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Chapter 13 Modern Solutions for Complex Legal Matters

Santa Clarita Chapter 13 Bankruptcy Attorneys

Chapter 13 Bankruptcy Lawyers Serving SCV

Chapter 13 is a reorganization of debt, allowing individuals (not corporations, LLCs, or other business entities) to repay all or a portion of their debts through a court-approved plan while protecting their assets. The concept is similar to debt consolidation, but unlike most debt consolidation programs, it permits debtors to pay all of their secured debt (e.g., mortgages and car loans) over time, and to pay only a fraction of their unsecured debt (often 10% or less), without accruing interest.

Under a typical plan, you make monthly payments to a court-appointed bankruptcy trustee for 36 to 60 months. The amount of your monthly payment is determined by the amount and type of debt, your income, your reasonable expenses, and your assets. Once a Chapter 13 repayment plan is confirmed, a trustee will disburse the plan payments previously made to the creditors in the amounts specified in the plan.

Is Chapter 13 Right for You?

If you file Chapter 13, the Court will require you to use your income to repay some or all of your debt. You will have to prove that you can afford to meet the repayment obligations that you propose. Don't let this scare you; a Chapter 13 repayment plan is essentially based on how much you can afford to pay, based on your income minus your legitimate, non-excessive monthly living expenses. If you complete your 3- or 5-year payment plan, the Court will discharge the rest of your eligible unsecured debt.

Stop Foreclosure on Your Home Immediately

Chapter 13 offers individuals an opportunity to save their homes from foreclosure. By filing Chapter 13, debtors are allowed to repay their overdue / past due payments in monthly installments over 3 to 5 years. Chapter 13 may also allow a homeowner to "avoid" (set aside) liens that are nominally secured by the house but are not supported by equity.

Save Your Car from Repossession

If you have fallen behind on your car payments, Chapter 13 may allow you to save your car from being repossessed by reinstating your original loan agreement and making up missed payments over time. Under certain circumstances, our Santa Clarita bankruptcy lawyers may even be able to recover your vehicle after repossession. In some cases, you may be able to lower your car payments and pay back a figure based on the current market value of the car, as opposed to what you owe on the loan.

Protect Your Co-Signers

Did a family member or friend co-sign on a loan for you that you are now having trouble paying for? Are they receiving harassing creditor calls and threats from creditors? Filing Chapter 13 will protect your co-signers from those harassing collection calls. Chapter 13 allows you to pay the remaining balance on those loans over 3 to 5 years and, in some instances, with no interest. Call one of our Santa Clarita bankruptcy attorneys to find out how.

Questions & Answers

What is "regular income?"

"Regular income" is income from wages, salary, self-employment, commissions, pension payments, Social Security benefits, disability or workers' compensation benefits, unemployment benefits, strike benefits, public benefits (e.g., welfare payments), royalties, rents, or child support or alimony that you receive on a predictable basis.

What is "disposable income?"

"Disposable income" is the money left over after you pay for basic living expenses, such as food, mortgage or rent, utilities, transportation, insurance, and certain installment payments on secured debt. These basic needs are taken into consideration in formulating a feasible Chapter 13 proposal.

How much will my monthly payment be?

The monthly plan payment is based on the amount you can reasonably afford to pay. In some circumstances, your payments will be enough to pay off all your creditors. Some debts need not be paid in full and (under the right circumstances) can be discharged without payment.

If I miss a scheduled payment under my Chapter 13 plan, can a creditor begin collection activities?

If you miss a scheduled payment, the Chapter 13 trustee can file a motion to dismiss your case or convert it to Chapter 7. Unless you can establish a valid reason for the missed payment(s) (such as job layoff or an unbudgeted medical expense) and propose how you will make up the missed payments, the case may be dismissed or converted to Chapter 7.

If you want more information about Chapter 13 bankruptcy, call us today. Our Santa Clarita bankruptcy lawyers can help you to work through your case.

Meet the Team Behind Young & Chic LLP

A team of strategic thinkers, problem-solvers, and advocates dedicated to protecting your interests with precision, integrity, and modern legal insight. Our team speaks Spanish, Korean, Russian, and Armenian.

Why Choose Young & Chic LLP?

  • ACCESSIBLE EXCELLENCE.

    We believe exceptional counsel should also be approachable. Our process starts with a complimentary consultation designed to understand your needs and provide strategic next steps.

  • CLARITY IN COMPLEXITY.

    Whether navigating Litigation, Business Law, Employment Defense, Real Estate Law, Bankruptcy, Estate Planning & Administration, or
    Probate matters, we simplify the legal process. Translating complexity into clear, actionable solutions.

