Los Angeles Chapter 13 Bankruptcy Attorneys

Chapter 13 is designed for individuals with regular income who do not qualify for chapter 7 bankruptcy and/or homeowners whose mortgages are in default and who want to save their homes from foreclosure. Corporations and partnerships are not eligible to file Chapter 13. To qualify for chapter 13, Debtor's secured debt cannot exceed $1,080,400 and unsecured debt cannot exceed $360,475. These limits are set forth in 11 U.S.C. Section 109 of the Bankruptcy Code. Depending on Debtor's disposable monthly income and the amount of priority debt that must be paid in full within a 3 or 5 year repayment period, our office will prepare a Plan which will need to get approved by a Bankruptcy Judge at the Confirmation hearing. Examples of priority debt that must be paid in full within the repayment period are arrears on the residence, domestic support obligations, and certain tax debts. A typical chapter 13 case takes 3-4 months to get a plan confirmed. The length of the plan (3 or 5 years) depends on Debtor's household size and previous six months income. The Debtor needs to mail the monthly plan payment to the Trustee's PO Box for the duration of the plan. Upon successful completion of the plan, Debtor will receive the Order of Discharge of Debtor from the Bankruptcy Court.

Depending on the fair market value of the Property, we may be able to help the Debtor avoid the junior lienholder(s)'s lien by filing a "LAM Motion" also known as a lien stripping motion or an adversary complaint against the junior lienholder(s). We confirm Chapter 13 plans and have lien stripping motions granted many times every month of the year. We can help you save your home, catch up on the arrears, and get rid of your unsecured debt. Our clients enjoy dealing with our Chapter 13 department Supervising Associate Attorney Sofya Davtyan and her Paralegal Yathida Nipha and their cool boss, Michael Jay Berger. We care about our clients, and we know what we are doing.