Alameda County Chapter 13 Bankruptcy Attorney
Helping Bay Area Residents File For Chapter 13 Bankruptcy
Alameda County • Contra Costa County • Pleasanton
Individuals and families who face overwhelming debt have two options when it comes to a personal bankruptcy filing: Chapter 7 and Chapter 13. Chapter 13 may be the right choice for you if:
- You do not qualify for Chapter 7 because your income exceeds the income limits
- You have the ability to pay down a portion of your debt over the course of three to five years
- You have significant assets that you want to protect that would be sold in a Chapter 7 bankruptcy
Chapter 13 bankruptcy is also called a "debt reorganization" bankruptcy because you will continue to pay on your debts but the payment plan will become more manageable.
Pleasanton Personal Bankruptcy Attorney
If you are considering bankruptcy, contact the Law Offices of James G. Schwartz or call 925-271-4460 to schedule a free initial consultation. Our attorneys have been helping individuals and families with a wide range of legal needs since 1976. We can review your financial situation and advise you whether Chapter 7 or Chapter 13 is right for you.
The Benefits of Chapter 13 Bankruptcy
Chapter 13 is a debt repayment plan that has a number of benefits. Immediately upon filing the bankruptcy paperwork with the court, you will find that:
- Creditors can no longer call you at home or at work
- Creditors cannot garnish your wages
- Creditors cannot seize your bank account or put a lien on your home
- The bank cannot proceed with home foreclosure and a car repossession will be delayed or stopped
When your debt repayment plan is established, you will find that your debt becomes more manageable as:
- Late fees and over-credit charges are dropped
- The overall amount you owe on credit cards or loans is significantly reduced
- A second mortgage or lien is stripped from your home
- Missed payments get rolled into the debt repayment plan so you can catch up
- The money you once used to pay these large bills now becomes available to pay your mortgage or car payment
While your debt repayment plan is in place, you are rebuilding your credit every time you make a payment. Once your plan is complete, any remaining debt is discharged and you have established a history of making payments on time. You are on the road to a better credit rating and to financial recovery.
Know Your Options
Before another day of demand letters and collection calls goes by, talk with a bankruptcy lawyer at the Law Offices of James G. Schwartz. Our goal is to restore you to financial stability and peace of mind. Contact an Alameda County Chapter 13 bankruptcy lawyer at our law firm to schedule a free consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
