Repay Your Debts Interested in a Wage Earner’s Plan to Make Installments to Creditors Over 3-5 Years?

Chapter 13 Bankruptcy Lawyer

The Benefits of the “Wage Earner’s Bankruptcy”

Chapter 13 bankruptcies allow debtors to keep their assets during their bankruptcy. In a Chapter 13, the filer’s debts are consolidated into a single agreement with creditors. Each creditor settles to receive a certain portion of the debt, and all your debt is paid through a single monthly payment. Your payment will be handled by a court-appointed trustee, and how much you pay will be determined by your disposable monthly income. Many people are apprehensive when it comes to considering bankruptcy, but it is important to remember that it is nothing to be ashamed of. Bankruptcy is merely a tool – not a status symbol, and using it properly is a smart decision. At Michael H. Turner P.C, our clients receive valued counsel from a knowledgeable lawyer.

The Key to a Debt-Free Future may be chapter 13 bankruptcy. Request an Evaluation Today

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Helping You Navigate the Filing Process Seamlessly

Complimentary Your Initial Consultation Will be Free of Charge
Experienced Backed by Nearly Two Decades of Experience
Driven We Have Successfully Filed More Than 5,000 Cases
Compassionate We're Always Understanding & Respectful to Clients
Customized We Take a Personal Approach to Each Case
Dedicated Our Attorney Will Personally Handle Your Case

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We Can Help You Ascend to New Heights

Advantages of Chapter 13 Bankruptcy

Receive Mortgage Modifications
Reduce Car Payments
Save Your Home From Foreclosure
Protect Non-Exempt Property
Prevent Repossession of Your Vehicle
Discharge Your Debts

You Have Questions, We Have Answers

How Long Does a Chapter 13 Take?
Chapter 13 bankruptcies last about 3 to 5 years. The bankruptcy process closes once the terms of your repayment plan have been reached, at which point your remaining debt is discharged and you can start rebuilding your credit and financial standing. Chapter 13 bankruptcies last the longest but offer a consistent plan. For wage earners, it is ideal.
What Happens to my Mortgage or Car?
You have two options: one, you can return your property to the creditor. Whatever debt is left will be considered unsecured and a portion of it will be included in your repayment plan. Option two is to keep your property, but offer a deal to only pay back its replacement value. This only works if your property is worth less than what you still owe on it.
How Long Does Bankruptcy Stay on my Credit Report?
Chapter 13 bankruptcies stay on your credit for 7 years—which is how long late payments last. Ultimately, if you’re in a deep financial hole, you’re going to take a credit penalty either way. The only way to control the process is to choose how you receive the credit penalty. Chapter 13 offers far more benefits than drawbacks—we recommend investigating.

The Michael H. Turner P.C Difference

If you are drowning in debt, we encourage you to turn to our law firm. We have received the designation of a debt relief agency, under Federal law, and provide legal assistance to consumers seeking relief under the Bankruptcy Code. This means, if you are an individual who is contemplating an application for bankruptcy protection, we can work on your case and protect your rights throughout the process.

We have successfully handled both Chapter 7 and Chapter 13 filings and are well-equipped to help you decide which type of bankruptcy is best for your unique situation. There is no fee for your initial meeting with our attorney, so contact us today! Our mission is to help you secure a debt free future. In order to do so, we will develop personalized financial strategies geared toward maximizing your success.

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