Chapter 13 Bankruptcy

Merrisa L. Coleman-Bishop — Northern California and San Jose Chapter 13 Bankruptcy Lawyer

If you are having trouble paying your mortgage, car payments and general bills, San Jose bankruptcy attorney Merrisa L. Coleman-Bishop can review your situation and help you file bankruptcy in order to achieve debt relief.

For those people with steady incomes from employment, child support, pension plans or Social Security benefits, Chapter 13 bankruptcy may be the best option.

Under Chapter 13 bankruptcy, debts are consolidated into one, lower monthly payment. Unlike in Chapter 7 bankruptcy, debts are not discharged right away. Rather, the debtor is expected to make payments them over a three to five year period. These debts include:

  • Home mortgages
  • Car loans
  • Some taxes
  • Spousal support (alimony)
  • Owed wages to an employer

Santa Clara County bankruptcy lawyer Merrisa Coleman-Bishop can represent you during the Chapter 13 bankruptcy process and guide you along the path towards financial freedom. Contact her office in San Jose, California, to schedule a bankruptcy consultation. She represents clients in the Bay Area and throughout Northern California, including Sacramento.

Benefits to Northern California Clients of Filing Chapter 13 Bankruptcy

Merrisa Coleman-Bishop can thoroughly explain the benefits of filing Chapter 13 bankruptcy, including placing an automatic stay on collection actions. After filing bankruptcy, creditors can no longer harass you at home or work. They cannot take any legal action against you to collect the debt owed, including wage garnishments, repossession, liens, levies or foreclosure.

Stopping Home Foreclosures: California Bankruptcy Courts Already Have Cram Down Power

You may have heard on the news that Congress is considering instituting a "cram down" provision that would allow the bankruptcy courts to modify bankrupt homeowners' mortgages.

What you may not realize is that the bankruptcy courts in California and throughout the Ninth Circuit already have this cram down power. The bankruptcy court, using this power to modify contracts, may be able to help you save your home if you file for Chapter 13 bankruptcy.

Every bankruptcy is decided based on a variety of issues, including each case's individual facts. There is no guarantee that your case will be resolved in the same way as someone else's — even if they appear on the surface to have similar facts — so it is important to get advice from an experienced bankruptcy lawyer.

Attorney Merrisa Coleman-Bishop can explain how Chapter 13 and the "cram down" process works and whether you could benefit.

Contact the Law Office of Merrisa Coleman-Bishop in San Jose

San Jose bankruptcy attorney Merrisa Coleman-Bishop assists people facing financial difficulty in filing Chapter 13 bankruptcy. She will work with you and creditors to reduce your monthly payments and to set up a payment plan that helps you achieve debt relief. Contact her office today to schedule a bankruptcy consultation.