Chapter 13 Attorney Casey

Most people can qualify for Chapter 13 if they have an income.  You must have   a regular source of income and owe unsecured debts of $336,900.00, or less, and whose secured debts are $1,010,650.00, or less.  You may file Chapter 13 if you meet these initial prerequisites. La Mesa Chapter 13 Bankruptcy Attorney, Most Qualify For Chapter 13 Bankruptcy.

Debtors who are facing foreclosure of their home, repossession of their vehicles, seizures of assets and IRS wage garnishments, can stop such actions of creditors by filing for Chapter 13 protection if they meet the qualifications of having a regular source of income and the total amount of their debts are within the amounts of debt limitations of the Title 11 under Bankruptcy, Chapter 13. Debtors file a plan of reorganization involving monthly plan payments for a minimum of three years, but not more than five years. During the term of the Plan, the debtor pays any arrearages for secured property that are to be retained and non-dischargeable liabilities such as certain kinds of taxes.  La Mesa Chapter 13 Bankruptcy Attorney, Most Qualify For Chapter 13.

Payments to the court-appointed Chapter 13 Trustee must begin within thirty (30) days of the petition date. The Chapter 13 Trustee distributes ninety percent (90%) of the funds to creditors pursuant to the terms of the Plan.

The Trustee retains the remaining ten percent (10%) to cover his/her costs of operation. Usually, unsecured creditors receive less than full payment of their claims - sometimes very little or nothing. Automobile and truck loans can be modified to pay the lien holder only the value as of the date of the petition, plus reasonable interest over the plan-payment period.

The Chapter 13 debtor is entitled to receive a Discharge Order from the Bankruptcy Court upon completion of all payments of a Plan that has been confirmed by the Court. The Discharge Order releases the debtor from all claims of creditors provided for in the Plan or disallowed by the Court.  This is one of the protections under Chapter 13 bankruptcy. Need to file Chapter 13 Bankruptcy? Not sure if you qualify for Chapter 7. I can explain your Bankruptcy options. Contact La Mesa Chapter 13 Bankruptcy Attorney

A creditor who received timely notice of the filing of the Chapter 13 petition, but failed to file a formal written claim may NOT thereafter bring or continue a legal action to collect the discharged debt.

Certain long-term obligations of a debtor are not, however, discharged by the filing or successful completion of a confirmed Chapter 13 Plan. Home mortgage payments are an example of this. The obligations of the debtor survive completion of the Plan. In other words, you have to pay the remaining balance on the debt. Home mortgage payments and vehicle payments when a debtor elects to retain such assets, alimony, child support, most student loans, debts arising from death or personal injury due to driving while intoxicated or under the influence of drugs; and debts for restitution or for a criminal fine. 

If a Chapter 13 Trustee or a creditor files with the Court an objection to Confirmation of a Plan, the Court schedules a hearing to determine if the proposed Plan complies with the law. The Plan must provide that all the debtor's projected net income will be paid to the Chapter 13 Trustee for the life of the plan. Net income is determined by applying the debtor's take-home pay against his monthly reasonable and necessary expenses.

Free Consultation with a Chapter 13 Bankruptcy Attorney. El Cajon

Bankruptcy La Mesa, CA. Most Qualify For Chapter13 Bankruptcy Plan.

Bankruptcy Attorney La Mesa, Most Qualify For Chapter 13 Bankruptcy.

La Mesa Bankruptcy Attorney, Most Qualify For Chapter13 Bankruptcy.

  David Casey, Attorney  

Over the past few years, bankruptcy filings in the United States have increased nearly thirty percent.  Unfortunately, with the down turn in the economy, there are more filings for relief every day.  Despite changes to bankruptcy laws, bankruptcy still remains a useful  tool for preserving assets while eliminating bad debts. Our Bankruptcy clients understand that just like trusts or other estate planning tools, bankruptcy is a legal right that is available to help you you.  Bankruptcy may be the most powerful way to protect your family’s financial health and to STOP CREDITORS harassing you and your family.  Too many lives and especially marriages are hurt due to unresolved financial matters.   The Law Office of David A. Casey wants to help you and your family eliminate overwhelming financial stress and enable you to get the fresh start you need in order to flourish and to enjoy life again. Depending on your situation, a Chapter 7 or Chapter 13 bankruptcy filing may bring the relief you have been seeking.  Bankruptcy La Mesa 91941, Bankruptcy La Mesa 91942, Bankruptcy La Mesa 91943, Bankruptcy La Mesa 91944.

• ►Consumer bankruptcy filings are on the rise. There were 266,767 bankruptcy filings in the second quarter of 2008 as compared to 236,891 filings in the first quarter of 2008.  The 2009 the Bankruptcy rate will be much higher.
• ►It was estimated that in 2008 there were more than 1.1 million consumers who sought the protection of the Bankruptcy courts. Looking like in 2009 it will be well over 1.3 million. Chapter 7 accounted for 64.37% percent.  Chapter 7 and 13 will be even higher this year. La Mesa 91941, la Mesa 91942, La Mesa 91943, La Mesa 91944,

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 Bankruptcy Services, Chapter 7, Chapter 13 Bankruptcy

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

This communication is an “Advertisement” as defined by the California Rules of Professional Conduct and California Business and Professions Code. No communication herein shall create an attorney-client relationship unless a separate retainer agreement is signed by an attorney and client. This material is for informational purposes only and not intended to provide legal counsel or legal advice to you.