Chapter 13 Bankruptcy Lawyer
At Markwell Law LLC, I devote substantial time, energy and resources to helping clients file for bankruptcy protection. I am committed to helping those who feel they’ve reached the end of the line, which includes individuals struggling with day-to-day debt.
In Chapter 13 bankruptcy, the debtor proposes a payment plan to the court and his or her creditors. The plan cannot be longer than 60 months. In many cases, the debtor may not have to pay his or her debts in full, but the plan must pay creditors at least as much as the creditors would receive in a Chapter 7 bankruptcy. A Chapter 13 debtor must have reliable, regular income to make a plan successful.
Pay Down Your Debt Gradually
Chapter 13 bankruptcy protection provides a hassle-free way to repay some of your unsecured debts within a specified time period. Once you complete your plan’s payment schedule, your remaining unsecured debts are discharged. A repayment plan is not meant to punish you and put you in a more difficult financial situation. The plan is designed for you to pay back what the court determines you can afford to pay.
You Can Afford a Repayment Plan
If you have income, the court will determine a plan that will work for you. That plan will be based off of that income, so even if you find yourself earning less than ever, and in more debt than ever, a Chapter 13 bankruptcy repayment plan may still provide you with the fresh start you need.
Even if your income is substantial, you can still secure the debt relief you need. Chapter 13 bankruptcy is the preferred choice to stop foreclosure of your home. It is also an effective way to repay back taxes. Not qualifying for Chapter 7 is not the end of the world. That fresh start awaits you through Chapter 13 bankruptcy.
Under Chapter 13 bankruptcy protection, you may be able to stop a foreclosure. You will gain the benefit of the automatic stay or the immediate stopping of any creditor contact. As a St. Louis and St. Charles Chapter 13 attorney, I can evaluate your mortgage and debt issues to determine the best way to protect your home. I can structure your mortgage payments into your repayment plan or create other strategies. I am committed to protecting your best interests throughout the process.
Strip Away Second Mortgages
In certain cases, Chapter 13 may provide ways to strip away second mortgages. This is particularly true if the fair market value of you home has decreased in value less than the amount owed on your first mortgage. Call me today at 636-486-1093 to arrange a free consultation.” – Attorney Charles “Guss” Markwell
Free Initial Consultations
If you are struggling to make ends meet, you need a diligent advocate in your corner. I am available to discuss your situation at 636-486-1093, or you can send me an e-mail. My office is located steps away from Old Town St. Charles. I provide flexible office hours, including consultations at your home.
Don’t let another day go by without having a zealous attorney protecting your future.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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