5137 Golden Foothill Parkway, Ste. 110
El Dorado Hills, CA 95762
(916) 789-9810
drmorris@morrislawgrp.com

8880 Cal Center Dr., Ste 400
Sacramento, CA 95826
(916) 789-9810
drmorris@morrislawgrp.com

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Chapter 13 Bankruptcy Attorney

Are you looking for a way to reduce or eliminate your debts with a monthly payment plan?

Have you fallen behind in your mortgage payments or is your home in foreclosure?

Help may be just a phone call away. At Morris Law Group, our Bankruptcy attorneys have years of experience helping people take care of their debt problems. To find out if you qualify for Chapter 13 bankruptcy relief, please contact an attorney today by calling (916) 789-9810 or by using our contact form.

Call Us Today at (916) 789-9810

Repayment of Debts with an Experienced Chapter 13 Bankruptcy Attorney

Chapter 13 bankruptcy is designed for individuals with a regular and stable source of income who are temporarily unable to pay their debts but who desire to use their best efforts and good faith to pay them in installments over a period of time subject to the protections afforded by the Chapter 13 bankruptcy rules. You are only eligible for Chapter 13 bankruptcy if your debts do not exceed certain dollar amounts set forth in the Bankruptcy Code.

Work with an Experienced Bankruptcy Lawyer to Guide you Through the Process

Under Chapter 13 bankruptcy rules, you must file a plan with the Court to repay your creditors all or part of the money that you owe them, using your future earnings or by the disposition and/or surrender of certain collateral such as land and motor vehicles. You are protected from your creditors in most instances upon the filing of your case but your plan must be approved by the Court before it can take effect. An experienced bankruptcy attorney can help you through this process to ensure you achieve a favorable outcome that fits your lifestyle.

A chapter 13 Plan may allow you to bring the payments on your home current so you can keep your home, even if it is in foreclosure. You can also classify creditors and treat some of them differently than others, allowing you to pay for your vehicles over time or pay off past-due or unpaid income taxes, while in many cases paying your general creditors only a small percentage of what you owe them.

In some cases, Bankruptcy Law under Chapter 13 may allow you to “strip off” your second or third mortgage. If approved by the Court, the mortgage creditor is treated as an unsecured creditor. The creditor will get paid the same percentage as your other unsecured creditors and once your plan is completed, they must cancel, or “reconvey” the Deed of Trust back to you. An experienced Chapter 13 bankruptcy attorney can ensure you successfully navigate through the complexity of the bankruptcy code and achieve a favorable outcome.

What the New Bankruptcy Laws Mean to You

The new bankruptcy laws require you to perform a means test to help determine your disposable income. A means test is a formula that provides a reporting and calculation of “current monthly income”. In chapter 13 bankruptcy cases, current monthly income is used to determine the disposable income that must be contributed to payment of unsecured creditors.

Under Chapter 13 bankruptcy, unlike Chapter 7 bankruptcy, you may keep all of your property, both exempt and non-exempt, as long as you continue to make payments under the plan. After completion of payments under the plan, your debts are discharged except for any domestic support obligations, student loans, and certain taxes, among others. At Morris Law Group, your attorney will be experienced in both Chapter 7 and Chapter 13 bankruptcy laws, and will advise you on the best path considering your unique circumstances.

Experienced Chapter 13 Bankruptcy Attorneys Are Ready to Assist You

Having an experienced and knowledgeable attorney is especially important when calculating and preparing the Chapter 13 Plan. We are here to advise you about your particular situation and to guide you through the process of Chapter 13 bankruptcy. To find out if you qualify and meet the new standards for filing a bankruptcy, speak to a lawyer in our bankruptcy department by calling us at (916) 789-9810 or by filling out our contact form with a free and confidential debt analysis.

Morris Law Group serves people overwhelmed by debt in Sacramento, Placer, El Dorado, and Yolo Counties, including the communities of Sacramento, El Dorado Hills, Folsom, Granite Bay, Roseville, Cameron Park, Shingle Springs, Rescue, Rancho Cordova, Placerville, Orangevale, Fair Oaks, Carmichael, Citrus Heights, West Sacramento, Davis, Rancho Cordova, Elk Grove, Antelope, Rio Linda, McClellan, Elverta, North Highlands, Woodland, Loomis, Penryn, Newcastle, Auburn, Rio Linda, Rancho Murieta, & Sloughhouse.

Chapter 7 Bankruptcy Lawyer | Chapter 13 Bankruptcy Attorney