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  Positive: Professionalism ,  Quality ,  Responsiveness Quickly took all the pressures of collections and calls off mine and my wife's life. Fast to respond to questions and handle any concerns. Easy to work with and month out of my discharge my credit score in mid 600s . Can't thank our team enough.

    thumb James Blue
  • 5 star review  Positive: Professionalism ,  Quality ,  Responsiveness ,  Value Michael and his staff were beyond professional, I didn’t hesitate asking them any questions, I wasn’t concerned about anything, I would highly recommend them. Their communication is on point, friendly, kind, honest, patient, fast responses I’m completely satisfied with their service.

    thumb amoshgar zahngenner
  • 5 star review  Positive: Professionalism ,  Quality ,  Value I was refered by a friend and they were very nice and helpful and answered all my questions not knowing what to expect.

    thumb Heather Helgestad
  • 5 star review  Awesome no worries no stress just done period

    thumb Yolanda Curtis
  • 5 star review  Positive: Professionalism ,  Quality ,  Responsiveness ,  Value Was awesome to work with them! They helped me through a difficult time and really helped me move forward in life. Back over 700 credit score after 2 years from discharge and buying a new house.

    thumb Anthony Padovano (AJ)
  • 5 star review  Positive: Quality They helped me with the bankruptcy case and they were very helpful in the information and they were friendly

    thumb desilu mclaurin
  • 5 star review  Positive: Professionalism ,  Quality ,  Responsiveness ,  Value Great company and so easy to work with! Would definitely recommend as they mad a difficult time in my life a little easier.

    thumb Nicole Werther
  • 5 star review  Positive: Professionalism ,  Quality

    thumb Shakima Kimbrough
  • 5 star review  Positive: Professionalism I have used Michael George at Debt Advisors a few times in the past, and enjoy the professional, knowledgeable service that he provides. His good sense of humor and easy going disposition make getting through your debt relief program a breeze! I highly recommend his services and helpful staff.

    thumb Ed Rose
  • 5 star review  Positive: Professionalism ,  Quality ,  Responsiveness Excellent communication and explanation of process. My questions were always answered in a timely manner.

    thumb Victor Perez

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