San Jose Chapter 13 Attorney- Who is Eligible for Chapter 13
Not everyone could file for Chapter 7 bankruptcy; there are certain terms and conditions,
therefore it is important to hire a San Jose Chapter 13 Attorney to know more about these things.
You could file for the Chapter 7 unless you could afford to repay under the Chapter 13
bankruptcy plan since you make a lot of money than the median earnings in your state. Or you
have received bankruptcy case dismissal or discharge before. Or you have not taken part in the
compulsory credit counseling or involved in fraudulent activities. Before filing for Chapter 7
bankruptcy it is important to know what is essential therefore your petition will be successful.
Chapter 13 could provide you peace of mind from being harassed by creditors and debt
collectors. The Chapter 13 bankruptcy is quite different from the Chapter 7. If you want to file
for the Chapter 13, you will be allowed to pay all your debts on a certain payment plan. That is,
you don’t have to lose any of your property or possession in this process. Most of the times when
somebody decides to file bankruptcy, they would try to avoid being liable for their debt which
would result in poor credit score.
If you have a mortgage or car note and do not want to lose any of your property because of
repossession and foreclosure, then it is important to file for Chapter 13. Therefore it is important
to hire a San Jose Chapter 13 Attorney in order to solve this problem smoothly. Since, only an
experienced professional will be able to deal in such cases.
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