Many bankruptcy law firms only handle Chapter 7 bankruptcies, or if they do handle Chapter 13, they do not handle many of them and so are inexperienced. Our experienced bankruptcy attorneys have handled many Chapter 13 bankruptcies and are experienced in making and getting plans approved, that are affordable to you. Filing a Chapter 13 can be a great way to restructure your debt, and to get rid of your second mortgage and more!
An individual or business filing under Chapter 13 turns over his or her finances to the bankruptcy court and is then obliged to make payments at the court's direction. Whereas Chapter 7 is characterized by full discharge of debt, Chapter 13 results in a repayment plan. Debtors prefer Chapter 7 because it usually allows them to hold on to their equity but, after a brief time, all obligations except such as listed above (child support, alimony, etc.) are eliminated.
For more information or to schedule an appointment with one of the Litchney Law Firm’s experienced Chapter 13 Bankruptcy law attorneys please call us at 916-983-2941 or use the contact form on the website to schedule your free initial consultation!