Recovery Law Group

Chapter 13 bankruptcy offers a flexible and more reliable solution for people looking to settle their debts. It is suitable for people with a regular income but an overwhelming amount of debt. Through Chapter 13 bankruptcy California, the applicant gets 3-5 years of debt repayment plans with reduced interest. At the end of the tenure, the debt payment is compared with the debt balance. If the compared amount is less, the remaining debt is discharged. Essentially, Chapter 13 bankruptcy in California allows you to get caught up on past-due payments during a structured 3 - 5 year plan and repayment. This way, Chapter 13 bankruptcy California can stop certain things, like foreclosure, repossessions, wage garnishments, and judgments, etc.  Chapter 13 bankruptcy is a desirable option for people who want relief from the high levels of secured debt on payments from valuable properties that they have acquired without losing that asset or secured debt. The bankruptcy gives the client breathing