805.202.4688 Santa Barbara
351 Paseo Nuevo -2nd Floor
Santa Barbara, CA 93101
1712 19th St. Suite #217
Bakersfield, CA 93301
2945 Townsgate Rd. Suite 200
Westlake Village, CA 91361
3639 E. Harbor Blvd. Suite #103
Ventura, CA 93001
Serving California Bankruptcy Clients Since 1992
Experienced Chapter 7 and Chapter 13 Bankruptcy Attorney
Offices in Ventura, Santa Barbara, Bakersfield, and Woodland Hills
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Bankruptcy is not a Bad Word!
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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
If it looks complicated, it
is because it IS complicated.
Call for a free consultation with the
Filing Procedures under the New Bankruptcy Code
(Effective October 17, 2005)
We are proudly a debt relief agency.
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