In certain circumstances, we may be able to help you with a no Fee Upfront chapter 13 Bankruptcy. We understand the difficult position our clients face and we want to help. Chapter 13 provides the ability to make payments to the trustee. Some of these payments can be used to pay your legal fees resulting in no upfront fees for you to pay. In other words, instead of paying back you unsecured credit cards, you use the chapter 13 plan to pay our fees. Each case is different and we would like to help you. But we must also ensure that you are committed to the bankruptcy process. Call today and lets schedule an appointment were we may be able to help you with a zero down chapter 13 bankruptcy.
What Does Chapter 13 Do for Debtors?
Chapter 13 provides for adjustment of debts of an individual with regular income. A chapter 13 bankruptcy enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments payments to the chapter 13 trustee. Some of these fees are used t pay your attorney fees. During this, time the law forbids creditors from starting or continuing collection efforts.
Advantages of Chapter 13
Chapter 13 bankruptcy offers individuals a number of advantages over liquidation under chapter 7. Perhaps most significantly, chapter 13 offers individuals an opportunity to save their homes from foreclosure. By filing under this chapter, individuals can stop foreclosure proceedings and may cure delinquent mortgage payments over time. It also allows you to pay your attorney fees in whole or in part through the chapter 13. Most importantly, you will have no direct contact with creditors while under chapter 13 protection.
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How Chapter 13 Bankruptcy Works
A chapter 13 bankruptcy case begins by filing a petition with the bankruptcy court. Additionally they have to file the chapter 13 repayment plan. When an individual files a chapter 13 petition, an impartial trustee is appointed to administer the case. The chapter 13 trustee both evaluates the case and serves as a disbursing agent, collecting payments from the debtor and making distributions to creditors.
Individuals may use a chapter 13 proceeding to save their home from foreclosure and pay their attorney fees. The automatic stay stops the foreclosure proceeding as soon as the individual files the chapter 13 petition. The individual may then bring the past-due payments current over a reasonable period of time.