When finances spin out of control, creditors become aggressive. Bankruptcy is designed to help you keep your automobile, even if you've fallen behind on car loan payments.
Filing Chapter 13 bankruptcy is a popular alternative for people whose income is barely enough to make ends meet, and are facing repossession, lawsuits, and other debt collection tactics.
By filing Chapter 13 bankruptcy, you may be able to have all of your debts consolidated into a single court-protected repayment plan. Many people are able to have their total amount of debt reduced, including their car loan amount.
To learn more about how Chapter 13 bankruptcy could save your car, speak with a bankruptcy attorney today. Simply fill out the form below to arrange a free, no-obligation consultation.
As a general rule, individuals who file for Chapter 13 bankruptcy get a chance to keep their property. The bankruptcy court creates an affordable plan to repay debts, which lasts 3 to 5 years. This payment must be made in addition to any regular loan payments.
A key benefit of filing for Chapter 13 is the automatic stay. In a nutshell, features of the automatic stay include:
So, what is this court-ordered repayment plan? Briefly, it is a new payment plan that allows you to reorganize your debts in a fashion that allows you to make reasonable payments while still affording to make basic living expenses.
In order to qualify for Chapter 13 bankruptcy, a filer must meet a couple requirements. First, he or she must have a regular source of income. In addition, this income must be healthy enough to allow for payments on debt while supporting necessary living experiences.
Finally, the bankruptcy filer must fall within specific limits for secured and unsecured debts. A local attorney can help you determine these limits in your state.
If you do qualify, many people who file for Chapter 13 bankruptcy find that it can help them with:
To learn more about Chapter 13 bankruptcy, call a local bankruptcy lawyer today. Take the next step by filling out the free case review form below.
PAID ATTORNEY ADVERTISEMENT: THIS WEB SITE IS A GROUP ADVERTISEMENT AND THE PARTICIPATING ATTORNEYS ARE INCLUDED BECAUSE THEY PAY AN ADVERTISING FEE. It is not a lawyer referral service or prepaid legal services plan. Total Bankruptcy is not a law firm. Your request for contact will be forwarded to the local lawyer who has paid to advertise in the ZIP code you provide. Total Bankruptcy does not endorse or recommend any lawyer or law firm who participates in the network nor does it analyze a person's legal situation when determining which participating lawyers receive a person's inquiry. It does not make any representation and has not made any judgment as to the qualifications, expertise or credentials of any participating lawyer. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers. The information contained herein is not legal advice. Any information you submit to Total Bankruptcy does not create an attorney-client relationship and may not be protected by attorney-client privilege. Do not use the form to submit confidential, time-sensitive, or privileged information. All photos are of models and do not depict clients. All case evaluations are performed by participating attorneys. An attorney responsible for the content of this Site is Kevin W. Chern, Esq., licensed in Illinois with offices at 25 East Washington, Suite 400, Chicago, Illinois 60602. To see the attorney in your area who is responsible for this advertisement, please click here, or call 866-200-8052.
FLORIDA ONLY: Total Bankruptcy is considered a lawyer referral service in the state of Florida under the Florida Rules of Professional Conduct. By all other standards, Total Bankruptcy is a group advertisement and not a lawyer referral service.
If you live in Mississippi, Missouri, New York or Wyoming, please click here for additional information.
By an Act of Congress and the President of the United States, we are a federal Debt Relief Agency. Attorneys and/or law firms promoted through this Web site are also federally designated Debt Relief Agencies. They help people file for relief under the U.S. Bankruptcy Code. Disclosures Required Under the U.S. Bankruptcy Code.