What is a Chapter 13 Bankruptcy?
A Chapter 13 Bankruptcy is a legal process used by individuals to restructure their debt. It is often used when an individual owes more money than what they can pay off in a short period of time, but they still have the desire and ability to pay it back over time. This type of bankruptcy is also known as a wage earner’s plan because it allows those who are employed to make payments towards their debts according to the court-approved repayment plan.
The primary benefit of filing for Chapter 13 Bankruptcy is that it offers debtors protection from creditors while allowing them to keep most or all of their assets. It also stops any collection actions such as wage garnishments and foreclosure proceedings that may be taken against them by creditors or other entities.
The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start 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