Chapter 13 Is Doable!
If you don’t qualify for Chapter 7 or have substantial assets you want to protect, filing for Chapter 13 bankruptcy may be the best way to reduce your debts and regain control of your finances. At the McBride Law Firm, we can help.
Located in Alexandria, our Chapter 13 bankruptcy lawyers have been helping individuals in Rapides Parish and throughout central Louisiana discharge their debts for more than 30 years.
At the McBride Law Firm, we put our clients’ needs first. We provide clients with an honest assessment of their financial situation. We will only suggest filing for Chapter 13 bankruptcy if it is the best way to reduce your debts while protecting your assets.
Regain Control Of Your Financial Life Through Chapter 13
Under Chapter 13, debts are reorganized into a repayment plan. Repayment plans typically last three to five years. During this time, individual’s make monthly payments to the bankruptcy trustee. The trustee then disperses these payments among the individuals’ creditors. Creditors are typically paid pennies on the dollars owed. At the end of the repayment plan, any remaining debt is discharged.
Chapter 13 is typically used by individuals who earn too much money to qualify for Chapter 7 under the means test, or those who have assets – such as a home with equity or other nonexempt assets – that they want to keep.
Chapter 13 can also help individuals who have nondischargeable debts such as student loans and back child support. While certain debts can never be discharged, including them in the repayment plan prevents collection action – such as wage garnishment – and gives individuals the opportunity to catch up on late payments.
At the McBride Law Firm, we carefully evaluate your financial situation – including your debts and your properties – as well as your goals to determine whether Chapter 13 is right for you. If Chapter 13 does offer the best path to debt relief, our attorneys will work closely with you to help you navigate the process as efficiently as possible.
Don’t Wait; Call The McBride Law Firm Now.
Ready to stop creditor harassment, eliminate your debts and take back control of your finances? Don’t wait another day. Contact us at 318-625-0471. We offer free same-day or next-day appointments and flexible hours to accommodate your needs. Walk-ins are welcome.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.