Filing Bankruptcy Is Always The Last Resort

But It's only one of the tools in our tool box

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Four Reasons To Choose Us
01

a True Full Service Bankruptcy Law Firm

One of the few true full service bankruptcy firms in Los Angeles specializing in all chapters of the Bankruptcy Code and out of bankruptcy solutions.

02

OUR LAWYERS HAVE BIG FIRM TRAINING

Our lawyers have big firm training and expertise offered to clients in a cost effective, boutique firm environment.

03

we offer cost effective expertise

Flexible fee arrangements enable small and mid sized businesses to obtain the type of relief usually reserved only for large companies.

04

SUCCESSFULLY handled OVER 1,000 CASES

We are dedicated to our client’s success and tailor custom solutions for each case.

Debt Relief Through Chapter 13 Bankruptcy

Debt Reorganization and Debt Relief

If you are seeking debt relief through bankruptcy, you may have questions about which chapter is right for you. If you have assets that you do not want to liquidate to pay off your creditors, Chapter 13 may be the more attractive choice since it is more flexible than Chapter 7. Debt relief through Chapter 13 is achieved through debt reorganization and repayment while Chapter 7 involves liquidating assets to repay creditors. Because your financial situation is unique, however, you should speak with a bankruptcy lawyer before making a decision about which chapter to file.

The attorneys at Weintraub, Selth & Nguyen, APC have counseled and represented hundreds of clients with financial problems throughout Southern California. We have the knowledge and experience to help you determine whether debt relief through Chapter 13 will provide the best solution for you. If Chapter 7 or 11 would be better, we will explain the differences. Additionally, we will also explore bankruptcy alternatives with you. We may determine that debt relief can be achieved in some other way. To arrange an appointment, please contact us online or call us at our Los Angeles office.

Debt Reorganization and Reduction

Chapter 13 bankruptcy is generally available for people whose income is above the median income in California for a household of their size or who wish to keep assets they might lose in Chapter 7. To qualify for Chapter 13, you must have a regular source of income and you must make payments on your debts. If you qualify, the benefits you will have access to include:

  • If you are behind on your mortgage, Chapter 13 can prevent foreclosure
  • Chapter 13 allows you time to become current on your past due mortgage payments
  • Your debts will be reorganized and, typically, become significantly reduced
  • You will enter into a reasonable repayment plan lasting from three to five years
  • After you complete the repayment plan, you will receive a discharge of all eligible debt
  • Lien stripping may be available which will allow you to eliminate certain mortgages

As with all forms of bankruptcy, Chapter 13 debt relief also comes in the form of the automatic stay. This immediately puts an end to creditor harassment, wage garnishment and other collection activities. For more details about debt relief and Chapter 13, contact Weintraub, Selth & Nguyen, APC for the guidance you need.