaluable in:
- Attempting to negotiate a fixed rate mortgage, principal reduction, or other terms enabling you to avoid foreclosure
- Exploring options such as a "cram-down" to eliminate a second mortgage no longer secured by the value of your home
- Structuring your bankruptcy plan for the maximum protection of those assets you are striving to protect
- Helping you determine whether eliminating unsecured debt through a Chapter 7 bankruptcy filing — if you qualify — may give you the financial flexibility to keep paying your mortgage
- Identifying the most productive approach if you are also considering Chapter 11 business bankruptcy
We focus on practical legal solutions that help our clients gain debt relief and move forward in life. Whether you believe Chapter 13 is the right answer for you or you need a skilled lawyer to take a look at every available option and provide thoughtful guidance, we are ready to provide a free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
