Roseville, CA Chapter 13 Bankruptcy Attorney SagariaLaw HomeRoseville Bankruptcy: Chapter 13 Bankruptcy
Chapter 13 is a reorganization bankruptcy that provides for an interest-free debt repayment plan that lets you pay off debts in installments over a three to five year period. Chapter 13 protects you from creditors, who are forced by court order to adhere to the plan and who collect their payments from the plan and not you.
Chapter 13 has important requirements that must be fulfilled to be eligible for protection. The most important requirement is a consistent source of income. Without it your plan will not receive court approval. Income must be sufficient to both pay for monthly living expenses and to make a payment to the court on your debts.
Chapter 13 consolidates debts including overdue mortgage balances, vehicle loans, student loans, credit card debt, and other unsecured debt. All of your debts must be placed into the consolidation in a Chapter 13 filing. To learn more call Sagaria Law today for an initial consultation.
Chapter 13 has important requirements that must be fulfilled to be eligible for protection. The most important requirement is a consistent source of income. Without it your plan will not receive court approval. Income must be sufficient to both pay for monthly living expenses and to make a payment to the court on your debts.
Chapter 13 consolidates debts including overdue mortgage balances, vehicle loans, student loans, credit card debt, and other unsecured debt. All of your debts must be placed into the consolidation in a Chapter 13 filing. To learn more call Sagaria Law today for an initial consultation.
