Chapter 13 Bankruptcy can be used to prevent foreclosure and safeguard the home by restructuring past due mortgage payments.  Filing Chapter 13 bankruptcy in San Diego can also prevent repossession of a vehicle by restructuring the loan payments to make it more affordable.

San Diego Chapter 13 debt relief gives individuals several advantages when compared to liquidation by Chapter 7 bankruptcy.  The most common reason is that the debtor can save their home from foreclosure.  By filing a Chapter 13, the consumer will stop all foreclosure actions and will be able to cure late mortgage payments under the bankruptcy plan. This is not like a San Diego Chapter 7 because you will still have to make your mortgage payments.  Your San Diego bankruptcy lawyer can decide if this form of debt relief is right for you.

Similarly, Chapter 13 debt relief in San Diego can allow you to reorganize secured debts.  An example would be the second mortgage on your home.  Chapter 13 bankruptcy is like putting all your debts into one loan.  You can better keep track of your payments and most of the time you payments will be lower.  As San Diego bankruptcy lawyers, we see clients really regain their financial freedom.

The threat of foreclosure on one’s San Diego home can be one of the most stressful periods of a consumer’s life.  Everything you have worked for is about to be taken away.  We are bankruptcy lawyers that can help.  Take control of your financial future and contact us today for a no stress, confidential consultation.

Not only can an experienced bankruptcy lawyer save you home, we may be able to remove the 2nd mortgage from your home with Chapter 13 debt relief.  See our article here.

For over 35 years, the San Diego bankruptcy lawyers at the Law Office of Harold D. Thompson have been helping people all over San Diego County and California get the debt relief and fresh start they deserve.  Our bankruptcy filings start at $800.00 and you will always speak with an experienced bankruptcy lawyer.   Call our office TODAY for a free consultation or visit our other websites at www.SanDiegoBankruptcyLawyerBlog.com and www.MySanDiegoBankruptcy.com