A Plan to Rebuild Your Financial Situation with Chapter 13
Chapter 13 bankruptcy is a restructuring process that allows you to keep some of your obligations to your creditors, but often does so with a more manageable structure, without constant creditor harassment and in a way that addresses your ability to pay.
Our bankruptcy lawyer, Portia Douglas, has been helping Indiana clients find a path toward a better financial future through the protections of Chapter 13 bankruptcy for more than 20 years. We are committed to providing personalized service and customizing a strategy geared to achieve your goals.
Protect Your Home, Your Car, Your Investments, Your Future
Bankruptcy doesn't mean an end to your life and your livelihood. It is an opportunity to recover from serious financial distress and a means of regaining control of your financial future. Many of our clients are facing the prospect of losing their homes, and Chapter 13 bankruptcy protection can be a pathway toward saving your home. Mortgage arrearages can be paid back over an extended period of time to avoid homeowners from having to come up with large lump sums.
Many who have purchased cars more than 910 days before the bankruptcy filing are able to cram down or force the car creditor to accept the fair market value of the car as opposed to what is owed and lower the interest rate to something more affordable.
Your income may allow you to pay pennies on the dollar to the creditor claims that are filed and discharge those debts where creditors never timely filed claims.
How Does a Previous Bankruptcy Effect Me?
A prior Chapter 7 in the last eight years also mandates the use of Chapter 13 bankruptcy. Chapter 13 stops all interest on unsecured debts such as credit cards at the time of the filing of the bankruptcy. You only have to pay toward debt where creditors have timely filed legitimate claims. Many plans in Chapter 13 are confirmed at a small percentage of the total debt.
At the end of the process, we strive to see you holding on to the property you most value, while being able to manage under a more sustainable debt structure. The Experience and Service to Build Personalized Recovery Plans.
Contact Attorney Portia Douglas
Your financial situation is unique, and what has helped put other families on the path to recovery may be very different than what your situation requires. Work with a lawyer who will take the time to address your concerns. Contact our Indianapolis, Indiana, office today to schedule an initial consultation with attorney Douglas to discuss your options under Chapter 13 bankruptcy protection.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
