Chapter 13 Bankruptcy
When clients are not eligible for a Chapter 7 bankruptcy, your next option is to consider filing for a Chapter 13 bankruptcy. This is also an excellent option for people who have large assets that they want to keep instead of liquidate. In a Chapter 13 bankruptcy, assets are not sold in order to pay debts and the debts are not written off or erased. Instead, you are allowed to keep your property, but you must go on a payment plan of three to five years, where you will make consistent court ordered payments in an effort to satisfy some or all of your debts.
While there are many “self-file” bankruptcy forms available today, filing for Chapter 13 bankruptcy can be complex. Your assets need to be listed properly and all forms must be filled out correctly. Any errors in filling out these forms could lead to problems later on down the road, such as a repayment plan that you are unable to manage. If you are considering filing for bankruptcy, I can help. As a seasoned Biloxi bankruptcy attorney, I have experience working with a number of clients in a variety of different bankruptcy situations. I will bring my skills and resources to the table in your case in an effort to make your Chapter 13 bankruptcy go as smoothly as possible.
You don’t have to let financial burdens overwhelm you or leave you in complete financial distress. Call me today for a consultation to discuss your Chapter 13 bankruptcy case.
(228) 265-9470 (voice)
(877) 742-3929 (fax)