Chapter 13

Chapter 13 Bankruptcy Attorneys in San Diego, California

If the thought of declaring Chapter 7 bankruptcy seems too drastic and you feel you can pay off your debt over time if given the chance, Chapter 13 bankruptcy may be the option for you.

At Chang & Diamond, APC, our attorneys understand your desire to pay off your debt and honor your obligations. Contact us today to find out if you qualify for Chapter 13 bankruptcy.

Consolidation, Not Liquidation

Unlike Chapter 7 bankruptcy where your unsecured debt is discharged, Chapter 13 bankruptcy reorganizes your debt so that you can make more manageable payments through debt consolidation. When you visit one of our Southern California offices to speak with a lawyer about Chapter 13 bankruptcy, we will analyze your debt, assets, and income. We use a means test to figure out if you can pay off your unsecured debt within the next three to five years.

Debt repayment is not a dream, with the right help it can become a reality that brings immediate debt relief, stops foreclosure, and ends harassment.

The Truth about Private Debt Consolidation Companies

You may ask, "Can't I do the same thing through a debt consolidation company and avoid the stigma of declaring bankruptcy?" While this is an option, we at Chang & Diamond, APC, frequently counsel clients that private debt consolidation often only makes the situation worse.

Unlike Chapter 13 bankruptcy, debt consolidation through a private company does not guarantee debt relief within three to five years. Private debt consolidation companies are typically underwritten by the banks you already owe—there is an inherent conflict in this kind of arrangement that results in huge fees.

Furthermore, Chapter 13 bankruptcy will put an end to creditor harassment and the threat of repossession and foreclosure—private companies cannot promise this. In our experience helping clients find debt relief, we have never seen a single success story when people have opted to have their debt consolidated through a private company. Why take the risk?

If you are drowning in a sea of debt and unable to recover on your own, declaring bankruptcy is the best deal you will ever get. Let our attorneys help you take advantage of this opportunity to put an end to the cycle of debt. Contact us today.