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CHAPTER 13 BANKRUPTCY

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We help you get it by being there from the start all the way to the end.

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CHAPTER 13

A Chapter 13 bankruptcy results in a payment plan that allows you to repay some of your debt over 3 to 5 years with minimal interest. For example, you could make up missed mortgage or car payments to get current without penalties. Most importantly, the Chapter 13 bankruptcy allows debtors to retain their property. Under the right conditions, certain debts, like second mortgages and liens on real property may be stripped away.

HOW IT WORKS

step 1

We offer a free consultation with one of our experienced attorneys. There, we will discuss your situation and assess the best options for you and your case.

step 2

At EH Law Group, you can trust that only an attorney will prepare your petition for filing.

step 3

As required by the Bankruptcy Code, we will show you where to complete your online credit counseling class and obtain the required certificate.

step 4

Once the petition has been drafted and you have reviewed your petition, we will file it with the bankruptcy court. You will receive a case number and a hearing date for your 341 hearing

step 5

This is a hearing at the U.S Trustees office. The trustee and sometimes the creditors will ask questions about your petition and your case. You need to take a second debtor education class.

step 6

You're Done

FREQUENTLY ASKED QUESTIONS

Do not let the term “liquidation” scare you because the law has many exceptions in place which allows debtors to keep their personal belongings and in most cases their home and cars (these are called “exemptions”). Contact us for an appointment to discuss your situation. Learn more about Chapter 13 Bankruptcy below:

Many times a debtor who has too much income or assets will not be able to file a Chapter 7 bankruptcy but can file a Chapter 13. In a Chapter 13, you will repay a certain percentage of your debt over a 5 year period. The bankruptcy law has a “means test” to calculate how much a debtor needs to repay. A seasoned attorney will be able to help you figure out a proper payment plan, taking into consideration your monthly living expenses and income. This can result in the debtor paying back pennies on the dollar to the unsecured creditors.

There are a few restrictions to qualify for Chapter 13 bankruptcy: 1) You do not qualify for Chapter 13 bankruptcy if your secured debts exceed $1,149,525. Home loans and car loans are the most common examples of secured debts. 2) Your unsecured debts cannot exceed $383,175. Most debts are unsecured, including credit card debts, medical and legal bills, back utility bills, and department store charges.

If you would like more information on the means test and whether or not you qualify for a Chapter 13 bankruptcy, please give us a call or fill out our submission sheet online and we will discuss these issues with you.

The law protects you from creditors after the bankruptcy is filed. The creditor may not call you, your workplace, your friends or family to ask for the money. This protection is called the “automatic stay.” The automatic stay is so powerful that lawsuits, wage garnishments, bank levies or repossessions all must stop immediately. Until you file, our firm will filter calls by your creditors so you can complete the process in peace.

Only a few debtors ever have to go to “Court” for their bankruptcy. Every debtor must attend a 341 meeting of creditors. The meeting is in court but is run by the Chapter 13 Trustee. The Trustee will review your case with you and ask questions to make sure you did not miss anything. We will be with you every step of the way in the meeting.

Generally speaking, a Chapter 13 bankruptcy will be either 3 years or 5 years long. The Bankruptcy Court wants you to make an orderly repayment of your debts that won’t put you back in the hole.

Your creditor is breaking the law. Creditors are not allowed to continue to contact you or collect any money except under very specific conditions. If creditors continue to contact you, each incident is an egregious violation of the law. Our office can help you take the law and fight back. Depending on your case, we can start a lawsuit against the creditor and make them pay for these violations.

If you would like more information on post discharge collection violations, please give us a call or fill out our submission sheet online and we will discuss these issues with you.

CLIENT REVIEWS

Kathleen H
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We can't say enough about our experience with EH Law Group! They explained all the documentation that was needed up front and provided us with a checklist that made it very easy to gather together all the needed information. Eddy and his staff are absolutely fantastic and we would gladly recommend them to anyone who needs to go through bankruptcy.
H Kahn
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Thank You very much for all your help. I was in so much stress and you guys helped me out so much that words can't describe how much burden has been lifted off my shoulders. You guys were very helpful from the start to the end of my case, your staff explained everything clearly and were always there to answer any questions or concerns I had. Thank You very much for all your help and I rate you and your staff #1 in client care. If I ever need help again for myself or someone else I will refer them too you!!
Joe T
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Eddy made everything seamless, and took the stress out of the process. Everybody we dealt with in the office was very helpful, can't thank you enough.
Janice S.
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I am so glad I hired Eddy Hsu and his firm to represent me and my company! Not only is he a very intelligent and savvy lawyer, he has a fantastic straight talking manner. You will instantly feel at ease and you can rest with the confidence that you are in good hands. I can't imagine how I would have managed without Eddy and his team!
Greg R
Greg R
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Eddy’s team met with me the same day that I called for an appointment. My initial meeting was thorough and re-assuring. Everyone I worked with provided a high level of expertise and professionalism. I have absolutely no complaints, and Eddy’s office oversaw the disposition of my case without any difficulty. Everyone was very welcoming and non-judgmental. Their work is accurate and precise. I was extremely satisfied with the handling of my case. The attorneys were responsive to my needs and questions. Professional, knowledgeable, helpful
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FULL SERVICE BANKRUPTCY

You deserve a fresh start!

We help you get it by being there from the start all the way to the end.

GET A FREE CONSULT