Our lawyers will help you reap all the benefits of Chapter 13 in El Centro

Filing bankruptcy can seem like it has nothing but downsides, which is absolutely untrue. A Chapter 13 bankruptcy in El Centro is a phenomenal option for individuals who are struggling with debt and have a regular income.

Our seasoned Chapter 13 bankruptcy attorneys can help you restructure your debt into a manageable 3-to-5-year payment plan, allowing you to pay back a portion of your dues and get on your feet. After that time, any remaining unsecured debts are discharged, helping you to start fresh.

By filing with us, you can take control of your finances and work towards a debt-free future, while keeping all your assets, avoiding foreclosure, stopping wage garnishments, and putting an end to creditor harassment.

When should you turn to lawyers adept at Chapter 13?

While filing every Chapter 13 bankruptcy with experienced attorneys in El Centro is unique in its own right, there are specific instances when this is the best legal action.  Indeed, you should turn to our professionals if you:

• Have a regular income and can make payments towards your debt;
• Have a stable income but are unable to pay off your debts in full;
• Have unsecured debt that you are struggling to pay (e.g. credit card debt, medical bills, or personal loans);
• Have secured debts (e.g. mortgage or car loan) that are in danger of being foreclosed or repossessed;
• Are behind on your mortgage or car payments and want to catch up;
• Are facing wage garnishment or other legal action from creditors;
• Have a cosigner on a debt and want to protect them from being held liable for your debt;
• Want to keep all of your assets, such as a second car or a vacation home and avoid liquidation;
• Have filed for Chapter 7 bankruptcy in the past eight years and are not yet eligible to file again;
• Want to avoid liquidating your assets and instead restructure your debt into a manageable payment plan.

If you find yourself facing these, or similar, predicaments, turning to our bankruptcy attorneys in El Centro is the right choice. We’ll help you determine whether Chapter 13 is the right choice for your financial situation, as well as guide you through the process and ensure you understand your rights and options every step of the way.

Why choose Chapter 13 over debt consolidation?

While debt consolidation can be a useful tool for managing your debt, it may not be the best option for everyone. Typically, it involves committing to a long-term payment to pay off debts or taking out a high-interest loan to pay all of your debt.  Basically, this can simplify your payments and potentially lower your interest rates, but usually it does not reduce the amount you owe.  On the other hand, generally you will not be represented by an attorney and a consolidation is not court approved.    

Filing Chapter 13 bankruptcy with assistance from expert lawyers in El Centro, on the other hand, can help you reduce or eliminate your debts altogether and at your own pace, by allowing you to create a structured repayment plan tailored to your specific financial situation. Also, it provides legal protection from creditors and stops wage garnishments and other legal actions against you, which is an enormous plus.