(562) 430-6002
Bankruptcy Practice Areas
Contact the Law Offices of Gary Leibowitz
4050 Katella Ave.
Suite 201
Los Alamitos, CA 90720
(562) 430-6002
The Law Offices of Gary Leibowitz
Located at 4050 Katella Ave, Suite 201 Los Alamitos, CA 90720. View Map
Phone: (562) 430-6002

Chapter 13 Bankruptcy

A Chapter 13 bankruptcy allows a debtor to discharge their debts after paying on a repayment plan over a 3 to 5 year period. Debtors can typically protect all of their property through state law exemptions as in a Chapter 7 bankruptcy. The payment is generally based on what the debtor can afford after considering all allowable monthly expenses and the creditors are required to accept that amount. Typically, a debtor is only required to pay back a portion of their total debt. After the repayment plan is concluded the remaining unsecured debt is discharged.

Process of Chapter 13 Bankruptcy 

  • Initial Comprehensive Consultation
  • Retain Attorney
  • Pay Attorneys Fees
  • Complete Pre-Filing Credit Counseling Course, required by law (available online)
  • Attorney Completes Bankruptcy Petition
  • Attorney Reviews Bankruptcy Petition with Client
  • Client Signs the Bankruptcy Petition and Petition is Filed with the Court
  • Complete Post-Filing Credit Counseling Course, required by law (available online)
  • Attend 341(a) Meeting with Attorney Present
  • Confirmation Hearing For Determining Monthly Payment

Benefits of a Chapter 13 

Payback Arrearages/ Save Your Home

If you are behind on your mortgage payments a Chapter 13 bankruptcy can force creditors to accept payback of your arrearages tendered in monthly payments over a maximum of 60 months. This provides you with the opportunity to get back on your feet and pay back only a small portion of your delinquent payments over an extended period of time.

Lien Strip

As part of a Chapter 13 bankruptcy a debtor may be able to strip off a second or third mortgage upon completion of the Chapter 13 plan. This means that after you receive a discharge in a Chapter 13 bankruptcy you will never have to pay on your second or third mortgage ever again.  This is a powerful tool allowing possible savings of hundreds of thousands of dollars. A qualified attorney at the Leibowitz Law Group will determine if you qualify for a lien strip.

California Bankruptcy Lawyer
Contact Leibowitz Law Group

The information on this California Bankruptcy Attorney / Law Firm website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship. Administration

Los Alamitos Office:
4050 Katella Ave. Suite 201 Los Alamitos, CA 90720 Phone: (562) 430-6002

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