Chapter 13 bankruptcy, also known as debt reorganization, protects a person from creditors while enabling him or her to pay off debts over 3 to 5 years through an affordable payment plan. It is an effective solution for many consumers who do not qualify for Chapter 7 or who wish to keep their property in the process.
If you are facing a foreclosure on your home, even with a pending sale date, you can still save your home. By reorganizing your debt, you may be able to have sufficient income to meet your mortgage payments and remain in your home.
Chapter 13 bankruptcies can be used to abolish a second mortgage line of credit on a property that has lost its value. In these situations, the homeowner is no longer responsible for the second mortgage.
Our office offers a free and confidential consultation. We will ask you about your financial situation and the nature and amount of your debts and your household income. As an experienced bankruptcy attorney, Mr. Dickerson will discuss with you the various options that may be available to you and explain the bankruptcy process. Once you begin the bankruptcy process with our office, you can refer all your creditor calls to us so you can be relieved of incessant collection calls that can be very disruptive to your daily life.
1200 Quail Street #170
Newport Beach, CA 92660