Topeka Bankruptcy Attorney Jacob D. McElwee

Get Debt Relief with Chapter 13 Bankruptcy

What Is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy restructures your debts to allow you to keep your property while repaying your debt off over the next three or five years. . By fulfilling the terms of the plan, it will protect your real and personal assets.

Advantage of Chapter 13

Chapter 13 has several advantages. First, chapter 13 can stop foreclosure and let you keep your home. Second, chapter 13 allows you to pay unsecured debt down under better terms, i.e. lower or no interest. Third, you will not have to deal with debt collectors. Finally, in some instances it can allow you to reduce the amount you owe on your car. Click here for an explanation of all of the advantages of filing for chapter 13.

Qualifying for Chapter 13 Bankruptcy

Not everyone qualifies to file under Chapter 13. And, honestly, not everyone should file under Chapter 13, even if they technically qualify. However, if you are facing foreclosure, lawsuit, repossession or wage garnishment a Chapter 13 bankruptcy can rearrange your financial affairs allowing you to get back on your feet. Contact me for a free consultation so we can determine if filing for Chapter 13 is right for you.

What to Expect

Chapter 13 is a long and complex process. But don't worry, we will be there every step of the way to help guide you through the process. Filing for Chapter 13 bankruptcy always starts with a free initial consultation. At the consultation, we will talk about your financial situation and discuss the pros and cons of bankruptcy. If we determine it is in your best interest to file for bankruptcy, we will begin the filing process.