Chapter 13 · Commerce
Chapter 13 Attorney for Commerce Homeowners and Families
Commerce homeowners who fall behind can use Chapter 13 to stop a sale and catch up. Chapter 13 stops a foreclosure or repossession and lets you catch up over 3 to 5 years. Call (310) 362-9071 for a free consultation.
- Median owner home value: $598,700
- Stop a foreclosure or repossession
- Catch up over 3 to 5 years
- Meet in Beverly Hills or by video
Saving a home in Commerce
About 55% of homes in Commerce are lived in by their owners, and the median owner-occupied home is valued at $598,700. For many owners here, California's homestead exemption covers most or all of their equity. California's homestead exemption rises with inflation each year. In Los Angeles County, owners generally get the top amount, which is about $744,000 in 2026.
Commerce homes have a median value of about $599,000, and about 55% of homes are lived in by their owners. Chapter 13 stops a foreclosure and lets you repay missed payments over 3 to 5 years.
How long a Commerce Chapter 13 plan runs
Because half of Commerce households earn less than $77,064, many filers here are below the state median for their household size. Below-median filers can often use a 3-year plan instead of 5.
Your plan payment is based on your income after reasonable costs. Median rent in Commerce is $1,549 a month. A year of that rent equals about 24% of the city's median household income. Even so, a job loss or medical bill can push rent and other bills onto credit cards fast. Those housing costs count when we build your budget.
When Chapter 13 fits Commerce filers
- You are behind on a mortgage. Past-due payments are spread over the plan while the sale stays on hold. See stop foreclosure.
- You pass the means test but need more time. Many Commerce filers qualify for Chapter 7, yet choose Chapter 13 to catch up on a house or car they want to keep.
- You need to keep a car. Some older car loans can be cut to the car's value.
Chapter 13 is also useful when a Commerce family needs to keep a car with a high interest rate.
Where a Commerce Chapter 13 case is heard
Bankruptcy cases from Commerce are assigned to the Los Angeles Division of the U.S. Bankruptcy Court, Central District of California, at the Roybal Federal Building, 255 East Temple Street, downtown.
After filing, you make plan payments to the Chapter 13 trustee, and a judge confirms the plan at a hearing.
Related pages
If your debts are mostly credit cards and medical bills, a Chapter 7 attorney for Commerce may be the faster path. See bankruptcy attorney for Commerce for both options, or read our main Chapter 13 bankruptcy page.
Chapter 13 questions from Commerce
Can Chapter 13 stop a foreclosure on my Commerce home?
Yes, Chapter 13 can stop a foreclosure if it is filed before the sale. The missed payments are then paid over the plan while you keep making current payments.
Will I keep my Commerce home in Chapter 13?
Yes, you usually keep your home in Chapter 13 if you make the plan payments and stay current on the mortgage after filing. With a median home value near $599,000 in Commerce, many owners can protect their equity either way, so we compare both chapters.
Will Chapter 13 save my Commerce home if I am a year behind?
Chapter 13 can often save a Commerce home even if you are a year behind, as long as you can afford the regular payment plus a share of the arrears each month.
Free consultation
Protect your Commerce home or car
Call (310) 362-9071 or send the form. Have any sale date or notice ready.
Law Offices of John Asuncion9454 Wilshire Blvd., Penthouse Floor
Beverly Hills, CA 90212
(310) 362-9071
Monday to Friday, 9 a.m. to 6 p.m.