Finding The Right Chapter 13 Bankruptcy Attorney
While considering bankruptcy, many individuals are puzzled over the different chapters that exist. If you’re mired in debt and your resources are dwindling at a quick rate then Chapter 7 bankruptcy is the only way out. Under this, your assets will be liquidated in order to pay your outstanding debts. This usually happens when the individual has lost all source of a steady income and has no other way, in the present or future, to repay his/her creditors. However, if there is some way you could catch up on your payments again then you should consider Chapter 13. Bankruptcy attorney hunting can be a challenging task so make sure you pick the right one before its too late.
That said, how does Chapter 13 bankruptcy differ from the others? The rules of this chapter dictate that you need to chalk out a payment plan that will see you clear your debts in the future based on how much your monthly income is. Those individuals who do earn a considerable amount of money can opt for this chapter as it helps safeguard other assets.
If you have a house and a number of vehicles that you would like to protect from liquidation then you need to opt for Chapter 13 bankruptcy. You have between 3 to 5 years to pay off outstanding debts and this is something that needs to be planned with a lot of precision. A reliable attorney will file your petition and make sure you understand how the payment process is going to pan out. He will allow you to deal with other important decisions while taking care of ones that are more legal in nature. Starting from scratch is not an easy task and you need all the help you can get.
A Chapter 13 bankruptcy attorney will have a lot of experience dealing with such legal situations. He will have helped a number of clients in the past and even if its a Chapter 7 bankruptcy claim he shouldn’t have a problem taking care of it. An online search should give you a lot of options to choose from. However, this could take up a lot of your time and you’ll need quick assistance. Look for a website that can help you find a good lawyer that will suit your needs and is conveniently located as well. Make sure you do this as soon as possible.
Your search for a Chapter 13 bankruptcy attorney should come to a satisfactory end at BankruptcyAttorney.com.
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