A Viable Way To Get Out Of Debt
Some people may not want simply to have their debts discharged by filing for Chapter 7 bankruptcy. People at risk of losing their home via foreclosure are not protected from losing their homes under Chapter 7 bankruptcy, but a Chapter 13 bankruptcy filing can stop foreclosure.
Unlike Chapter 7 bankruptcy, Chapter 13 bankruptcy does not generally lead to consequences such as car repossession or the loss of a home. Instead, people enter into a repayment plan for a set term of 36 to 60 months. At the end of that time, debts are discharged. This is often a more attractive option for Kearney residents who are looking to implement a wage-earner plan in order to emerge debt-free.
Consider The Benefits, Then Decide
can help guide you through the bankruptcy process and help you decide which route to take. The benefits for Chapter 13 include:
- Being able to avoid foreclosure on your home if your mortgage is past due
- Having active tax collections stop, and have creditors stop hounding you
- Repay your debts over time instead of selling your existing assets
Mike Carper has helped many Nebraska residents get through the bankruptcy process. As a respected lawyer who has been practicing in central Nebraska for more than 25 years, Mike has worked on a wide variety of bankruptcy cases.
Call Today To Discuss Your Options
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.