Chapter 13 Bankruptcy Filing

Bankruptcy Arcadia Chapter 13 — Providing A Chance To Catch Up And Save Your Home And Vehicle

chapter 13 bankruptcyIf you have regular income but cannot afford to pay all your creditors, Chapter 13 bankruptcy puts foreclosure, repossessions, and debt collections on hold and provides the breathing room and allows you to pay only that portion of your unsecured debts you can afford over time. Most Chapter 13 cases do not pay all unsecured debt and some cases pay nothing to unsecured creditors. With some exceptions, those debts not paid in a Chapter 13 Plan are discharged.

Extensive Experience In Chapter 13 Bankruptcy

The Hedtke Law Firm will sit down with you to address your questions and fears, and explore all your debt solutions.  Call to Schedule an Appointment:

Arcadia • Upland • Moreno Valley

The Advantages Of Chapter 13

In a Chapter 13 repayment plan your unsecured debts can, in most cases, be substantially reduced or eliminated. You get instant relief from creditor actions and gradually pay only that portion of your debts that you can afford. You will make a fixed monthly payment for a minimum of 36 months up to a maximum of 60 months, based primarily on your ability to pay. At the end of the plan, all remaining dischargeable debt is eliminated. You don’t forfeit any assets except for those you wish to surrender.

  • Stop foreclosure and repossession — Your mortgage arrears or past due car payments can be rolled into your repayment plan. Vehicle payments can quite often be reduced.
  • Prevent wage garnishment — Your take-home pay will not be seized by creditors.
  • End the creditor harassment — No more annoying phone calls or threatening letters. The automatic stay prevents creditors from contacting you or taking any legal action against you to attempt to collect a debt.
  • Restructure your vehicle and other secured loans except for home mortgage loans.
  • Free yourself from the constant stress.

The Hedtke Law Firm is ready to help you save your home or get back on your financial feet. Call us at 626 593-1558 to set up your free initial consultation.