We will provide you with all the information you need so you can determine if Chapter 13 bankruptcy makes sense for your situation.
Chapter 13 bankruptcy is one form of personal bankruptcy that provides for a repayment plan by which all your financial obligations and debts are reorganized. You will have just one payment to make each month through the Chapter 13 bankruptcy office. The purpose of this type of bankruptcy is to prevent or stop a foreclosure and other collection actions and give you a repayment plan on secured debts and those debts that must be paid in full while discharging certain unsecured claims in a rather complex calculation.
Every case is different, so it takes an experienced Chapter 13 bankruptcy attorney to guide you through this complicated process. Here at Meadows & Aderhold, P.A., we have the expertise you need and are dedicated to providing you with the personal attention necessary to get you through the process.
The first thing to do is compile a comprehensive financial statement that includes everyone you owe, how much you owe, the terms of the loan, your income, and other information, so we can determine if your situation qualifies for Chapter 13 bankruptcy. If it does not, we will discuss other options with you, including Chapter 7 bankruptcy. We go over all your options and answer all your questions, so you can make an informed decision about how to proceed.
If you would like to know more about how bankruptcy works and find out if Chapter 13 bankruptcy is a viable and sound solution for you, give us a call to schedule a consultation. We are proud to serve the Greensboro, North Carolina area with the legal services and advice you need to get back on the path to success you deserve. Call us today to learn more.