A Chapter 13 bankruptcy will allow you to get rid of all your unsecured debt; it is simply a reorganization of your debt. You may file a chapter 13 Bankruptcy claim if you are a debtor who has some form income that will sustain a payment plan. The payment plan can span anywhere from 3-5 years depending on the particular situation.
An individual consumer, a small business or a sole proprietorship can file a Chapter 13 claim. Unlike Chapter 7 bankruptcy, which simply liquidates your assets to pay creditors, Chapter 13 allows you to eliminate or reduce your debt at your own pace, through a payment plan that works for you.
Contact us at 972-939-4878 for a free consultation today to see if this type of bankruptcy claim is right for you.
Who Can Help?
If you have been afflicted with any financial problems and are wondering if bankruptcy is the right option for you, contact NNK at 972-939-4878 for a free consultation. Bankruptcy matters are complicated and can take up to a few months to resolve, so it is important to contact an attorney as soon as possible. At NNK, we are committed to helping your achieve financial freedom and gaining control over your life.