Filing for bankruptcy may be the best solution for many people in California who are dealing with overwhelming debt. While Chapter 7 bankruptcy is the more popular form of personal bankruptcy, not everyone can qualify for it, nor is it is necessarily the best option in your individual situation.
As a bankruptcy attorney with 30 years' experience, I understand the bankruptcy process and will present the best options for your unique situation. I am a specialist in Bankruptcy Law certified by the State Bar of California, Board of Legal Specialization. Chapter 13 bankruptcy can be a beneficial alternative for individuals who want to file for personal bankruptcy, but are unable or unwilling to file for Chapter 7 bankruptcy.
All clients receive from me the personal attention and individual service that their cases deserve. I also offer every potential client a free phone consultation so that we can discuss your options before you invest in making a decision. Contact me by e-mail or call (949) 723-8441. Let an experienced bankruptcy lawyer help you get out from under the burden of debt.
Good Debt Relief Solutions Through Chapter 13 Bankruptcy
Chapter 13 bankruptcy can provide good solutions to financial problems including:
- Pay Mortgage Arrearages
Under Chapter 13 bankruptcy, you may be able to pay your mortgage arrearages and all, or a portion, of your unsecured debt. You may be able to save your house and other large assets from liquidation. - Pay Off Tax Debt
If the IRS or a California taxing authority will not agree to a payment plan that you can afford, filing for Chapter 13 bankruptcy can give you up to 60 months to pay your outstanding tax debt. Filing for Chapter 13 bankruptcy can also help you deal with IRS tax liens. - Pay Off Debt Over Time
Under Chapter 13 bankruptcy, a payment plan is created. Your monthly payment will likely be significantly lower than what you currently pay your creditors and will allow you to pay off your debt over a period of time.
If you do not qualify for Chapter 7 bankruptcy, you may still qualify for Chapter 13 bankruptcy if you have the income required to make the payments of your plan.
Contact me by e-mail or call me right away at (949) 723-8441 for a free phone consultation. We can work together to determine what options will work best for your situation. Whether you decide that Chapter 7 or Chapter 13 bankruptcy is right for you, I will help you through the process.
Law Office of Jonathan R. Ellowitz