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Chapter 13

Making Chapter 13 Work for You in Louisville and Bullitt County

The attorneys of WANTLAND LAW, PLLC have more than 30 years of experience serving people and families in Bullitt County, Jefferson County and throughout the Louisville area. If a recent divorce or problems with a home mortgage mean that you need to consider your bankruptcy options, our lawyers can answer all of your questions and help you get the most out of your right to debt relief.

Contact a bankruptcy attorney at our office in Shepherdsville to set up a free consultation to learn about Chapter 13 and what it can mean for you.

Don’t be scammed — Unlike debt management or credit counseling programs, Chapter 13 is the law. Creditors must accept the Chapter 13 bankruptcy plan if certain conditions are met. The truth is that many credit counseling and debt repayment programs are scams that will not help you obtain debt relief. Contact us and let WANTLAND LAW, PLLC put the bankruptcy law to work for you.

Call 502-957-0000 for Advice About Chapter 13 Bankruptcy

Unlike Chapter 7, the debt relief provided under Chapter 13 requires people to prepare and perform on a debt repayment plan that generally lasts from three to five years. People whose adjusted household income is greater than the Kentucky median often have no practical choice but to file for Chapter 13 relief.

People who are eligible for Chapter 7 might still benefit from a Chapter 13 bankruptcy. While you can exempt certain property and assets from the claims of creditors in a Chapter 7 case, there’s a limit to the value of the assets you can protect. People who want to keep their nonexempt assets can spread out payments over that three-to-five year period in Chapter 13.

How Much Will I Have to Pay Back in a Chapter 13 Repayment Plan?

Minimally, you have to give your unsecured creditors just a little more than they would receive if your nonexempt assets were turned over, liquidated and distributed among your creditors in a Chapter 7 case. However, other factors, such as your income, your monthly living expense, the size of your tax refund and the availability of other sources of income will have an effect on the amount you have to pay.

One of the most beneficial aspects of Chapter 13 bankruptcy is that it cuts off interest and late fees on medical bills, credit cards, and other unsecured and non-priority debts. In addition, Chapter 13 also prevents wage garnishment and harassment from debt collectors and collection agencies.

How much you’ll pay back under Chapter 13 depends on the amount and nature of your debts and the value of your nonexempt assets. While you’re paying down your Chapter 13 plan, we can also help you work out solutions to problems with secured debts such as home mortgages and car loans.

Once you’re done with your repayment plan, you get the same discharge that a Chapter 7 debtor would receive. You also get the same protection from creditor collections while you’re paying down your plan.

To learn more about the benefits of Chapter 13 bankruptcy, contact an attorney at WANTLAND LAW, PLLC in Shepherdsville for a free consultation.

We are a debt relief agency. We help people file for relief under the U.S. Bankruptcy Code.

 

The attorneys of Wantland Law in Shepherdsville, Kentucky, advise and represent individuals and families in bankruptcy cases and debtor-creditor negotiations in Bullitt County, Nelson County, Spencer County, Hardin County, Okolona, Jefferson County, Louisville, and such communities as Mount Washington, Brooks, Lebanon Junction, Bardstown, Taylorsville, Elizabethtown, Radcliff and Fort Knox.

The information on this Louisville kentucky Wantland Law / Law Firm website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. THIS IS AN ADVERTISEMENT.

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