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Chapter 13 Bankruptcy Attorney in L.A. and Surrounding Areas

Chapter 13 bankruptcy is a repayment plan or reorganization of debts. If you’re searching for professional Chapter 13 bankruptcy lawyers in the Los Angeles and San Fernando Valley area, whose fees are cheapest and inexpensive due to their decades of experience and efficiency in handling these types of cases, please contact us at the Law Offices of Kevin T. Simon, APC.

While in a Chapter 7 case, an individual can completely eliminate their unsecured debt (credit card, loans, and repossessions) all at once. A Chapter 13 bankruptcy requires an individual to commit to a monthly payment plan. Chapter 13 is often used when an individual does not qualify for Chapter 7 bankruptcy due to high income, too much equity in their property, or a need to reorganize debts on a house, car, or taxes. It enables individuals to develop a plan to repay their debts at a monthly payment they can afford.

We are well versed in both types of bankruptcy options, and we will help you determine which course of action is right for you. When you need a bankruptcy attorney in the San Fernando Valley, give us a call at the Law Offices of Kevin T. Simon, APC.

Frequently Asked Questions (FAQs)

● How much does it cost upfront to file a Chapter 13 Bankruptcy?

Our fees range from $500 to $1,500 upfront depending on your financial situation and completion of your case.

● Will I lose any of my property?

No. While Chapter 7 sometimes requires you to liquidate certain non-exempt assets, Chapter 13 sets up a repayment plan wherein you can keep all your assets.

● How much do I have to pay every month?

The monthly repayment amount depends on the amount of money you owe and your current income. We prepare your budget and work with the Chapter 13 Trustee to determine a reasonable repayment plan. This is the amount you will pay every month.

● Am I eligible for Chapter 13 bankruptcy?

Under current bankruptcy law, you can file for Chapter 13 provided that you owe no more than $1,257,850 of secured debt and $419,275 of unsecured debt. (These debt limits are effective through April 2022.) You must have enough disposable income to be able to afford a monthly repayment plan.

When filing for bankruptcy, any Chapter 13 repayment plan must be approved by a Judge, Chapter 13 Trustee and your creditors. That is why it’s important to have an experienced attorney on your side. Come to us for an affordable bankruptcy lawyer in the San Fernando Valley and L.A. who will fight for you.

Contact us today to set up an appointment with an inexpensive bankruptcy lawyer based in Southern California. Debt relief is just a phone call away. Remember, your initial consultation is free.

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