Chapter 13 Bankruptcy

Proven, Knowledgeable Bankruptcy Attorneys in San Diego

We are extremely resourceful in helping many clients get maximum debt relief through a Chapter 7 "liquidation" bankruptcy filing. However, your financial situation may be complex due to a variety of factors including your current income, assets or equity in assets, and the types of debt you have. For some individuals and families, a Chapter 13 "wage earner" bankruptcy is the best available option.

Whether you have too much debt and want to examine all your options, or have some information and believe you need a carefully structured Chapter 13 Bankruptcy plan, we encourage you to contact our experienced lawyers. Attorney Samuel S. Godkin and our associates have filed thousands of successful bankruptcy cases.

A Solution for People With Substantial Income but Too Much Debt

Some people must consider Chapter 13 because, although facing a severe debt load, their annual income is too great to qualify for Chapter 7 Bankruptcy. Others are burdened by debts that cannot be legally discharged in any bankruptcy, such as:

• Past-due child support or spousal support
• Recent unpaid taxes
• Secured debts for property you want to protect

Many key benefits are the same — including an end to collection calls and protection from judgments against you — but Chapter 13 typically requires a repayment plan for priority debts and portions of others over several years. We evaluate and explain all viable options for our clients. Equally important, we thoroughly explain the obligations and pitfalls associated with Chapter 13 Bankruptcy as well as the benefits.

An Alternative to Loan Modification for Protection of a Home

The recent foreclosure crisis and widespread decline in home values has increased attention on Chapter 13 Bankruptcy, because some second mortgages can be eliminated this way and filing gives others time to catch up and stay in their homes. If you are currently considering a loan modification to avoid foreclosure, contact us today to discuss whether bankruptcy could be a better plan for you. While we can help you with either a bankruptcy filing or loan modification, we have found that bankruptcy typically provides better results for most people. We have been filing bankruptcies in California since 1996 and we know your legal options and opportunities inside-out. Our goals for clients in this area are to identify the best strategy and plan and move forward when the time is right.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.