Chapter 13 Lawyer in Raleigh

Filing Bankruptcy

Attorneys at The Chetson Firm are steadfast in their dedication to helping people who are devastated financially and unable to keep up with their bills. They understand that there is a wide array of factors contributing to consumer debt in these troubling times and are committed to confidentially and respectfully helping their clients find answers to their financial challenges. To learn how they may be able to help you file a Chapter 13 petition or enter into another type of debt relief, please contact a Raleigh bankruptcy attorney at the firm immediately.

Raleigh Bankruptcy Attorney: Chapter 13

Chapter 7 and Chapter 13 actions are the most common types of bankruptcy filed under federal law. If you are eligible for a Chapter 13, also called "the wage-earner's bankruptcy," your unsecured debts, such as credit cards, are combined and a payment plan is created based on your disposable income. You don't have to worry about this plan as you will still have enough money left over to make payments on secured debt, such as house and vehicle payments. At the end of your payment plan, between 3-5 years, your unsecured debts are wiped out, even if they are not completely paid off.

Filing a Chapter 13 bankruptcy is a detail-oriented and time consuming process that should only be carried out by a qualified bankruptcy attorney. Attempting to complete the requirements on your own or even with an inexperienced lawyer may result in filing mistakes and a delay of the process. To do it right, you require the assistance of a law firm with a background and expertise in bankruptcy law. The firm has the credentials, the skills, the resources and the desire to look out for your best interests at this stressful time. They also understand that sometimes filing for bankruptcy isn't the only legal requirement surrounding financial problems and if need be will aggressively fight for your rights against creditor harassment or unfair collection practices.

Some benefits to consider in a Chapter 13 bankruptcy include:

• Restructuring secured debts, except for your primary residence
• Saving your home from foreclosure
• Making payments to a trustee instead of individual creditors
• Protecting loan co-signers
• Freezing interest and penalties on taxes

For solutions to your debt dilemma, please contact a Raleigh Chapter 13 lawyer immediately.