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Get Debt Under Control With Chapter 13 Bankruptcy
What Is Chapter 13?
Filing for bankruptcy can seem confusing and overwhelming, and he is here to help you through it. One of your options is Chapter 13 bankruptcy.
With Chapter 13 bankruptcy, the individual or married couple may have a higher income or more assets than those who might qualify for Chapter 7 bankruptcy. It gives you tax debt relief, which is the ability to repay your taxes without penalties and interest. Chapter 13 will also help stop foreclosure and allows you to maintain control over all of your assets.
Chapter 13 focuses on reorganizing existing debt. It typically allows you to keep your home and your car while also working to catch up on other debts. You set up a repayment plan to pay creditors over a three- to five-year timeframe. The payments may only be a percentage of the outstanding debt – anywhere from 10% to the full amount. Once that timeframe has expired, your remaining debt will be discharged.
Our lawyers can help you determine if you meet the criteria for a Chapter 13 bankruptcy filing or if a Chapter 7 filing may be more suitable for your needs. The ultimate goal is to find the ideal resolution for your specific scenario.
Take The First Step To Resolving Your Financial Burden
Call our law offices today to set up a legal initial consultation to discuss your financial future. You can reach us online or by telephone at 234-281-4949 to speak with an experienced Ohio Chapter 13 bankruptcy lawyer.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.