Chapter 13 Bankruptcy, Talladega, AL

Filing Chapter 13 bankruptcy may provide the financial relief you are looking for.

Also referred to as a wage earner’s plan, Chapter 13 bankruptcy allows you to use a portion of your income through a court-mandated plan to repay a portion or all of your debts. If you decide to file Chapter 13 bankruptcy, you will propose a repayment plan to your creditors where you make installment payments to your creditors over a period of three to five years. At the end of this three- to five-year period, any remaining debts you have will be discharged.

Chapter 13 Bankruptcy in Talladega, Alabama

There are many benefits of filing Chapter 13 bankruptcy over filing Chapter 7 bankruptcy. For example, if you decide to file Chapter 13 bankruptcy, you can save your home from the foreclosure process. Once you decide to file, you can put a stop to any foreclosure proceedings, as long as you can continue to make your mortgage payments on time moving forward. Another benefit of filing Chapter 13 bankruptcy is that you can reschedule your secured debts, which can lower how much you owe overall.

Other protections may be available to you when you file Chapter 13 bankruptcy, and we can explain them to you when you turn to us at Arnold Law Offices. We have an office in Talladega, Alabama, and we have helped many people successfully navigate the bankruptcy process and move forward financially.

We want what is best for you and your finances, so we will help you determine if you should file Chapter 13 bankruptcy or look into other options. Contact us today to learn more about what the bankruptcy process entails.

At Arnold Law Offices, we offer Chapter 13 bankruptcy services in Pell City and Talladega, Alabama.