Tax Debt and Foreclosure Defense Attorney
If you are sick or tired of IRS harassment and or living under threats of foreclosure or repossession, filing for chapter 13 bankruptcy might be the best choice you have.
How Does Chapter 13 Work?
Unlike Chapter 7, which consists of a short liquidation process capped by a discharge of your debt, Chapter 13 is made up primarily of a payment plan. This payment plan — typically lasting between three and five years — is overseen by a trustee. Shortly after your final payment, your remaining dischargeable debts will be wiped away.
Why Chapter 13?
For many consumers, Chapter 13 is the only debt relief option available due to their inability to qualify for Chapter 7 because of recent changes to the bankruptcy code. For others, Chapter 13 is simply a better fit for their situation. This form of bankruptcy is often advantageous to consumers who are facing a home foreclosure or have tax debts that are less than 3 years old and have been filed on time. In Chapter 13, interest and penalties will be waived on tax debts provided all tax arrears are fully paid through the plan and you qualify for a discharge of your debts. Interest and penalties added to tax arrears make it almost impossible for you to pay off the tax debt so Chapter 13 is an ideal way to contend with taxes that cannot be discharged through a Chapter 7. One thing that is important to remember about Chapter 13 is that you must have sufficient income to make the payment plan work.
Free Initial Consultation — Call 707-981-4737
Contact a Petaluma Chapter 13 Bankruptcy Lawyer
I am attorney Andrew Kern. If you are considering bankruptcy, I stand by the philosophy that I am here to help, not here to judge. To discuss your situation with me in a free consultation, contact me online or call 707-981-4737. My office is conveniently located near Highway 101 in Petaluma.
I am a debt relief attorney. I help people file for bankruptcy relief under the Bankruptcy Code.
