San Jose Chapter 13 Bankruptcy

San Jose Bankruptcy Lawyer
Concentrating on Consumer Debt

Chapter 13 Bankruptcy - San Jose

Chapter 13 bankruptcy allows a person to consolidate the debt while making convenient monthly payments to a trustee. A payment plan is proposed which repays the debt over a three to five year period. The amount of the monthly payment and the length of the repayment plan is based upon the following factors:

Monthly income of the person
Monthly expenses of the person
Amount and nature of the debt

The most common uses of Chapter 13 involve:

Repayment of mortgage arrears (back amounts owed) home
Restructuring of auto loans to save a vehicle

Secured debts are paid 100% on the dollar, while unsecured debts may be paid less than 100% on the dollar. A person receives a discharge under Chapter 13 once the payment plan is completed.

Susan Reyes,Attorney - 415-982-0241 - Please mention this website when you call