Work With an Experienced Chapter 13 Bankruptcy Attorney Near Chesapeake, VA and the Surrounding Areas
Chapter 13 bankruptcy allows debtors who have a regular income to keep their assets and repay their debts over time. It is often the right choice for debtors who do not qualify for Chapter 7 due to the means test, as well as debtors who want to ensure they don’t lose any of their assets in the process. When filing Chapter 13 bankruptcy with your attorney, you’ll have to develop and submit a plan to repay some or all of your debts over a specified period. During this period, all of your disposable income will go to the bankruptcy trustee, who will then disburse the money amongst your creditors. If you follow the plan faithfully, remaining debts are typically discharged at the end of the period. At Winchester, Pedigo & Goolsby, PLC, you can partner with an experienced bankruptcy attorney to guide and assist you throughout the Chapter 13 process. We assist clients in Chesapeake, VA and throughout the Hampton Roads area.
A Chapter 13 Attorney at Our Firm Can Help You Restructure Your Debts to Avoid Losing Your Essential Assets
When filing Chapter 13 bankruptcy, you and your attorney submit a plan to repay your debts over a three to five-year period. The amount of your payment is dependent upon a number of factors enumerated in the Bankruptcy Code. At the end of the three to five-year period, generally, all remaining unsecured debts will be discharged.
It can be incredibly complex and challenging to create a repayment plan that will be accepted by the court and your creditors. While it is possible to file Chapter 13 bankruptcy without an attorney, the vast majority of pro-se cases are unsuccessful. If you want to avoid expensive mistakes and ensure that your petition is successful, contact our firm and speak with a qualified attorney today. You’ll work directly with a knowledgeable attorney and get personalized advice based on your unique situation.
Get Professional Assistance Filing Chapter 13 Bankruptcy
If you are deep in debt and want to stop creditors from taking action to collect without losing any of your assets, Chapter 13 bankruptcy may be the right solution for you. Contact Winchester, Pedigo & Goolsby, PLC today to schedule your free initial consultation and get the guidance you need to position yourself for financial recovery.
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Chapter 11 is a form of bankruptcy that involves restructuring finances in order to repay debts over time.
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The information contained on this website is presented for informational and marketing purposes only and is not to be understood as legal advice. You should consult an attorney for advice respecting your individual needs. Winchester, Pedigo & Goolsby, PLC looks forward to speaking with you about your particular needs. Please note, however, that the mere act of contacting our firm does not create an attorney-client relationship. As a result, you should never send any confidential information to our office until a Representation Agreement has been signed by both you and Winchester, Pedigo & Goolsby, PLC.