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Chapter 13 Bankruptcy. Known As Reorganization.

Chapter 13 Bankruptcy

Known as reorganization, a Chapter 13 bankruptcy permits you to repay debts if you feel you would benefit from repayment. One of the most common Chapter 13 objectives is to reorganize to get caught up on mortgage delinquency, over a period of 3 to 5 years. Other objectives in filing a Chapter 13 case is to pay debts not otherwise discharged, such as taxes or support, or simply to make partial payments to unsecured creditors. Because of complexities of filing Chapter 13 paperwork in the Sacramento/Modesto Bankruptcy Courts, solid knowledge of the local filing requirements is a must to successfully file and navigate through a Chapter 13 case.

If you think there is a possibility that you will want to surrender your house or car (and this could actually be a wise decision) it might be best to stop making these secured payments, but check with a bankruptcy attorney in Sacramento to help you analyze the pros and cons of such strategy. You may have more flexibility with some other secured debts if you are going to file bankruptcy. Secured debts like finance company loans or store credit cards are likely to be discharged in bankruptcy, where they can often be treated the same as unsecured debts. Call Conlon & Fong to speak with a bankruptcy attorney in Sacramento today.

If you are having financial hardship and are considering filling for bankruptcy, please call bankruptcy attorney in Sacramento at our office at (916) 971-8880 for a FREE confidential bankruptcy consultation.

Click here to fill out our FREE Confidential Bankruptcy Case Consultation form.

“We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”

Conlon & Fong

6825 Fair Oaks, Blvd., Suite 101
Carmichael, CA 95608
TEL: (916) 971-8880