When you struggle with substantial amounts of debt, it does not just impact your finances. It creates lingering stress and anxiety that can make it challenging to get through the day. And despite your best efforts to catch up on overdue balances and late fees, it simply may not be enough. If you are experiencing this yourself and are unsure of what to do next, the Chapter 13 bankruptcy attorneys at CMC Law will provide you with the insights, information, and services you need to file for bankruptcy.

At CMC Law, we will utilize our professionalism and passion for bankruptcy law to help you settle your debts.

What is Chapter 13 Bankruptcy?

According to Chapter 13 bankruptcy lawyers, Chapter 13 is a type of bankruptcy that allows you to retain possession of cars, homes, and property even if you have fallen behind on payments. With this bankruptcy, you can work with a Chapter 13 bankruptcy lawyer to consolidate your debt into a repayment plan that is calculated and determined by your current living expenses and disposable income. If this plan is approved by the judge in your case, you will be given three to five years to complete the payments so you can officially discharge your debt.

Why You Should Hire a Lawyer?

If you are grappling with debt and desperately seeking relief, the best course of action is to hire a bankruptcy lawyer. Upon the first consultation, they can assess your circumstances to determine if you are a good candidate to file for Chapter 13 bankruptcy. If you are eligible and choose to pursue bankruptcy, they will immediately place an automatic stay on all your creditors. This prevents them from harassing you and puts a halt on all collection activities including car repossession and foreclosure. This will give you the time you need to work together to develop a strategic plan to help you get out of debt.

What Does a Chapter 13 Bankruptcy Lawyer Do?

When you partner with a Chapter 13 bankruptcy lawyer, they will provide several essential services to ensure your bankruptcy filing is a success.

  • Provide legal counsel. When you sign a retainer with your bankruptcy lawyer, they are required to provide you with sound legal counsel regarding any matter related to your bankruptcy filing.
  • Define goals and outcomes. Your lawyer will help you define your desired goals and outcomes for your filing so they can develop an individualized plan to help you succeed.
  • Prepare the bankruptcy filing. There is a substantial amount of paperwork involved when filing for bankruptcy. As a result, your bankruptcy lawyer will use specialized software to prepare documents to ensure their accuracy and meet necessary deadlines.
  • Represent you at the meeting of creditors. Your lawyer will attend the 341 meeting of creditors to represent and advocate for your best interests.

Seek Debt Relief with the Chapter 13 Bankruptcy Lawyers at CMC Law

While dealing with debt is always difficult, filing for bankruptcy will provide the relief you need. With the help of the bankruptcy lawyers at CMC Law, you can consolidate your dues into a simple repayment plan so you can regain control of your finances and your future.

Contact us today to schedule a free consultation.

At CMC Law, we have made it our mission to advocate for those who cannot advocate for themselves.