Finding a Way to Pay Your Debt
Have you fallen behind on your bills, mortgage payments, car payments or other debts due to illness, a short-term job loss, divorce or some other personal difficulty? Do you have the ability to pay some of your debts but not all of them? If so, Chapter 13 bankruptcy may be right for you.
To discuss your Chapter 13 debt adjustment options with experienced California bankruptcy lawyer James A. Pixton, contact us today. We offer free 30-minute consultations at our convenient Oakland, Alameda and Modesto offices.
Putting Your Debts on a Single Affordable Payment Plan
Filing for Chapter 13 bankruptcy puts an immediate stop to phone calls, letters and other forms of creditor harassment. If your bankruptcy is approved, you will be set up on a three-to-five year payment plan, making regular, affordable payments to a trustee appointed by the bankruptcy court.
Depending on your circumstances, some of your debts may have to be repaid in full during the payment plan period, while other debts may be partially discharged (eliminated) at the end of that period.
Chapter 13 bankruptcy is particularly good at helping people avoid foreclosure and repossession by catching up with late mortgage payments and car payments. It may also be the best option for people with back taxes, allowing them to discharge other debts so they can focus on paying their taxes.
Helping You Understand All Your Options
Chapter 13 bankruptcy is not for everyone. If you cannot afford to make ongoing payments to a bankruptcy trustee, you may qualify for Chapter 7 bankruptcy or another debt management program. Attorney James A. Pixton will explain your debt relief options and how each one would affect your personal financial situation.
Bankruptcy is a serious step. It is important to go through your options with an experienced advocate who will give you honest information and advice based on your personal financial circumstances. Contact us to discuss how we can help you.
