When you need to file for bankruptcy, there are a few different options. One of these options is working with a bankruptcy attorney. If you are filing for consumer bankruptcy, you will either file Chapter 7 or Chapter 13 bankruptcy. You can choose to file for Chapter 13, but you will need to qualify for Chapter 7 based on a means test. It can be stressful trying to understand the process all on your own, and this is where working with a qualified attorney will make all the difference. Over time, you will get the hang of the process and be able to make the best financial decisions for your future.
Understanding Chapter 13 Bankruptcy
If you make enough money to cover all of your payments, you will be filing for Chapter 13 bankruptcy. This offers you asset protection, protection from creditor collection attempts, and a chance to reorganize your debt. When filing, you will want to work closely with a Chapter 13 bankruptcy attorney in Bristol, TN who can provide you with the assistance you need. They will help you from beginning to end with filing and processing your bankruptcy. In order to get the payment plan you desire, working alongside a professional is of utmost importance.
Arranging a Debt Repayment Plan
A crucial component of filing for Chapter 13 bankruptcy is setting up a debt repayment plan. This repayment plan ensures that you will stay on track with your payments, and is mandated by the terms of your bankruptcy. In order to get the best outcome in your case, it is necessary to work with a Chapter 13 bankruptcy professional. They will help you every step of the way and show you what needs to be done to achieve the best results.
The Benefits of Chapter 13 Bankruptcy
Many people that file for Chapter 13 bankruptcy in Bristol, TN enjoy the benefits immensely. They are able to start over, leaving the stress of debt behind them. They can rest assured knowing that their homes, cars, and other possessions won’t be seized, and they can avoid the stress of collection calls from creditors. All of this and more is possible with Chapter 13 bankruptcy. You will be able to write off the majority of unsecured debt and repay others through a payment plan. A qualified attorney can explain all of the available options so you can have a complete understanding of how the process works.
Visit Dean Greer and Associates to get the bankruptcy assistance you need.
