Why You Need a Chapter 13

Bankruptcy Lawyer

Filing for bankruptcy with a knowledgeable chapter 13 bankruptcy lawyer on your side will help you properly alleviate your debt and regain control of your finances.

www.detroitchapter13bankruptcy.com

Bankruptcy Options

Filing for bankruptcy can be a stressing time, and choosing

the right bankruptcy option can be especially stressful. One

option is filing for chapter 13 bankruptcy, which is a process

that allows a debtor to pay back what they owe under a

unified payment plan. To qualify for chapter 13, a stable

income is a necessity. The best thing to do is to speak to a

chapter 13 bankruptcy lawyer who will work with you to

assess your debt, weigh your options, and help you navigate

bankruptcy court.

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What is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy allows individuals with regular income to develop a plan to repay their debts. Filing for chapter 13 bankruptcy allows a debtor to consolidate their debt under a single payment plan without losing property. Under chapter 13 bankruptcy, you are allowed to pay back debts gradually, giving you the time you need to regain control of your finances.

The debtor is required to draft a reorganization plan that lays out how they will go about repaying their debt. The plan must be approved by the Federal Bankruptcy Court, so it’s important to have a chapter 13 bankruptcy lawyer assist you.

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How a Chapter 13 Bankruptcy Lawyer Can

Help

A chapter 13 bankruptcy lawyer will help you navigate the rough terrain of bankruptcy court. They will assess your debt, weigh your options, and come up with a viable reorganization plan that will outline how you will repay your debt.

Together you and a chapter 13 bankruptcy lawyer can: Save your home from foreclosure.

Save your vehicle from repossession.

Eliminate unsecured debt.

Repay child support obligations.

Stop bill collectors from calling.

Your chapter 13 bankruptcy lawyer will work with you to devise the best plan to alleviate your debt and protect your assets while easing the process of filing for bankruptcy.

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Eligibility

Talk to a chapter 13 bankruptcy lawyer to determine if you

are eligible to file for chapter 13 bankruptcy. Chapter 13

bankruptcy requires that the debtor use their income to pay

back their debt, therefore you must be able to prove to the

court that you are able to meet the debt requirements. If you

are without a stable means of income or if the amount of

your debt is too high, you might be ineligible. A chapter 13

bankruptcy lawyer will help you understand the intricacies

of bankruptcy law and will determine if you are eligible to

file for chapter 13 bankruptcy.

www.detroitchapter13bankruptcy.com

About Second Chance Legal Services

Second Chance Legal Services is a debt relief agency that

helps Metro-Detroit residents file for bankruptcy under

the Bankruptcy Code. We provide a variety of legal

counseling services including both Chapter 7 and 13, free

debt evaluation, loan modification, and debt negotiation.

Visit http://www.detroitchapter13bankruptcy.com/

www.detroitchapter13bankruptcy.com