Chapter 13 Bankruptcy Is Interest Free

Your Chapter 13 interest-free repayment plan is an agreement between you and your creditors. In exchange for making these payments over a three to five year period, a portion of your debt will actually be forgiven by your creditors. This means that you will often end up paying less back to your creditors than what you had originally owed them. Our bankruptcy law firm helps you every step of the way to create this plan.  We notify all of your creditors, refer you to an approved financial management class and guide you through all other aspects of the process in an efficient and effective manner.

File Chapter 13 Bankruptcy

File Chapter 13 bankruptcy to achieve a complete “debt reorganization.” For some people, including those who make too much money to file a Chapter 7, Chapter 13 has proven to be a helpful and powerful option for debt relief. Debt Advisors Law Offices utilizes Ch.13 to implement creative, affordable and effective ways to address debts that are otherwise impossible to overcome.

Chapter 13 bankruptcy is an interest free debt reduction & repayment plan that allows a person to:

    • Secured debts repaid, which are typically large ticket items
    • Obtain an interest free plan that reduces total debt
    • Repay over a three to five year period
    • Discharge remaining debts
    • Enjoy a fresh financial start.

Free Advice About Chapter 13

When Ch. 13 Debt Reorganization Bankruptcy sounds like the right solution for you and your family, ask for your free consultation from Debt advisors. Through the initial consult, we can assess your situation, answer questions, and guide you towards the next best steps. Our goal is to  work with together to develop a payment plan that is right for you and your individual situation. Request your free consult today.

Request Chapter 13 bankruptcy consult

Qualify for Chapter 13 Bankruptcy

We answer all of your  questions while assisting through the qualification process. If all Chapter 13 requirements are met, the bankruptcy process can begin. Filing a Chapter 13 with Debt Advisors will quickly launch an automatic stay order. This prevents creditors from continuing any collections against you, including letters, phone calls and legal actions. Find out if you might qualify by talking to a Debt Advisors lawyer.

In order for a person to qualify for Chapter 13:

  • person must have a regular source of income
  • have enough money to pay for basic living expenses while meeting the requirements of the Ch. 13 repayment plan

Address Student Loans With Ch.13

The beginning stages of a Chapter 13 bankruptcy are an ideal time to address student loans, overdue taxes, or back child support or alimony.  Addressing your domestic support obligations during bankruptcy may keep you out of legal trouble in the future. Through a Chapter 13 bankruptcy, we help reorganize and reduce bills into a more affordable payment plan. Our legal team negotiates with companies, government agencies, and banks on your behalf. We have over twenty five years of bankruptcy experience to ensure you get the most out of your debt reorganization and repayment plan. It’s important to speak with a bankruptcy attorney to get all the facts about:

  • Student Loans
  • Back Child Support
  • Back Alimony
  • Recent Taxes

Timeline of a Chapter 13 Bankruptcy

    • Chapter 13 bankruptcy begins when Chad and Mike file your petition for relief with the bankruptcy court. The court will enter an Automatic Stay order prohibiting most of your creditors from taking or continuing any collection or legal action against you. The harassing letters and phone calls must stop once your case is filed.
    • The court will mail notice of the bankruptcy to all of your creditors, assign a bankruptcy trustee to your case and set a date for your hearing. At the hearing, the trustee will ask you a series of yes or no questions about the papers that were filed with the court.
    • You must make your first Chapter 13 plan payment within 30 days of filing the case. Chad and Mike will explain how you do this and give you the mailing address.
    • Thirty to forty five days after your case is filed, you will attend the meeting of creditors. The court-appointed trustee will preside over this meeting. You will be asked to testify under oath as to the accuracy of the statements in your petition. However, most of your creditors will not appear at the meeting, and you will not be before a judge. The meeting is very informal, and in most cases will last no more than five or ten minutes. Your attorney will attend this meeting with you.
    • The court will then confirm your Chapter 13 plan. The plan is an agreement between you and your creditors that you will make payments for a period of three to five years and in exchange, your unsecured creditors agree to forgive a portion of the debt.
    • You will then receive your bankruptcy discharge. However, you must complete a financial management course before the court will give you the discharge. Mike and Chad can refer to an approved financial management class.

