Ventura Chapter 13 Bankruptcy Lawyer
Chapter 13 Bankruptcy Benefits
Chapter 13 helps individuals or small proprietary business owners eliminate their debt without having to liquidate their property or assets. This is accomplished through a creditor payment plan, which allows the individual or small business owner to pay off debt in installments, over a period of years. Anywhere from 0% to 100% of the debt owed will be paid back (depending on the debtor's specific financial situation). Even at 100%, a repayment plan is preferable to attempting to repay creditors outside of bankruptcy, as Chapter 13 allows for repayment at a 0% interest rate. If you would like to know more about the Chapter 13
process, a
Ventura bankruptcy lawyer is available to answer your questions and provide you with help if you decide to file.
Chapter 13 provides a number of benefits related to the elimination of debt, including:
- Allowing one to protect and keep all of one's assets
- Enabling one to stop foreclosure proceedings and catch up on past due mortgage payments
- Allowing one to repay debts without also having to pay interest
- Removing liens on one's property, such as second mortgages
- Discharging unsecured debts that include credit cards, medical bills, and certain taxes
Bankruptcy Services in Santa Barbara, Woodland Hills, Oxnard, Camarillo, Ojai, Thousand Oaks, Simi Valley and Santa Paula
At Bryan Diaz Law, P.C., we have made it our mission to assist those individuals who are struggling with insurmountable debt. We provide legal help in bankruptcy cases of all types, and we are available to answer your questions about the process. If you decide that Chapter 13 is right for you, we will file a bankruptcy petition on your behalf, and provide you with the support needed to improve your chances of a successful resolution to your financial problems.
Struggling with overwhelming debt? Contact a Ventura Chapter 13 bankruptcy attorney
who can provide you with information about the financial benefits of Chapter 13.