Chapter 13 offers many types of relief not available in a Chapter 7. With Chapter
13 your dischargeable debts are also eliminated just like in a Chapter 7, and in many
cases you do not pay anything back on your unsecured debts. Unsecured debts are
debts like credit cards, personal loans, medical bills, debts from repossession,
foreclosures, lawsuits and some taxes. Whether or not you pay anything depends
on if you can afford it, not what your income is. So regardless of your income, if
you do not have any disposable income or nothing left over after you pay your
living expenses then you do not pay anything back on the unsecured debts. How
a Chapter 13 can help depends on your specific situation. It can:

• Reduce your monthly mortgage payments by eliminating second loans,
  mortgages, lines of credit, or HELOC.

• Stop foreclosure on your home and spread your missed payments over
  3 to 5 years.

• Lower your car payment and interest rate

• Spread non-dischargeable income tax debt over 3 to 5 years

Whether or not these types of relief are available to you will depend on your situation.
Call today to schedule a free consultation to see how Chapter 13 can help you.


Call 408 720 1709  Email william.parkslaw@gmail.com