Chapter 13 Bankruptcy
The bulk of financial difficulties may come in the form of neglected bills. Daily, I
witness this occurring where people get two or three payments behind on taxes, child
support, mortgage payments, or similar bills. Chapter 13 Bankruptcy proposes a payment
plan so that they can get back on track. Simply put, the Chapter 13 Bankruptcy process
stops foreclosures, stops repossession, stops the IRS from nagging about unpaid taxes,
and creates an opportunity to propose payment plans that my clients find highly
reasonable.
When complying with conditions of their payment plan, my clients have found relief in a
complete discharge or forgiveness of debt after three to five years. Your disposable
income and several other personalized factors are considered when the amount to be
repaid is determined. In most cases, my clients resort to Chapter 13 Bankruptcy to halt
foreclosures on their homes, compensate for neglected automobile payments, and pay
back taxes. There are several other applicable situations.
Chapter 13 Bankruptcy is a reorganization rather than liquidation process and is suitable
for those who wish to maintain secured assets, including housing. When state bankruptcy
exemptions cannot protect assets concerned, Chapter 13 Bankruptcy may be a feasible
solution. Often, my clients who wish to secure nonexempt property of higher value
choose to file for Chapter 13 Bankruptcy.
I understand my clients’ desire to tackle accumulating debt from back taxes, child
support, mortgage payments, and other hefty life obligations. My practice not only offers
first consultations free of charge, but also starts customers with no money down on
attorney fees.
No other bankruptcy attorney in Little Rock, AR considers your needs and objectives as
practically as I do.
