Is Chapter 13 Worth It
Chapter 13 bankruptcy is often viewed as a last resort for debtors who cannot qualify for Chapter 7 bankruptcy. However, there are several benefits to filing for Chapter 13 that make it worth considering, even if you don’t think you’ll qualify.
For one, Chapter 13 can help you save your home from foreclosure. If you are behind on your mortgage payments, you can catch up on them through your Chapter 13 repayment plan. This protection is not available in Chapter 7 bankruptcy.
Additionally, Chapter 13 can help you eliminate or reduce some types of debts. For example, if you have unpaid taxes, you may be able to pay them off over the life of your repayment plan and discharge the remaining balance. You may also be able to reduce the amount of interest you owe on certain types of debt.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start to over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706