Chico Chapter 13 Bankruptcy Lawyer
Helping Clients With Bankruptcy in Butte County
If you or someone you care about is dealing with the burden of unmanageable debt, Chapter 13 bankruptcy may be a workable solution to help you get back on track. This type of bankruptcy is sometimes referred to as "wage-earners bankruptcy" because it is actually a debt reorganization and repayment program that gives you the ability to create a feasible payment plan based on your income, expenses and debts to pay back what is owed.
In order to determine whether Chapter 13 bankruptcy is the right choice for you, it is in your best interests to discuss your financial situation with a knowledgeable Butte County bankruptcy attorney. You will need to understand what bankruptcy can and can't do for you, and how it will affect your future, so you can make an educated decision about the course of action you should take in your particular circumstances.
There are Many Benefits to Filing Chapter 13
Unlike Chapter 7 bankruptcy, where assets are liquidated and debts are cleared, you are able to keep the things you have worked so hard to acquire over time. There are many benefits to Chapter 13 such as:
Chapter 13 Eligibility
Considering filing for Chapter 13? In order to qualify, you must:
- Be earning a regular income
- Your debt must be within the limits:
- Unsecured Debt: $419,275
- Secured Debt: $1,257,850
- Your tax filings must be current
- You cannot have filed Chapter 7 in the last 4 years
- You cannot have filed Chapter 13 in the last 2 years
- You cannot have a bankruptcy petition for Chapter 7 or 13 that was dismissed in the last 180 days for certain reasons such as failing to appear in court
Call a Chapter 13 Attorney in Chico Today (888) 325-1181
At The Law Office of Nikki Farris, our extensively experienced team of legal representatives has been representing clients in need of solutions for overwhelming debt for several years. We are passionate about helping people become debt free and are relentless about pursuing this goal for our clients. There is a light at the end of the tunnel and we are standing by to assist you in making the right decisions to start the process of taking control of your finances and making a brighter future.
“Nikki Farris is very easy to talk to, professional and knowledgeable.” - Rachele T.
“Fast consultation and excellent service.” - Lucian R.
“Nikki was so kind, so compassionate.” - Kali H.