Chapter 13 bankruptcy

Chapter 13 Bankruptcy is for people who have a debt load that needs to be adjusted. It is a Court Ordered repayment plan to repay some or all of your debts over 3 to 5 years. You consolidate most of your debts into one monthly payment to the Chapter 13 Trustee. A Chapter 13 is commonly used when you need to: (1) save your home from foreclosure; (2) stop a repossession of your car; (3) save you from the IRS; or if you do not qualify for a Chapter 7 bankruptcy. The unsecured debts which you cannot pay during the 3 to 5 years of a Chapter 13 are discharged. It gives you a fresh start and relieves you of the stress and strain of carrying a burden that you simply cannot carry. The automatic stay which begins as soon as you file your case will stop creditor harassment, foreclosures, repossessions, garnishments and other collection activities. We can file your case immediately if needed to protect you and your family from your creditors or the government.

In an initial consultation scheduled with one of our attorneys, you will receive information on the bankruptcy process and how it will apply to your individual circumstances. Should you file bankruptcy? Will it benefit you? Should I file Chapter 7 or 13 Bankruptcy? These are all questions that can be addressed during your private one-on-one conversation with an attorney – not a legal assistant. We will discuss a flat rate fee for your case and agree to payment terms which meet your budget. The initial consultation does not obligate you to go forward, you may find that bankruptcy is not right for you at this time. Should you decide to go forward with Bankruptcy, you will be given a set of worksheets/forms. To file your bankruptcy we need the following:

  • Copy of Driver's License or other picture ID
  • Copy of Social Security Card
  • Six Months of Pay stubs.
  • Two Years of Tax Returns
  • You will have to complete a Debtors Education Class online.