Sacramento, California, Chapter 13 Bankruptcy Attorneys
If you are behind on mortgage payments, car loans or other debts, Chapter 13 bankruptcy offers an opportunity to restructure and manage your debt burden.
At Attorney Debt Solutions, we have over 30 years combined experience helping Californians with all aspects of the Chapter 13 bankruptcy process. We know the law and we know how to make it work for you.
Contact us today online or by telephone at 1-800-BANKRUPT to take your first step to total debt relief. For your convenience, we serve in Sacramento, Roseville, Rancho Cordova, Elk Grove, and other communities in Northern California including Folsom, Rio Linda, Elverta and Davis.
Restructuring Your Debts Through Chapter 13 Bankruptcy
If you are facing home foreclosure, car or truck repossession and other creditor actions, Chapter 13 bankruptcy may be the best way to get caught up on your debts while holding on to your property.
Chapter 13 is a debt repayment plan where clients are granted the protections of bankruptcy while having between 36 to 60 months to repay their debts. Keep in mind that interest and finance charges will stop and debts may be reduced significantly.
We meet with many homeowners who have lost a significant amount of equity in their home over the past few years. A Chapter 13 bankruptcy can help you regain that equity sooner. If your property is worth less than you owe on your first mortgage, then through a Chapter 13 bankruptcy, we can eliminate your second mortgage completely.
Our attorneys will work with you personally to ascertain your situation and help you fully explore your debt relief options. Perhaps Chapter 7 bankruptcy or other debt relief options will better suit your needs. Whatever path you choose, we will guide you through the process to make it as easy for you as possible.
Chapter 13 Bankruptcy "Cram Down"
One benefit of filing for Chapter 13 bankruptcy is the cram down. In many cases, the value of an item you are still making payments on is significantly less than the outstanding balance. By "cramming down" your debt, you are only required to pay what your property is worth, as opposed to the amount you actually owe. Cram downs are often used to lower the total owed on vehicles, tools, work equipment and other financed purchases. If you have questions about Chapter 13 bankruptcy and cram downs, our attorneys are here for you.
Schedule Your Free Consultation
If you are having trouble keeping up with your loans and considering Chapter 13 bankruptcy, we are here to help. Contact us today online or by telephone at 1-800-BANKRUPT to schedule a free debt relief consultation with an experienced Sacramento, California, Chapter 13 bankruptcy lawyer. We hold regular office hours and are available evenings and weekends by appointment.
