Certified Bankruptcy Specialist
Santa Monica Office Helping You Save Time, Money & Stress

Los Angeles Chapter 13 Bankruptcy Attorneys

Resolve Debts Through a Repayment Plan

Are you constantly hassled by creditors threatening to repossess your possessions, even the car you drive to get to work? Has your mortgage company continuously warned you that they will foreclose your home? Are you sick and tired of having your hard-earned wages being immediately garnished by the IRS? If the answer to any of these questions is "Yes," you should immediately turn to our dependable Chapter 13 bankruptcy lawyers in Los Angeles.

At The Turoci Bankruptcy Firm, our seasoned and empathetic bankruptcy attorneys can support you through the application process, helping you avoid the scare tactics imposed by creditors and illegitimate businesses trying to scam you out of your hard-worked salary.

Call us today at (310) 846-8454 for a completely free, completely non-obligatory consultation.

What Is a Chapter 13 Bankruptcy?

If you earn wages in any shape or form of business, then Chapter 13 bankruptcy could be the perfect plan for you. The way that this bankruptcy plan works is by making any individual – who also is earning a reliable, regular income – finally be able to pay off the entirety of their debts, or at least the major portion. In order to apply for this Chapter, what debtors need to do is come up with a reasonable repayment plan that demonstrates how they can realistically return installments over three to five years to their creditors.

How Are Chapter 13 Repayment Plans Calculated?

Debtors must propose a repayment plan that structures their debt into manageable monthly payments.

Repayment plans typically will factor in:

  • Amount of Debt: You must take into account all of your debt, including mortgages, loans, priority debts, and more.
  • Disposable Income: You must determine your disposable income by looking at your monthly income minus your living expenses. If you have a higher disposable income, you'll typically have a higher monthly payment.
  • Length of Time: If your monthly wage is currently less than the average median of the state’s applicable set income standard, then your plan only needs to be for three years. If your monthly wage is currently more than this average median, then you can repay your debts over a period of five years. The great news is that you will not need to make a plan over five years, chaining you to a long-term commitment.

During this entire process, the government bans creditors from either beginning or continuing to try to collect your money or repossess your property.

Discharge Requirements

Once you are set on paying your debts on your organized payment plan, you will eventually be able to have a discharge. In order to be eligible for this discharge, you need to make sure that you have completely paid off any prior obligations towards domestic support and that you have not been granted discharge recently (within four years for Chapters 7, 11, and 12, and within two years for Chapter 13). You will also need to gain approval showing that you have successfully completed a financial management course.

Advantages of Chapter 13

Unlike Chapter 7, which requires individuals to actually liquidate their valuable property and possessions, Chapter 13 has the advantage of giving you many more opportunities for independence.

Just some of the benefits of Chapter 13 include:

  • Stop foreclosure: The opportunity to rescue your home by immediately halting foreclosure demands from mortgage companies
  • Repay debts over time: The ability to reschedule all of your secured debts over a longer period of time during the remainder of your plan, which often succeeds in lowering the amounts of the payments owed themselves
  • Halt creditor harassment: The absence of creditors making direct and often grievous or even hostile contact; since you will have a trustee distributing your payments like a consolidation loan to your creditors, you will never have to directly interact with creditors again

Receive Reliable Legal Counsel from a Seasoned Attorney

There are many complexities involved in filing for Chapter 13, not only restrictions, but even opportunities to apply for special allowances, such as hardship discharges. However, it can be very difficult to navigate through the application on your own. You should consult our experienced Chapter 13 bankruptcy attorneys in Los Angeles for dependable legal counsel before you begin the filing process.

Related Reading:

Contact us today at (310) 846-8454 so that The Turoci Bankruptcy Firm can safely guide you through the entire application process.

Client Testimonials 

Hear It From the People We Have Helped
  • I definitely recommend Mr. Turoci, he made my bankruptcy process go smoothly and easily.

    “I definitely recommend Mr. Turoci, he made my bankruptcy process go smoothly and easily. He explained everything to me. He is extremely professional and helpful. My case took less than a month and I ...”

    - Tom B.
  • The Turoci firm was amazing.

    “The Turoci firm was amazing. From the start to finish the process was transparent. I appreciate all their hard work throughout my process. Thank you”

    - Katie L.
  • I'm very happy with the service I received from the Turoci Bankruptcy Firm, and I would recommend them to anyone looking to file bankruptcy.

    “I was unemployed, and with no source of income, unable to pay my debts, so I decided to file chapter 7 bankruptcy. I went with Todd Turoci, because he office was close to where I live. Him and his ...”

    - Jamie G.
  • Todd, was great, He helped me to get through a rather tough time.

    “Todd, was great, He helped me to get through a rather tough time. He and his staff were professional and helped me along every step of the way...Great work, and I will recommend him to anyone.”

    - Eric Quinn
  • Thank you Mr. Turoci for assisting me with my financial situation. You and your staff (Daisy, Courtney, Laura, and Dana) were so helpful!

    “Thank you Mr. Turoci for assisting me with my financial situation. You and your staff (Daisy, Courtney, Laura, and Dana) were so helpful and handled my situation. Very friendly and professional. I ...”

    - Kimberly Deasey

Meet Our Legal Team

Here to Guide You Every Step of the Way
  • Todd  Turoci Photo
    Todd Turoci

    Founding Attorney

    About Todd Turoci The Turoci Bankruptcy Firm is owned and operated by Todd Turoci. The Firm limits its practice to the field of bankruptcy, insolvency, workouts and related civil litigation matters. The Firm has offices in the counties of Riverside, Los Angeles, and San Bernardino. The Firm primarily represents Consumers and Businesses as Debtors and Debtors-in-possession in Chapters 7, 11, and 13. Todd Turoci is one of the few Certified Bankruptcy Specialists in the Central District and the ...
  • Meredith  Jury Photo
    Meredith Jury

    Retired Bankruptcy Judge

    About Meredith Jury Judge Jury joined the Firm in July 2018. She has served over 20 years as Bankruptcy Judge presiding over thousands of bankruptcy proceedings. She has also served as a member of the United States Bankruptcy Appellate Panel for the Ninth Circuit. Prior to taking the bench she had over 21 years of experience as a litigator primarily practicing in bankruptcy. She was the first female associate and partner at Best, Best, Krieger, a professional law firm in Los Angeles, California. ...

The Turoci Difference

Personal Guidance Through the Entire Process
  • Certified Bankruptcy Specialists

    Todd is one of the few Certified Bankruptcy Specialists in the Central District and the only one in the Inland Empire, as designated by the American Board of Certification.

  • Free, No-Obligation Consultation

    Our firm offers free, no-obligation consultations for those who chose to retain our services.

  • Compassion

    We can understand how challenging this process can be and will guide you through, every step of the way.

  • Availability

    We offer our clients after-hour, weekend and same day appointments to meet your busy schedule.

  • Personalized Attention

    When you hire us, you will have direct access to your attorney from start to finish.

  • Bilingual

    Our team is bilingual! We service our clients in English & Spanish.

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