Skilled Guidance Throughout Chapter 13 Bankruptcy Filing
If your finances and debt are weighing you down, you are not alone. Millions of Americans are in the same position. However, there is hope and a light at the end of the tunnel. Filing for Chapter 13 bankruptcy protection is one way to take control of your finances and get the debt relief you need.
To explore all of your options, turn to my law firm, Darren K. Mexic, Attorney at Law. I have 18 years of experience handling all aspects of bankruptcy for my clients in Bowling Green and the surrounding areas. I understand the toll debt can take on your life. By working closely, compassionately and skillfully with you, we can reach a solution that helps you drop the anchor of debt and move forward with your life.
What Is Chapter 13?
For people who do not pass the means test to qualify for Chapter 7 bankruptcy, it is possible to pursue a Chapter 13 bankruptcy. This is a type of bankruptcy often called a “wage earner’s bankruptcy.” This is because people who have a regular income can take advantage of this type of debt relief. Chapter 13 reorganizes your debt and sets up a repayment plan so that you can catch up on your debt. In some cases, a combination of a Chapter 13 and Chapter 7 are used, with some debts being discharged and some being reorganized in the plan.
The Chapter 13 Process
Before the Chapter 13 is even filed, you must complete a credit counseling course that will help educate you for the future. After we have prepared the bankruptcy paperwork and proposed a repayment plan, the petition and documents are filed. The court will appoint a bankruptcy trustee to oversee your case, and the automatic stay goes into effect. This is the order that prevents creditors from contacting and harassing you about your debts after you have filed for bankruptcy protection.
There will be a meeting of your creditors, and if there are no objections, the repayment plan will be confirmed at a hearing that you will attend with me as your attorney. Once you begin to make payments according to the plan, you will continue to make payments for three to five years, depending on your specific repayment plan’s details. When payments are complete, the bankruptcy will be discharged and closed.
Discuss Your Bankruptcy Options Today
For more information about bankruptcy, please see my bankruptcy FAQs or schedule a free initial consultation with me today. Call my office at 270-872-0559 or send me an email. I am ready to get started.
I am a debt relief agent. I help people file for bankruptcy relief under the Bankruptcy Code.