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Chapter 13 Bankruptcy Attorney in Batesville

Manageable Solutions for Debt Repayment

If you are facing large amounts of debt but still have a steady income, you may be able to find debt relief by filing for Chapter 13 bankruptcy. In contrast to Chapter 7, Chapter 13 bankruptcy does not erase all of your debt. Instead, you and your creditors agree on a three- to five-year repayment plan. In order to qualify for Chapter 13, you must meet certain debt and income requirements in addition to various other criteria.

If you are considering filing for bankruptcy, it is wise to speak with an experienced attorney who can help you weigh your options and fully understand the various pros and cons associated with each type of bankruptcy. At Burgess Law Firm, our Batesville Chapter 13 bankruptcy lawyer is prepared to answer your questions, address your concerns, and provide you with compassionate, personalized service throughout the legal process.

Schedule an initial consultation today; call (870) 293-6004 or contact us online.

How Does Chapter 13 Bankruptcy Work?

If you are eligible, filing for Chapter 13 bankruptcy offers several benefits. Firstly, it allows you to regain control over your debt and make manageable payments over a certain period of time. Secondly, it allows you to keep most—if not all—of your assets and properties. Because of this, filing for Chapter 13 is arguably one of the best ways to stop foreclosure on your home. Chapter 13 also allows you to reschedule certain debts for the duration of your repayment plan, thereby reducing the amount of each payment. Chapter 13 also ends your direct contact with creditors; instead of communicating with creditors, you will make payments to a trustee who will then distribute these payments to creditors on your behalf.

All that being said, filing for Chapter 13 bankruptcy tends to be more complex than filing for Chapter 7. In general terms, here is how the process works:

  • First, you will be required to attend one of two mandatory credit counseling sessions with an approved agency. During this session, you will establish that you have sufficient income to afford your bills and your repayment plan payments.
  • At the time of filing, you will have to pay a bankruptcy filing fee and prove that you have completed the credit counseling education session. Official bankruptcy forms must be filed with the court clerk.
  • As part of the filing process, you will need to come up with a repayment plan. This plan must meet certain specifications and your creditors will be allowed the opportunity to either accept or reject your plan. If the plan meets certain requirements, it will be confirmed.
  • Once your repayment plan has been confirmed, you must complete repayment in the designated timeframe (three to five years). Only once your repayment plan is completed will your debt be discharged.

This process is typically very complicated. Though it is possible to represent yourself in Chapter 13 proceedings, it is not recommended. In most cases, individuals who attempt to navigate the process on their own are not successful. Instead, you should speak to a skilled bankruptcy attorney who has experience handling Chapter 13 cases.

Call Our Team Today

At Burgess Law Firm, we can help you with every aspect of filing for Chapter 13 bankruptcy. We offer initial, confidential consultations and accessible, individualized service. Our Batesville Chapter 13 bankruptcy lawyer can even make arrangements to meet with you for Saturday appointments and you will be directly in touch with him throughout the legal process. We proudly assist clients throughout Independence County.

The information here represents only a brief overview of Chapter 13 bankruptcy. To learn more, including whether this is the right option for you, call us at (870) 293-6004 today.

Committed to Our Clients

At Burgess Law Firm, our clients come first. We understand just how difficult it is to face large amounts of debt, relentless creditors, and mounting fees. Our goal is to help you find a debt relief solution tailored to your unique situation and goals. We don’t employ a one-size-fits-all approach; instead, we work one-on-one with each client to create a personalized plan of action. We have helped countless individuals and families in serious financial situations regain control of their finances and turn their lives around. If you are struggling to overcome significant debt, remember: there is hope. Read our client testimonials to see how we’ve helped other people in situations similar to yours.

  • “With me every step of the way!”
  • “As easy as I could have imagined!”
  • “The staff is very friendly! ”
  • “Mr. Burgess made me feel comfortable!”
  • “He’s just an honest, hard-working attorney who cares about all of his clients.”