Crafting a Chapter 13 Payment Plan
If you have fallen behind on a mortgage, car loan or other secured loan, or you are facing foreclosure, repossession or other serious actions, Chapter 13 bankruptcy may be appropriate. To protect your assets and get debt relief, Chapter 13 bankruptcy could be your best option.
At the Denver Metro area law firm of George T. Carlson & Associates, our experienced bankruptcy lawyers have helped many clients review and assess their financial situations. If Chapter 13 bankruptcy is right for you, we will develop a payment plan, prepare your filing and represent you at all bankruptcy proceedings required to confirm your plan. Contact us to schedule a free initial consultation about your bankruptcy options.
An Opportunity to Preserve Important Assets
Depending on your individual circumstances, filing for Chapter 13 bankruptcy may allow you to accomplish the following:
- Retain assets that would be lost in Chapter 7
- Save your home from foreclosure
- Save your car from repossession
- Strip off an unsecured second mortgage
- Discharge divorce-related debt
To make your Chapter 13 bankruptcy filing successful, you will make a monthly payment to a trustee for three to five years. The payment amount will be based on your regular disposable income. The bankruptcy trustee will use these payments for repayment of some of your debts. The amount paid depends upon what you can afford.
If you do not have a regular source of disposable income, Chapter 7 bankruptcy may be preferable for you. Our experienced bankruptcy attorneys will help you decide on the best option.
A Manageable Plan for Partial Repayment
A Chapter 13 bankruptcy payment plan is a complex matter. Our bankruptcy lawyers are very experienced at sorting through all the relevant issues and crafting payment plans that receive approval from the bankruptcy court. We are also well prepared to represent you at the meeting with creditors and all other proceedings.
Contact us to discuss whether Chapter 13 bankruptcy is right for you and, if so, what sort of payment plan we can craft to meet your debt relief needs.
Contact a Denver Colorado Bankruptcy Attorney Today
If you are seeking legal representation or would like more information about our services, contact our office today for a free consultation with an attorney. You can reach an experienced lawyer toll-free at 303-789-1313 or by contacting us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
