Chapter 13 Bankruptcy: Your Debt Repayment Plan
If you are struggling with debts you are no longer able to pay, Chapter 7 or Chapter 13 bankruptcy may be the answer for you. Chapter 7 bankruptcy is a debt liquidation bankruptcy that can allow you to discharge most types of debt. However, not everyone is eligible for Chapter 7 bankruptcy and it may not be the best solution for people with significant assets.
For people who have significant assets, a Chapter 13 bankruptcy may be the better solution. A Chapter 13 bankruptcy is a debt repayment bankruptcy in which a bankruptcy court judge has the power to order a three or five year debt repayment plan.
A Chapter 13 bankruptcy could allow you to put an end to creditor harassment, save you the cost of late payment penalties, put a stop to a wage foreclosure and protect your home from a home foreclosure. Learn more from the United States Bankruptcy Court by reading Bankruptcy Basics — Chapter 13.
Contact a Chapter 13 Bankruptcy Lawyer in Myrtle Beach
If you need to speak with a bankruptcy lawyer, contact the Bacon Law Firm in Myrtle Beach, South Carolina. Our attorneys are here to help and provide you with informed advice. We handle both Chapter 7 and Chapter 13 bankruptcy.
We offer a free consultation to discuss which option is best for your situation. To contact our law office in Myrtle Beach, call 843-839-8013, or contact us by e-mail.
Your Shield Against Home Foreclosure?
Perhaps the most significant advantage of a Chapter 13 bankruptcy is that it may help you to stop a home foreclosure. If you are behind on your home mortgage payment or see a problem on the horizon, contact a bankruptcy attorney as soon as possible.
Contacting an attorney early on in the process is always best, but feel free to contact us at any point. Even if you are behind on your mortgage payment and the bank has started a foreclosure, we may be able to help you protect your home.
Knowledge really is power. Learn more about bankruptcy and your legal rights. Schedule your free and informative bankruptcy consultation at our firm by calling 843-839-8013.
