1. Chapter 13 Bankruptcy in Salinas CA
Chapter 13 Bankruptcy
Salinas CA
If you are considering filing for bankruptcy it can be confusing on what type to file. We will help
you determine if Chapter 13 bankruptcy in Salinas CA is the correct type to file. What is Chapter
13 bankruptcy in Salinas CA, are you eligible, and how does repayment work? After reading this
article, you will know if Chapter 13 bankruptcy in Salinas CA is what you need. We will show
you what Chapter 13 bankruptcy in Salinas CA entails, how your repayment works, and if you
qualify. When you finish you will be able to decide if Chapter 13 bankruptcy in Salinas CA is the
type of bankruptcy you need to file.
What is Chapter 13 Bankruptcy in Salinas CA
With Chapter 13 bankruptcy in Salinas CA, you are able to keep your assets. Chapter 13
bankruptcy in Salinas CA requires you to set up a repayment plan with your creditors. Allowing
you to keep your possessions and property. Another advantage to Chapter 13 bankruptcy in
Salinas CA is it stays on your record for 2 years less than Chapter 7 bankruptcy.By filing
Chapter 13 bankruptcy in Salinas CA you keep your assets. You repay your debts over time
with Chapter 13 in Salinas CA. You get to keep your assets even though you file Chapter 13
bankruptcy in Salinas CA. Chapter 13 bankruptcy in Salinas CA stays on your credit report for a
shorter amount of time.
Eligibility for Filing Chapter 13 Bankruptcy in Salinas CA
Not everyone is eligible for filing Chapter 13 bankruptcy in Salinas CA. Corporations and sole
proprietorships cannot file Chapter 13 bankruptcy in Salinas CA. You must have enough income
to meet the repayment plan for Chapter 13 bankruptcy in Salinas CA.
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2. Chapter 13 bankruptcy in Salinas CA has limits for filing. You cannot have more than one million
eighty one thousand and four hundred dollars in secured debt and over More than 360,000
unsecured debts.
How Chapter 13 Bankruptcy in Salinas CA Repayment Plans Work
A trustee will be appointed to handle your Chapter 13 bankruptcy in Salinas CA repayment.
Responsibility for deciding the order your debts are repaid is made by the trustee. Debt that is
secured is paid first. Unsecured debts such as medical bills, student loans, etc. are paid
last.The job of the trustee is to collect the payments and distribute them to your creditors until
the debts are repaid. Mortgages may be paid directly to your loan provider.
Chapter 13 bankruptcy in Salinas CA can be a lot to process. We’ve covered the basics of
Chapter 13 bankruptcy in Salinas CA, repayment options, and how to know if you qualify. When
contending with a complex legal matter like Chapter 13 bankruptcy in Salinas CA it’s very
helpful to look for the aid of an experienced Chapter 13 bankruptcy attorney in Salinas CA.
Bankruptcy Lawyer Stephen H. Kim is available to help you any questions you might have with
the process of registering Chapter 13 bankruptcy in Salinas CA. We provide knowledgeable
representation you can depend on. Never attempt to cope with Chapter 13 without any help.
Stephen H. Kim is an attorney at law you can rely on. We have handled numerous Chapter 13
bankruptcy cases in Salinas CA and will be sure an individual’s interests are safe. Please
contact us immediately if you are considering filing for Chapter 13 bankruptcy in Salinas CA.
I am right here to help with making the entire process of declaring Chapter 13 bankruptcy in
Salinas CA as speedy and straightforward as possible.
Stephen H. Kim, Attorney at Law
376A Main Street
Salinas, CA 93901
831-221-5022
Chapter 13 Bankruptcy Salinas CA
Chapter 13 Bankruptcy in Salinas CA
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