Chapter 13 Bankruptcy Attorneys in Murrieta

Filing for Chapter 13 bankruptcy is always a difficult decision to make.  People who are faced with this serious decision usually feel stressed, uncertain and even hopeless, which can stop them from taking necessary action to protect their financial well-being. 

If you are thinking about filing for Chapter 13 bankruptcy in Murrieta County or Murrieta, know that the consumer bankruptcy attorneys at Singleton Smith Law Offices are here to help you.  We have worked with numerous clients, like you, who have needed to file for Chapter 13.  With our help, our clients were able to complete the Chapter 13 process in a short amount of time while protecting their most important assets.

To learn how we can help you make your Chapter 13 petition successful, contact our Murrieta Chapter 13 lawyers to set up a free initial consultation!

What is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy is similar to Chapter 7 in that it is a legal proceeding that is meant to address and deal with the debts consumers owe to creditors.  However, when people file for Chapter 13 and are successful with their bankruptcy petitions, they agree to repay their debts to creditors over the time span of 3 -5 years.  When people complete the Chapter 7 bankruptcy process, their debts are discharged, not repaid.

For people who have higher incomes, Chapter 13 is usually the type of bankruptcy that is most appropriate as it allows people to reorganize their finances and then come up with feasible repayment plans.  This type of bankruptcy is ideal for people who wish to repay their debts, but simply need time to do so.  Additionally, Chapter 13 bankruptcy is idyllic for people who wish to avoid the liquidation process and remain in possession of their assets and property.