CHAPTER 13 BANKRUPTCY ATTORNEYS
* BANKRUPTCY SPECIAL *
FILE FOR AS LITTLE AS $100 DOWN.
EXPERIENCED LAWYERS, PERSONAL SERVICE, PAYMENT PLANS.
FILE TODAY! SAVE YOUR HOUSE, SAVE YOUR CAR, LOWER YOUR BILL PAYMENTS. CALL 888-536-0213 NOW!
BENEFITS OF FILING FOR CHAPTER 13 BANKRUPTCY
- Stop foreclosure proceedings/Sheriff sales
- Stop creditors from calling and harassing you
- Stop creditor collection letters
- Stop existing lawsuits and new law suits
- Stop collections on debts that you cosigned
- Stop wage garnishments and wage assignment
- Eliminate your debts
- Eliminate or reduce certain IRS tax liabilities
- Possibly lower your vehicle payments or interest rate
CHAPTER 13 BANKRUPTCY
Chapter 13 is a court proceeding under the Bankruptcy Code. In order for you to file a Chapter 13, you must have a regular source of income and have enough disposable income to fund your Chapter 13 plan. The plan is reviewed and must be approved by the court to become effective. The exact amount to be paid to the creditors is determined by several factors including the debtor’s regular and disposable income. The debtor must make regular plan payments to the chapter 13 trustee, who collects the money paid by the debtor and disburses it to creditors in the manner called for in the plan. Once you have completed your repayment plan and have attended money management classes, the debtor will be released of the liability of their dischargeable debts.
CHOOSING CHAPTER 13 OVER CHAPTER 7
Chapter 13 may work better for a person who:
- Wants to protect their property from foreclosure proceedings or the sale of their property;
- Wants to repay their debts and has the regular and disposable income to do so within 3-5 years;
- Wants to discharge debts that cannot be discharged in a Chapter 7;
- Wants to retain property that may be eliminated in Chapter 7;
- Wants to protect a cosigner from the creditor. To do this you must propose in the Chapter 13 plan to pay the cosigned debt in full; or
- Is operating a sole proprietorship and wants to continue to do so.
These are just some of the reasons a Chapter 13 may work better for you than a Chapter 7. To further discuss your options seek the advice from an experienced bankruptcy attorney.
If you have any further questions on bankruptcy or are thinking about filing a bankruptcy, contact a Bizar & Doyle bankruptcy attorney by calling us at 888-536-0213 or by completing the brief free bankruptcy evaluation.
Click the “REBUILD YOUR CREDIT” link to see all the ways to rebuild your credit. As always, call us with any questions.
*Plus court costs. Offer applies to qualified wage earners.
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