Articles Posted in Chapter 13

Filing Chapter 13 bankruptcy is not simply a legal process—it is a commitment. While Chapter 7 bankruptcy may be completed in a matter of months, Chapter 13 requires debtors to stay focused on a financial plan that typically lasts three to five years. For many Sacramento-area residents, Chapter 13 offers an opportunity to save a…

For many people struggling with debt, bankruptcy appears to offer a fresh start. However, some individuals find themselves caught in one of the most difficult situations in bankruptcy law: they have valuable assets that may be lost in a Chapter 7 bankruptcy, but they also cannot afford the monthly payments required in a Chapter 13…

One of the biggest fears people have before filing Chapter 13 bankruptcy in Sacramento is transportation. Many people worry: The good news is that Chapter 13 bankruptcy is often designed specifically to help people keep reliable transportation while reorganizing debt. In many cases, debtors actually end up in a more stable vehicle situation after filing…

One of the biggest concerns people have before filing bankruptcy in Sacramento is how the filing will affect family members who co-signed debts. Parents often co-sign car loans for children. Adult children sometimes co-sign credit cards or personal loans for parents. Spouses, siblings, and close friends frequently help each other qualify for financing during difficult…

If you’re exploring bankruptcy options in Sacramento, you’ve likely come across two primary paths: Chapter 7 and Chapter 13. What many people don’t realize, however, is that not all bankruptcy attorneys handle both types of cases. Some firms focus almost exclusively on Chapter 7. Others primarily handle Chapter 13. And while either approach can work in certain…

Filing for Chapter 13 bankruptcy is often viewed through a narrow lens—one focused on restriction, discipline, and, above all, time. In Sacramento, where rising living costs, economic volatility, and financial stress are increasingly common, many individuals and families ask the same question: “Is it hard to wait 3–5 years for a Chapter 13 plan to finish……

Lawsuits during a Debt Relief Program can be particularly stressful. You’re already struggling to manage your finances and repay debts, and then you get hit with a lawsuit. It feels like you’ve been kicked while you’re down, but it’s essential to remain calm and remember it’s not the end of the world. In such a…

If you’re considering bankruptcy as a means to erase or manage your debt, it’s important to understand the differences and implications of the types of bankruptcies available. In the U.S, the most commonly filed types of personal bankruptcies are Chapter 7 and Chapter 13, both of which can provide relief from overwhelming debt, but in…

At Liviakis Law Firm, we’ve worked with numerous clients who are concerned about what will happen to their assets when they file for Chapter 13 bankruptcy. While it’s a valid concern, the truth is that Chapter 13 bankruptcy is designed to help debtors reorganize their debts while keeping their assets intact. In this article, we’ll…

Become knowledgeable on how to protect the equity in your home, using Chapter 13 bankruptcy, with guidance from the highly reputed California bankruptcy attorneys at Liviakis Law Firm. What is Equity, and What’s Its Importance? Home equity, the difference between your current mortgage balance and the fair market value of your home, is not simply…