Chapter 13 Bankruptcy Attorney
If you’re struggling to make ends meet, a Chapter 13 Bankruptcy can give you some breathing room. It is a court-overseen process that would allow you to repay your debts over a period of three to five years, based on your ability to pay, with little to no interest. This option is ideal for people who have fallen behind on their payments due to temporary financial difficulties (such as a job loss, a divorce, or a prolonged illness). A Chapter 13 stops a home foreclosure lawsuit and allows most debtors to keep their property, all while making a full financial recovery.
If you own a small business, a Chapter 13 would allow you to stay in business and keep the assets of your business while repaying your debts over an extended period of time.
If Chapter 13 is the right option for you, Chapter 13 Bankruptcy attorney Jefferson Hanna can prepare you repayment plan in compliance with the Bankruptcy Code but customized to your unique situation so that your monthly amounts will be manageable. At the end of your repayment plan, your remaining unsecured debts will be discharged and you will be current on your secured obligations.
There are benefits to each type of bankruptcy. If you’re considering a bankruptcy petition for your individual or business financial needs, it’s critical to work with a knowledgeable bankruptcy attorney to determine which chapter of the U.S. Bankruptcy Code offers you the best path for getting back on your feet.
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