Chapter 13 Bankruptcy Assistance

When you need to file for bankruptcy, there are a few different options. One of which is working with a bankruptcy attorney. If you are filing for consumer bankruptcy, you will either file Chapter 7 or Chapter 13 bankruptcy. You can choose to file for Chapter 13 but you will need to qualify for Chapter 7 based on a means test. It can be stressful trying to understand the process all on your own, this is where working with a qualified attorney will make all of the difference. Overtime you will get the hang of the process and you will be able to make the best financial decisions for your future.

Understanding Chapter 13 Bankruptcy

If you make enough money to cover all of your payments, you will be filing for Chapter 13 bankruptcy. This offers you asset protection, protection from creditor collection attempts, and a chance to reorganize your debt. When filing, you will want to work closely with a Chapter 13 bankruptcy attorney who can provide you with the assistance you need. They will help you from beginning to end with filing and processing your bankruptcy. In order to get the payment plan you desire, working alongside a professional is of utmost importance.

Arranging a debt repayment plan

A crucial component of filing Chapter 13 bankruptcy involves setting up a debt repayment plan. This repayment plan ensures that you will stay on track with your payments and is mandated by the terms of your bankruptcy. In order to have an ideal outcome in your case, working with a Chapter 13 bankruptcy professional will be of benefit to you. They will help you every step of the way and show you what needs to be done to have the best results.

The benefits of Chapter 13 Bankruptcy

Many people that file for Chapter 13 bankruptcy enjoy the benefits immensely. They are able to start over and leave the old stress of debt behind them. They can rest assured that their homes, cars, and other possessions won’t be seized and they can avoid the stress of collection calls from creditors. All of this and more is possible with Chapter 13 bankruptcy including writing off the majority of unsecured debt and repaying others through a payment plan. A qualified attorney can explain all of the available options so you can have a complete understanding of how the process works.

Visit the law offices of James E. Hitchcock to get all types of bankruptcy assistance you need.

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