Minneapolis Chapter 13 Bankruptcy Lawyers
Are you facing overwhelming mounting debts? Are your mortgage and auto payments falling behind? Mounting debt can quickly become overwhelming, especially with the threat of foreclosure or repossession. If your debts have gotten out of control, you may be facing the possibility of bankruptcy. If you have a steady income and property or assets, consider filing in Chapter 13. Chapter 13 bankruptcy allows you to restructure your debts and organize a manageable payment plan, allowing you to keep your valuable assets.
You must meet specific criteria set out by the US Bankruptcy Code in order to file in Chapter 13, and your bankruptcy lawyer can help you through every step of the process. You must have a reliable, consistent income, as the repayment plan is essential in Chapter 13. The Bankruptcy Attorneys at Solvent PLLC in Hennepin County and Minneapolis are dedicated to finding the right solution for your individual situation. Our lawyers have over 40 years combined experience in bankruptcy law to help guide you through the process of filing and achieving your financial goals. Contact our office today to get started.
What is a Chapter 13 Bankruptcy?
The most important element of a Chapter 13 bankruptcy is the restructuring of debt and the repayment plan. Restructuring what you owe and entering into a new payment agreement allows you to keep valuable assets, such as your home and your car.
You will need to meet eligibility criteria such as:
- Having a consistent, reliable income
- Your unsecured and secured debts are within set limits
- You are an individual filer (businesses are not eligible)
- No recent history of bankruptcy discharge (within two years for Chapter 13 or four years for Chapter 7)
If you meet these criteria and want to keep assets, such as your home, consider filing for bankruptcy in Chapter 13. The process of filing in Chapter 13 can be complex and complicated. Having a skilled, knowledgeable bankruptcy attorney at your side can make the process easier and faster. Call Solvent PLLC to speak with a lawyer today.
Call Solvent PLLC Today
If you are struggling with the stress of debt in Hennepin County and Minneapolis, call the bankruptcy lawyers at Solvent PLLC. Speaking with a knowledgeable and experienced attorney can help make the bankruptcy process easy and relieve your stress. The lawyers at Solvent PLLC use their many years of combined experience to help you navigate the complexities of filing in Chapter 13 and avoid common bankruptcy traps. Call today for a consultation.
