When you are no longer able to keep up with outstand bills, let alone living expenses, you may find yourself in debt. The amounts you owe can quickly snowball out of control due to added interest charges and monthly fees. Even when you are able to make minimum monthly payments, it can feel like your balances never actually go down. You may be facing the threat of collections, wage garnishment, foreclosure, or harassment from creditors.
If you are experiencing any of the above, consider filing a Chapter 13 bankruptcy. A Chapter 13 bankruptcy can be a tool for you to get back in control of your finances. Filing for bankruptcy on your own can be an intimidating process, but a knowledgeable bankruptcy attorney can help make the process smooth and straightforward. The bankruptcy attorneys at Solvent PLLC in Shakopee, MN have extensive experience in consumer bankruptcy to help you through every step of your Chapter 13 filing. Call today for a consultation.
What is a Chapter 13 Bankruptcy?
Filing for bankruptcy in Chapter 13 involves the restructuring and repayment of your debts. Rather than liquidating your assets, you will repay your creditors on a monthly basis. The duration of a Chapter 13 bankruptcy is usually around five years.
Chapter 13 is an excellent option for consumers who have important assets they want to keep, such as a home or property, and is well-suited for those who have reliable, steady income. Your Solvent lawyer can assess your finances to determine your eligibility to file in Chapter 13.
Contact a Minnesota Chapter 13 Bankruptcy Attorney
If you have a reliable income but just can’t keep up with your growing debts, consider filing a Chapter 13 bankruptcy. The attorneys at Solvent in Shakopee, MN can help make the process easy so you can gain back your financial freedom. Call a Minnesota Chapter 13 bankruptcy attorney today 651-374-8881.