  • TRUSTED. RECOGNIZED. RESPECTED.

    Our attorneys are recognized by peers and industry organizations for exceptional ethics, insight, and professionalism — including the prestigious AV® Rating from Martindale-Hubbell®.

  • STRATEGIC MINDS. MODERN APPROACH.

    We combine decades of experience with a forward-thinking perspective. Every case is handled with precision, efficiency, and a clear strategy tailored to your goals.

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Hear From Our Clients

Trusted by Clients Across California
    “They are hands down the most proficient and efficient group I've had the pleasure of working with. I highly, highly recommend them.”
    The law firm of Young & Chic LLP handled my bankruptcy with professionalism, care, and compassion. They are hands down the most proficient and efficient group I've had the pleasure of working with. I highly, highly recommend them.
    Mike K.
    “They were lightning fast as well, which was super important and ended up meaning that we got the property before someone else.”
    We used this firm to help us with a lease review. They caught some important mistakes and made terrific recommendations. They were lightning fast as well, which was super important and ended up meaning that we got the property before someone else. They also offered helpful follow-up. Couldn't be happier and will use them again.
    V V.
    “We really appreciate their time and effort to help us and we definitely recommend them to everybody.”
    We are very blessed to have business with Mr. Young and staff. They have us well taken care of. It was our first time filing for bankruptcy and we were very nervous about it. They made us feel at ease and educated us with the process. Our case went smoothly because of them. We really appreciate their time and effort to help us and we definitely recommend them to everybody.
    M G S.
    “I will be using this firm again soon for family estate planning. I strongly recommend Young & Chic LLP.”
    Very good law services, great staff, they were all very respectful to me and treated me well, especially Shelly M. I have never work with such a sweet and professional person. The office is nice with amazing conference room. I was in a situation that no one could seem to help me with and they figured it out. This law firm is amazing. I received responses to my questions almost immediately every time. The pricing can be a little steep, but it's worth it and they do not pressure you about payment up front, they also give you an opportunity to make payment arrangements. I will be using this firm again soon for family estate planning. I strongly recommend Young & Chic LLP.
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    I'm very pleased with the legal services provided by the Young & Chic LLP law firm. I became the trustee of my sister's trust upon her passing and needed help with administration, both legal and financial. She was located in Santa Clarita, and I'm located in Minnesota. With the great help of the staff, we were able to address all concerns from beneficiaries and myself to bring the administration to a close with minimal drama. Even with the distance between Young & Chic LLP and me, all went smoothly. If you need help with a trust, I would definitely recommend the services of Young & Chic LLP.

    Dennis S.
    “real estate”
    Consulted Mark about a real estate matter, talked to him 3 minutes and he gave me an accurate assessment of the law and how a court would rule, really loyal group, competent, excellent communication.
    James
    “Young & Chic LLP are the only team I would want representing me and you'd be wise to make the same choice.”
    You don't have to be Superman to fight for truth, justice and the American Way. The team at Young & Chic LLP are doing this every day and although their calm and professional Clark Kent demeanor might not show it, they are true super heroes in my book. Rarely do you call on the services of a law firm when life's all rainbows and unicorns. In fact, most of us call on these heroes when we are stressed, angry, depressed or perhaps even defeated. It is during these times of crisis that we need support, patience, understanding and compassion to light the way through the darkness. Young & Chic LLP provided us with this kind of hope and guided us through a very challenging real estate matter with the utmost professionalism and a broad and deep understanding of the legal issues at hand. There is a depth to this team that rivals any Sports Dynasty of the last century, including the infamous 1980's Los Angeles Lakers or the New England Patriots. Faster than a speeding legal brief, more powerful than a writ of execution, able to leap tall depositions in a single motion! Young & Chic LLP are the only team I would want representing me and you'd be wise to make the same choice.
    Arturo S.
    “We appreciate the compassion and competency held by every member of this firm and recommend the law offices of Young & Chic LLP to our friends and family throughout Los Angeles and all of California.”
    My family uses the law offices of Young & Chic LLP of Valencia, California, for some of the most critical preparations for our future and security in areas of estate planning. The unique circumstances of our situation were carefully examined and Mark Young along with his team of attorneys gave us options and advice in areas that will serve our future in intelligent and proactive ways. We feel protected, prepared and peaceful about everything this firm manages for us. We appreciate the compassion and competency held by every member of this firm and recommend the law offices of Young & Chic LLP to our friends and family throughout Los Angeles and all of California.
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