Google
Facebook Twitter LinkedIn YouTube Flickr Blog Google Play Apple Store

805.202.4688 Santa Barbara

1029 State Street Suite #120

Santa Barbara, CA 93101
Find us on Google+

661.631.0252 Bakersfield

1712 19th St. Suite #217

Bakersfield, CA 93301
Find us on Google+

805.409.0540 Westlake Village

2945 Townsgate Rd. Suite 200

Westlake Village, CA 91361

Find us on Google+

805.654.1467 Ventura

3639 E. Harbor Blvd. Suite #103

Ventura, CA 93001
Find us on Google+


Contact Us

Email: salehilaw@aol.com     Fax: 805.830.0387

Susan J Salehi Attorney at Law
 
 

Susansusan

Serving California Bankruptcy Clients Since 1992

Experienced Chapter 7 and Chapter 13 Bankruptcy Attorney

Offices in Ventura, Santa Barbara, Bakersfield, and Woodland Hills

Se Habla Espanol


Bankruptcy

(click on the picture)

Bankruptcy is not a Bad Word!

  Erase Debt

(click on the picture)

Bankruptcy is Still an Option! Get a Fresh Start!

 

 

Chapter 7 and Chapter 13 Bankruptcy Attorney Susan J. Salehi Bankruptcy Lawyer for Ventura County, Santa Barbara County, Kern County, Los Angeles County Chapter 7 and Chapter 13


Do I need to File a Chapter 7 or 13?

Chapter 13 offers individuals a number of advantages over liquidation under chapter 7. Perhaps most significantly, chapter 13 offers individuals an opportunity to save their homes from foreclosure. By filing under this chapter, individuals can stop foreclosure proceedings and may cure delinquent mortgage payments over 3 to 5 years. Nevertheless, they must still make all mortgage payments that come due during the chapter 13 plan on time. Another advantage of chapter 13 is that it allows individuals to reschedule secured debts (other than a mortgage for their primary residence) and extend them over the life of the chapter 13 plan. Doing this may lower the payments.  Chapter 13 acts like a consolidation loan under which the individual makes the plan payments to a chapter 13 trustee who then distributes payments to creditors - certain debts must be paid in full while unsecured debts can receive as little as 0% of what you owe them through your plan. Individuals will have no direct contact with creditors while under chapter 13 protection.  Finally, you may be able to "strip off" an unsecured second mortgage on your home and treat it like your other unsecured debts.

 

If it looks complicated, it is because it IS complicated. 
Call for a free consultation with the attorney today.

Filing Procedures under the New Bankruptcy Code
(Effective October 17, 2005)

We are proudly a debt relief agency.
Site Map