Thinking About Chapter 13
Everyone Deserves A Fresh Start . . . Why Not You?
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy is a type of Bankruptcy that provides relief for individuals who make too much money to qualify for Chapter 7 Bankruptcy. Known as “Reorganization Bankruptcy,” it is a powerful tool that enables individuals to protect their property and reorganize their debt, paying as much as their budget allows instead of trying to keep up with each creditor‘s minimum monthly payments.
Once a Chapter 13 Bankruptcy petition is filed, the U.S. Bankruptcy Court will issue an “Automatic Stay,” an injunction that prevents creditors from taking certain actions to collect debts. As long as the Automatic Stay is in effect, creditors generally cannot initiate or continue lawsuits, make threatening telephone calls, garnish wages, or try to sell your home by incorporating your past–due mortgage payments into the debt to be repaid. You will also be allowed to restructure secured debts so that you can repay them over the course of your plan.
Trusts, Corporations, and Partnerships cannot file Chapter 13; only an individual can file a Chapter 7 Bankruptcy. Saunders & Associates has been practicing law for 32 years, vigorously representing you.
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Our Clients Say
Sara M- Foreclosure Client
Very helpful from the beginning. They answered all my questions and were great at helping me save my home from foreclosure. I highly recommend this law firm.
Michael A- Litigation
I was in need of an experienced attorney who knows litigation. I was very happy with the service and the results. I was notified about the each step and what was happening. The client portal is a great tool to be able to access and upload.
S. Landsbrook- Foreclosure
Had to separate legal issues to deal with. First, the foreclosure I was going through was resolved after trying other companies, no one could help. After that was resolved I had a living trust which needed to be created. Everything went smooth.
Nathan Skaggs- Litigation
I contacted Saunders & Associates and asked them about some personal matters I was dealing with. They helped me promptly. I am so glad I reached out.
C. Teitelbaum- Foreclosure
The Saunders group not only saved my home and got me a low interest long term modification, they saved me $200,000 in the process. They are the pinnacle at what they do, and they do what they say!