Chapter 13 Bankruptcy
Bankruptcy Solutions in Murrieta
Chapter 13 bankruptcy is similar to Chapter 7 in that it is a legal proceeding that is meant to address and deal with the debts consumers owe to creditors. However, when people file for Chapter 13 and are successful with their bankruptcy petitions, they agree to repay their debts to creditors over the time span of 3 -5 years.
For people who have higher incomes, Chapter 13 is usually the type of bankruptcy that is most appropriate as it allows people to reorganize their finances and then come up with feasible repayment plans. This type of bankruptcy is ideal for people who wish to repay their debts, but simply need time to do so.
Additionally, Chapter 13 bankruptcy is ideal for people who wish to avoid the liquidation process and remain in possession of their assets and property.
Murrieta Bankruptcy Lawyer
Filing for Chapter 13 bankruptcy is always a difficult decision to make. People who are faced with this serious decision usually feel stressed, uncertain, and even hopeless, which can stop them from taking necessary action to protect their financial well-being.
If you are thinking about filing for Chapter 13 bankruptcy in Riverside County or Murrieta, know that a Murrieta bankruptcy attorney at Singleton Smith Law Offices is here to help you. We have worked with numerous clients who, just like you, have needed to file for Chapter 13. With our help, our clients were able to complete the Chapter 13 process in a short amount of time while protecting their most important assets.
To learn how we can help you make your Chapter 13 petition successful, contact a Murrieta bankruptcy attorney to set up a free initial consultation!