If you are looking for a way to keep your home, keep your car and get the debt relief you deserve, Chapter 13 bankruptcy may be right for you. We can help you understand your options and find a payment plan you can afford.

Put an End to Your Financial Concerns

Every person would like to pay back his or her debt if he or she could. However, if you do not have the money, it is likely you will continue to struggle with your finances. Chapter 13 bankruptcy is essentially a reorganization or repayment plan that lasts from 36 to 60 months. Instead of struggling with your debt, Chapter 13 bankruptcy allows you to work with your creditors to make payments you can afford. After three to five years of this plan, your remaining debt will be discharged.

Petition for reorganization will also result in an automatic stay of most collection activities. Here, the debtor develops a repayment plan to pay debts over a three-to five-year period through the bankruptcy trustee. At the successful conclusion of the payment plan, if certain conditions are met, the remaining dischargeable debt is cancelled. If under the payment plan the debtor is unable to make the required payments, fails to pay alimony, child support, or certain tax payments, the court may either dismiss the case or convert the reorganization to a liquidation, thereby discharging all the debts of the debtor, excluding debts that are non-dischargeable.

Why Chapter 13 Bankruptcy?

If you do not meet the income test for Chapter 7 bankruptcy, you will have to file for Chapter 13. If you do have disposable income, it is important that you make payments you can afford. However, by entering a repayment plan, you will be able to keep your home, keep your car and retain other important assets.

Stop Foreclosure and Creditor Harassment

Just like Chapter 7 bankruptcy, you will be able to stop foreclosure and stop creditor harassment by filing for Chapter 13 bankruptcy. As soon as you retain us as your attorney you can refer any creditors to our office. You may also find a way to keep your home in the short and long term. You do not have to go through this difficult time on your own.

If you are sick of struggling with your debt and mortgage, it is time to find a solution. Chapter 13 bankruptcy may be right for you. Besides guiding you through the Chapter 13 process, the law offices of Albareda & Associates, P.A. will instruct you as to the best course of action. Chapter 13 is not for everyone, and there are numerous factors to consider. No matter your situation, you can always trust the law offices of Albareda & Associates, P.A. to provide honest legal counsel that helps with your debt.

Start Paying Back Your Debt with the Help of the law offices of Albareda & Associates, P.A!

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