Clients Talk About Ch.13 Services

Learn more about how Ch.13 bankruptcy can protect the things that are most important to you, such as a car or family home.  Restore your financial health through the Chapter 13 bankruptcy process. The attorneys at Debt Advisors help make this process as quick and painless as possible. We provide honest answers, solid advice, direction, and after bankruptcy support. But don’t just take our word for it; read what clients have to say about our services and how we have changed their lives for the better:

Bankruptcy Reviews From Clients

 

 

Reviews by Google Users

  • 5 star review  I highly recommend Debt Advisors if you are considering a bankruptcy. We are nearing the end of our plan and everyone at DA has been extremely helpful and thorough. Angel in particular has been very helpful with the many, many questions we've had over the years. Thanks for all of your efforts!

    thumb Howard Lord
  • 5 star review  Everyone treated me with dignity and respect. Chad explained everything and put me at ease. I would recommend Debt Advisors to anyone looking for professional quality experience.

    thumb Angela McAllister
  • 5 star review  I had nothing but an amazing experience. Very professional, intelligent, hard working, and caring. Attorney Michael S. Georg was nothing short of amazing! He made the process painless and easy. From the first meeting to the last he was nothing but professional and showed that he cared! His staff was excellent and is very helpful!

    thumb Darrel Allen Sr
  • 5 star review  From the second I walked in and talked to the lawyer I felt a sense of relief and a huge weight off my shoulders. Debt Advisors was efficient, timely, and professional. They helped my husband and I to get a fresh start financially.We’re so happy we chose Debt Advisors!!

    thumb Suseela Riley
  • 5 star review  Not a good year, 2016. Chad L. Schomburg at Debt Advisors Law Office made it easier. Very professional and with the knowledge to answer all my questions. Extremely happy with the results and I highly recommend this Law Office.

    thumb Marco Ramirez
  • 5 star review  Mike Georg was extremely helpful during the entirety of my process. He made sure I understood exactly what was going to happen and he was always there to answer any questions I may have had. I really like the fact that I didn’t have to pay all out of pocket at once. Their payment plan made it easy for me to pay what I had to without breaking the bank. I’m completely satisfied with the level of professionalism that everyone in the office has. Even to this day I’m able to get in touch with them which I’m really grateful for. I’d definitely recommend them to my family and friends. If your someone who’s looking to get out of debt but are skeptical, you’ll have no worries here with Debt Advisors. The process is quick and easy.

    thumb Shetara Johnson
  • 5 star review  I still remember the day when I started my bankruptcy back in 2016. I selected Debt Advisors because a good friend of mine had recommended Atty Mike Georg to me. After we met I was glad that I did select Debt Advisors for many reasons. Mainly, it was the professionalism and care that Mike and his staff showed me throughout the entire process. It felt good knowing that my situation would be taken care of efficiently and in a timely manner. Even after my bankruptcy was discharged Attorney Mike Georg and Debt Advisors have been there for me in 2018 and this 2020. Both times I've needed professional help with things like providing me with documents and forms that I've needed from my case. I strongly encourage anyone looking for debt consultation to visit Debt Advisors for help. They're great at what they do!

    thumb Arlandus Morton
  • 5 star review  Bankruptcy is never fun, but this Law Office made it so much easier. If I ever had any questions at all they were answered timely. They even helped me through a rough time when I ended up having to pay taxes and had a big medical exspense too! They were always kind and never made me feel bad for having to do the bankruptcy. They were sympathetic to why and just helped me through it! I recommend them to anyone I know going through this or having to start this process. I know of two of the people I referred who used htem and loved them too! Thank you Debt Advisors Law Offices! Jeremy and Angel thank you personally!

    thumb Tami Miller
  • 5 star review  I can confidently say that Debt Advisors is NOT in the business of taking advantage of you in your current situation. Debt Advisors is in the business of helping you get in a better place than you are now. I was there, constantly worrying about this large amount of debt that I owed. Feeling sick to my stomach and unable to sleep at night. Then I talked to Mike. He is genuine and honest. Having him in my corner took this huge weight off my chest. If you are in this place, I highly recommend giving Debt Advisors a call, it is the first step in the right direction.

    thumb Kurt Cameron
  • 5 star review  I had nothing but and amazing experience with Debt Adviosrs. They made this process for me easy and painless. Still today they are open and willing to help me. These are really great people, and they really care. Thank you Geroge and the rest of your team.

    thumb DENISE MOORE

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