Finding a Chapter 13 Bankruptcy Attorney in San Jose CA is easier than you’d think. The hard part is finding one who is qualified and experienced to keep the filing process simple, and as less stressful as possible.
The first thing you must understand is that filing for bankruptcy is not a criminal act – nor does it make you a bad person or failure. This is a commonly misunderstood concept that you need to understand before moving forward with bankruptcy filing. Every United States citizen is provided certain rights under the US Constitution and bankruptcy protection is one of those rights.
But, how do you determine whether a certain bankruptcy filing is right for you? Fortunately the US Federal Government and qualified bankruptcy lawyers understand the differences between Chapter 7 and Chapter 13 Bankruptcy. Traditionally, the best people suited for Chapter 13 are people who can afford to pay for monthly living cost as well as a court mandated payment to pay off debt. If you can’t accomplish this, then perhaps Chapter 7 filing is best suited for you.
There are a few important elements which go into determining whether you qualify for filing Chapter 13. People who are best to file Chapter 13 are those who;
1. Are behind on payments of secure assets like homes, vehicles and valuable property. Most people will file for Chapter 13 to stop repossession proceedings on these property types.
2. People who have a very high income to debt ratio. If your income to debt ratio is too high however, the Federal Court might have you file Chapter 7 though.
3. If you have some tax debts, chapter 13 is best suited for you; as the Federal Government is pretty strict on repaying tax debt for some reason.
4. If you have filed for Chapter 7 within an eight year period, you must file Chapter 13.
The decision to file for chapter 13 bankruptcy is an important one that requires some good counsel from experts in this particular field. It is not a decision that should be taken lightly or made without speaking with a bankruptcy attorney first. You have the ability to rebuild your life after filing for bankruptcy, but only when you start with the proper filing and payment program that is realistic and affordable.
The bottom line is that when you’re ready to consider filing for Chapter 13 bankruptcy, the best thing you can do is find a Chapter 13 Bankruptcy Attorney in San Jose CA who has the experience and methods to help rebuilt your financial future.
Hiring a Finding a Chapter 13 Bankruptcy Attorney in San Jose CA is often a last resort for many people. For more information contact Shulman Law Office today.
