Many people facing bankruptcy tend to think that they want a Chapter 7 bankruptcy because it discharges all unsecured debt automatically. Upon a closer assessment of their financial situation, however, it is often found that a Chapter 13 bankruptcy is actually in their best interests.
Auburn Debt Repayment Attorney
At the Law Office of Kevin J. Magorien, PS, we walk you through the process of determining which form of bankruptcy is in the best interest of you and your family. We also assist in bankruptcy conversions should an individual have started Chapter 13 and wish to convert to Chapter 7.
To arrange a free initial consultation to discuss your options in bankruptcy and how it can clear the path to a brighter future, please contact our law firm today at 253-656-4934 or toll free at 866-633-4992.
Chapter 13 Eligibility
Chapter 13 bankruptcy allows the individual to keep the debt that he or she wants to keep, such as a mortgage or car payment. In keeping the debt and paying the balance off, individuals are allowed to keep the property. To do this, the court will consolidate these debts into a payment plan that can be completed in a manageable period of time. For many people, this is a better option, allowing them to come out of bankruptcy with assets for the future that they would have lost in Chapter 7.
Provisions within the Bankruptcy Code can be employed to enable you to save your home from foreclosure when you have fallen behind in your mortgage payments and are facing a forced sale of your house.
We will carefully evaluate your assets and financial situation to determine what can be saved through bankruptcy. We will also assess whether there are other solutions that are in your best interests, both right now and in the future. We have the experience and insight to guide you through the process to the best outcome possible.
Contact a Kent Chapter 13 bankruptcy lawyer firm today at 253-656-4934 or toll free at 866-633-4992. We have basic Spanish-speaking skills.
BAPCPA disclosure: This is a federally designated debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.