One of the main concerns individuals have regarding their Chapter 13 Bankruptcy filing is whether they will be able to keep any of their assets upon the conclusion of their case. Your assets can be anything from your home to your car.
When individuals fail to make payments such as credit card or mortgage payments, they are at risk of having their property repossessed by creditors. When individuals are in “default” on loans they are usually called frequently by bill collectors who demand payment. With a Chapter 13 Bankruptcy Attorney’s help, bill collectors can be prevented from calling the client, and in most cases home foreclosures can be halted and even prevented.
A Chapter 13 Bankruptcy Attorney’s fees vary depending on many factors including your geographical location and complexity of your case. Chapter 13 bankruptcy lawyers’ fees include the work they will do representing you for the 3 to 5 years of the repayment plan. Fortunately, it is common for these attorneys to offer payment plans and often their fees can be placed within the bankruptcy repayment plan.
Simply put, yes. Chapter 13 Bankruptcy laws are complex and one wrong move could mean the difference between a successful case and one that is not. Chapter 13 cases deal with repayment plans, income sources permitted to be used in repayment plan calculations and 3 to 5 years of management of the repayment plan. People and attorneys who are not experienced with Chapter 13 bankruptcy filings should not attempt this type of case alone.
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A skilled Chapter 13 bankruptcy lawyer will be able to help you:
While an attorney is not required to file for Chapter 13 Bankruptcy, it is strongly encouraged that you retain a qualified bankruptcy lawyer to help you through the process. A lawyer will be there to help answer questions such as whether or not you qualify for Chapter 13 and exactly what your financial obligations will be after your Chapter 13 Bankruptcy has concluded.
Finally, filing bankruptcy is a complex process. One wrong move can affect your chances of successfully achieving your financial goals.
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