You can restructure your debt by filing for Chapter 13 bankruptcy with the help of a bankruptcy attorney. If you are facing overwhelming debt, there is no need to go it alone. A bankruptcy attorney can provide you with the resources and options you need to explore the best solutions for you. This may include financial counseling, debt consolidation, Chapter 7 or Chapter 13 bankruptcy. If you have a business, you may also want to explore the option of Chapter 11 bankruptcy. No matter what option you select, the decision to take back financial control is an admirable one and one that will help you move on and meet your goals for the future.
What can Chapter 13 do for you?
You may be wondering what Chapter 13 bankruptcy can do to help your financial situation. There are many benefits to filing bankruptcy and Chapter 13 bankruptcy allows you to establish a payment plan so you can pay back your debts over an extended period of time. One of the many advantages to filing for Chapter 13 bankruptcy is that you can keep your possessions including your home and your car. Sometimes you may get behind on your debts due to poor money management skills. When this happens, you may just need some time to repay what you own. Chapter 13 allows you to do this very simply by filing for bankruptcy with the assistance of a law firm.
Some of the benefits of Chapter 13 bankruptcy include:
* Stripping 2nd and 3rd mortgage liens
* Restructuring your debts
* Reducing unsecured and credit card debts
* Put an end to foreclosures
* Put an end to vehicular repossessions
* Get cars back that have been repossessed
When should you file for Chapter 13 Bankruptcy?
You may be wondering what the best time to file for Chapter 13 bankruptcy may be. The truth is that you will have to determine this on your own with the help of a bankruptcy attorney. Everything depends on your particular financial situation and where exactly you are with your bills. If you have been focusing on paying for something and have neglected your mortgage and your auto payments. Filing for Chapter 13 bankruptcy can help you to get back on track.
With the help of a bankruptcy attorney, you can get the assistance you need to regain control over your financial situation. Consult with an experienced attorney when you visit the website of Chris Carouthers and Associates, LLC.