Chapter 13 · Torrance
Chapter 13 Attorney for Torrance Homeowners and Families
Torrance homes are worth over $1 million on average, and Chapter 13 helps owners keep them. 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: $1,074,700
- Stop a foreclosure or repossession
- Catch up over 3 to 5 years
- Meet in Beverly Hills or by video
Saving a home in Torrance
About 55% of homes in Torrance are lived in by their owners, and the median owner-occupied home is valued at $1,074,700. At those values, an owner with a small mortgage can have more equity than California's homestead exemption protects. When that is true, Chapter 7 could put the house at risk, and Chapter 13 is often the safer way to keep it. 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.
With that much value, many Torrance owners have equity above the homestead exemption. Chapter 13 stops a foreclosure and protects that equity while you repay creditors.
How long a Torrance Chapter 13 plan runs
Because half of Torrance households earn less than $116,217, 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 Torrance is $2,280 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 Torrance 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 have more equity than the exemptions protect. With home values in Torrance at $1,074,700, this is common. Chapter 13 lets you keep the property and pay creditors over time.
- Your income is too high for Chapter 7. Chapter 13 has no income limit, stops collection and can wipe out what is left at the end.
- You need to keep a car. Some older car loans can be cut to the car's value.
Torrance families with two car loans often use Chapter 13 to lower one or both payments.
Where a Torrance Chapter 13 case is heard
Bankruptcy cases from Torrance 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 Torrance may be the faster path. See bankruptcy attorney for Torrance for both options, or read our main Chapter 13 bankruptcy page.
Chapter 13 questions from Torrance
Can Chapter 13 stop a foreclosure on my Torrance 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 Torrance 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. That matters in Torrance, where many homes are worth more than the homestead exemption protects.
Can Chapter 13 lower my car payment in Torrance?
Chapter 13 may lower your car payment if the loan is more than about two and a half years old. The balance can be cut to the car's value, often at a lower interest rate.
Free consultation
Protect your Torrance 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.