Rhode Island Chapter 13 Bankruptcy Lawyer
What is Chapter 13 Bankruptcy?
Chapter 13 Bankruptcy is often called the wage earner’s plan because it requires that you have a regular source of income. Chapter 13 Bankruptcy is the only form of consolidation that requires your creditors to accept your payments on your terms. Thousands of Americans use Chapter 13 Bankruptcy every day because it’s a real solution to a real problems. The key element of filing a Chapter 13 Bankruptcy is the relief of stress caused by debt.
What are some types of debt which qualify for Chapter 13 Bankruptcy?
Many people realize that credit card debt can qualify them to file for Chapter 13 Bankruptcy; however, there are other types of debt that Chapter 13 Bankruptcy is designed to relieve:
Consolidate and Reduce Student Loans Payments
Stop Foreclosure and Reinstate your First Mortgage (Cure Arrears)
Eliminate Second Mortgage Debt and Judgment Liens
Consolidate and Reduce IRS and State Taxes
Apply for a Home Loan Modification
Why does Chapter 13 Bankruptcy work for debtors?
Speaking with a Chapter 13 Bankruptcy lawyer will provide you with more detailed, customized information, but here are a few ways Chapter 13 Bankruptcy is designed to help hardworking Americans like you:
Creditors are legally required to accept your terms once you’ve filed Chapter 13 Bankruptcy; other forms of “debt consolidation” do not require creditors to accept your terms and therefore don’t always work
Chapter 13 Bankruptcy consolidates all your debts, resulting in an affordable, manageable monthly payment based upon your monthly disposable income (take home less living expenses)
Repayment is on your terms (between 36 or 60 months) when you file Chapter 13 Bankruptcy and that can mean repayment without lawsuits, steep penalties, interest and legal fees
If you own a business, you can keep your business running. That’s right, you do not have to close down. In fact, you and your business will be protected from creditors while you are in the process.
You can file Chapter 13 Bankruptcy more than once; in many cases, you may even file Chapter 13 Bankruptcy immediately after filing Chapter 7 Bankruptcy – in fact after 4 years following a Chapter 7 Bankruptcy you are entitled to a Chapter 13 Bankruptcy Discharge
Why do people choose Chapter 13 Bankruptcy?
Some people are determined to pay back debt for personal reasons. Some people simply make to much money for Chapter 7. Since Chapter 13 Bankruptcy allows you to reorganize your debt into smaller, more manageable payments, you can repay your debt without the burden of exorbitant interest rates, late fees and penalties. Chapter 13 Bankruptcy simply restructures your debt in a way that allows you to regain control over your finances.
Chapter 13 Bankruptcy may seem scary but Stephen in his RI and MA office aren’t afraid to help you.
Trying to find a path toward freedom from debt leaves many people overwhelmed, and you may be intimidated by the prospect of filing Chapter 13 Bankruptcy. Attorneys in our Rhode Island office understand your apprehension; we are well-versed in Chapter 13 Bankruptcy and will walk you through the entire process.
We’ll share your burden by handling all aspects of your case, so you can get back to the things that really matter without being harassed by creditors or worrying about how you’re going to pay your debts.
Isn’t filing Chapter 13 Bankruptcy complicated?
It may seem complicated, but bankruptcy is our specialty and we will help you simplify your life again. Contacting us is your first step on the path to financial freedom.
You’re not alone.
At the bankruptcy law offices of Stephen Levesque we deal with Chapter 13 Bankruptcy in RI every day; it’s just what we do. We’ve seen Chapter 13 Bankruptcy help so many families out of stressful situations, and when you contact us we’ll be able to tell you if we can help you, too. After reading through my website and deciding that you need the help of a Rhode Island bankruptcy lawyer, please feel free to call me. For a free consultation with an experienced rhode island bankruptcy lawyer, call the law office of Stephen Levesque at (401) 490-4900; your call will be completely confidential and handled by an expert in RI and MA Bankruptcy law. I will be happy to meet with you and put my experience as a Rhode Island bankruptcy lawyer to work for you.