A Chapter 13 bankruptcy is a good option if you have fallen behind on your home or car loan. A Chapter 13 bankruptcy will allow you the chance to catch up on missed payments while the court protects you from your creditors. This means that while you are making your court payments, your lender cannot foreclose on your home or your car. A Chapter 13 bankruptcy is also a good option if you have a second mortgage or are underwater on your vehicle loan. Depending on the equity in your first mortgage, you may be able to strip a second mortgage from your property. This means that after you get done paying the Chapter 13 plan payments, your second mortgage will be removed from your property, even if it was not paid in full through the Chapter 13 Plan. Depending on how long you have owned your vehicle, you may be eligible to cram down your loan (reduce the amount of the loan to the fair market value of the vehicle) and/or reduce your interest in a Chapter 13 bankruptcy.
The Schill Law Group’s bankruptcy attorneys will directly handle all matters of your Chapter 13. While many Chapter 13 cases fail when debtors fall behind on payments, the Schill Law Group advocates on behalf of their clients to resolve any delinquent payments with the Bankruptcy Court. For a flat fee, the Schill Law Group will diligently file amended or modified plans to help you catch up on delinquent Chapter 13 payments in order to prevent your case from being dismissed. The Schill Law Group’s attorneys have been filing bankruptcy cases for the past six years. They have filed over 3,000 bankruptcy cases and have a strong record of confirming Chapter 13 cases. The Schill Law Group’s attorneys will work very hard to get you the lowest payments possible and will assist you in all matters of your Chapter 13 case. They will personally attend your bankruptcy hearing with you. They also appear at status hearings on your case, if necessary, for no additional charge. Please contact our office for a free consultation to determine if you qualify for a Chapter 13 bankruptcy.