Debt Repayment Through Chapter 13
Debts can determine your future. When you are facing losing the home you have worked for your entire life, or losing the car that gets you to and from work, you need to explore debt relief options. A very effective one is filing for bankruptcy protection. At the Law Offices of Carla J. Zolman, L.L.C., our bankruptcy attorneys can help you get relief from debt while at the same time protecting your assets. We represent clients in St. Louis, St. Charles, Jefferson County, and surrounding areas of Missouri.
Through Chapter 13, we can stop foreclosure and car repossession, and we can stop the creditor harassment that is threatening to take over your life. We can also stop wage garnishment.
Throughout the bankruptcy process, we will serve as a resource, a guide and an advocate for you. We will take the time to explain your options, lay out expectations and help you get ready by organizing your financial information. We will help you determine whether Chapter 13 is the right choice for you or whether you may be eligible for Chapter 7 bankruptcy.
Contact us online or call us at 314-549-8985 for a free initial bankruptcy consultation.
What is Chapter 13?
Sometimes called "reorganization bankruptcy" or "wage-earner bankruptcy", Chapter 13 lets you pay back a percentage of your debts over three to five years. Our lawyers can help you create a repayment plan with affordable amounts based on your income and the size of your debts.
Through Chapter 13, we may be able to help you take care of debts such as:
- Medical bills
- Credit card debt
- Car loans
- Tax debt (in certain circumstances)
To help you get out of debt more quickly, we can help you negotiate to stop interest and penalties as you satisfy your tax debt over a set period of time.
Advantages of Chapter 13
Chapter 13 will allow you to catch up on delinquent mortgage payments and keep your home by freeing up money each month to make the payments. During Chapter 13, you will not have to deal with your creditors. You will issue one payment to your assigned bankruptcy trustee, who will then distribute the money according to the terms of the plan.
As you make regular payments, you will begin to rebuild your credit and begin to get your life back. To learn more about Chapter 13 bankruptcy and how we can help, contact our office today. Call us at 314-549-8985 or send us an e-mail.
*We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
