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
The Law Offices of Michael D. Carper 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 35 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.