There is not actually a Chapter 20 bankruptcy in the bankruptcy code. It is a term used to describe filing for Chapter 7 bankruptcy first and then filing for Chapter 13 bankruptcy — 7 + 13 = 20. While Chapter 20 bankruptcies are not as common as they once were, they can still provide significant benefits to people in certain circumstances.If you are considering filing for bankruptcy and have questions about Chapter 20, the attorneys at Simon Resnik Hayes LLP, are here to help. We provided experienced bankruptcy for clients throughout the Los Angeles area.Call 888.368.4099 or contact us online for a free consultation with a California bankruptcy lawyer. It could be your first step on the road to debt relief.

How Can Chapter 20 Bankruptcy Help?

The aim of a Chapter 20 bankruptcy is to eliminate as much debt as possible in a Chapter 7 bankruptcy and then restructure remaining debt into a manageable payment plan through Chapter 13. You can even remove liens that were not discharged in a prior bankruptcy.

Chapter 20 bankruptcies can provide multiple layers of debt protection, as there are certain types of debt that can only be discharged in a Chapter 13 case.

Chapter 20 Pitfalls

There are impediments to Chapter 20 bankruptcy, mainly due to the time restrictions for subsequent bankruptcy filings. Bankruptcy law requires you wait four years after completion of a Chapter 7 bankruptcy before filing for a Chapter 13.

There is also a tendency among judges to view Chapter 20 bankruptcies with skepticism. For a judge to allow subsequent bankruptcy filings, he or she may need to be convinced that you are acting in good faith.

Our attorneys have extensive experience handling both Chapter 7 and Chapter 13 bankruptcies and can help you understand if filing for Chapter 20 is right for you.

Contact Us

For a free initial consultation about filing for bankruptcy with Simon Resnik Hayes LLP, call 888.368.4099 or contact us online. Our offices are open weekdays from 7:00 a.m. to 7:00 p.m., and we serve clients in the Los Angeles area and San Fernando Valley through offices in Sherman Oaks and Los Angeles.

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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.