Chapter Thirteen Bankruptcy Law

Chapter Thirteen Bankruptcy

Chapter Thirteen Bankruptcy Law:

Chapter Thirteen bankruptcy is also known as a "wage earner's plan." Chapter Thirteen bankruptcy enables individuals with income to create a plan to repay all or part of their debts. Under Chapter Thirteen bankruptcy the debtor proposes a repayment plan to make installments to creditors over three to five years. If the debtor's monthly income is less than the state median, the plan will be for three years unless the court approves a longer period of time. However, if the debtor's current monthly income is greater than the state median, the plan generally must be for five years.

Filing Chapter 13 Bankruptcy Legal Issues:

Chapter 13 bankruptcy is intended to help an individual take control of finances that have gotten out of control. A Chapter Thirteen bankruptcy lawyer can assist you in creating a successful plan to pay off debts. Chapter Thirteen bankruptcycan be a tool to get through difficult financial times without losing all your assets and credit rating.

What a Bankruptcy Lawyer can do for you:

A Chapter 13 bankruptcy lawyer can assist you in creating a successful plan to pay off debts. A well constructed Chapter Thirteen bankruptcy plan can protect as many assets are possible and damage your credit as little as possible. The best way to make intelligent and informed decisions is to have and experienced, knowledgeable bankruptcy firm representing your interest. Chapter Thirteen bankruptcy cases are a lengthier, more involved process than chapter 7 bankruptcy cases, so it pays to have a bankruptcy lawyer at your side who is equipped to resolve issues quickly and accurately.

Lawyer Referral Service:

If you are worried about your financial status and feel Bankruptcy may be a solution, Attorney Search Network can refer you to the right Chapter 13 bankruptcy lawyer. Call us now and we will connect you with a chapter Thirteen bankruptcy attorney that can help with your bankruptcy case.

Attorney Search Network can provide you with an attorney referral you to a pre-screened Chapter Eleven bankruptcy lawyer in your area today.