What You Need to Know
Chapter 13 bankruptcy allows consumers with income to make arrangements to pay their creditors a reduced amount over time. This is helpful for people who are behind on house or vehicle payments and wish to hold on to these items. Chapter 13 bankruptcy accomplishes this by combining all your monthly payments into one affordable payment. It also allows you to protect your property from foreclosure or repossession.
Schollander Law Offices has over two decades of experience when it comes to filing Chapter 13 bankruptcy claims, and we are here to help you determine if this is the right path for your situation.
Chapter 13 Bankruptcy Allows You To...
- Protect a house or car from foreclosure or repossession
- Combine your monthly payments into one affordable payment
- Force creditors to work with you and help you catch up on payments
- Stop repossession or foreclosure
- Take steps to have a fresh start when the bankruptcy filing is finished
Is Chapter 13 Bankruptcy the Right Option for You?
When you are filing for bankruptcy, you have options. The law provides for multiple avenues to declare bankruptcy because lawmakers understand that different people have different needs. And while only an attorney can help you determine if Chapter 13 bankruptcy is the right choice for you, if you meet the following criteria, chances are that you’ll be best served by this type of bankruptcy:
• You have a regular income that will allow you to make monthly payments.
• You have assets like a home or a car that you’re trying to protect.
• Your debts come from a number of different places.
• Some of your debts have co-signers whom you are trying to protect.
If these circumstances apply to you, please call us today to learn how Chapter 13 bankruptcy can help you get your finances back on track.
Contact Our Chapter 13 Bankruptcy Attorneys
If you are sick/injured and out of work, it can become easy to fall behind on your monthly payments on your house and car. That is why people turn to Chapter 13 bankruptcy as a mechanism to force creditors to work with you to allow you to catch up on those debts you can catch up with and clear those debts you can’t.
Once filing is complete, Schollander Law Offices will work with you and help you take the steps needed to have a fresh start.
Give us a call today to schedule a consultation. Our bankruptcy law firm provides legal services to residents of Lewisville, Mount Airy, Pinnacle, Winston-Salem, Kernersville, Clemmons, Advance, Lexington, Mocksville, Yadkinville, King, Walkertown, Thomasville, NC & the surrounding areas.
Find Relief & Financial Direction By Calling Us Today
