Four Essential Advantages of Hiring an Experienced Chapter 13 Attorney

by | Apr 16, 2020 | Lawyers

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Medical bills and insurmountable credit card balances are two key reasons why people file for Chapter 13 bankruptcy. They simply can’t afford to pay their bills anymore. Fortunately, there are Chapter 13 bankruptcy attorneys that can help you. Here are a few key benefits these professionals can offer you.

Knows The Process

A Chapter 13 bankruptcy attorney in Valdosta will know the procedures for filing Chapter 13 bankruptcy and can determine whether you qualify. In most cases, as long as you have unsecured debts under $395,725, you are eligible to file for this type of bankruptcy, according to the United States Courts.

Assists With Paperwork

The paperwork to apply for Chapter 13 bankruptcy is lengthy and cumbersome. You will also need to supply records of your income and balances due to creditors to substantiate your financial situation. An experienced Chapter 13 bankruptcy attorney in Valdosta can help you organize your information, fill out the proper forms and get everything sent to the appropriate parties.

Reschedules Debt

Your Chapter 13 attorney will also help you reschedule your debt. This usually results in lower monthly payments to creditors until the debts are paid off. When paying your debt off, you’ll usually send payments to a trustee. In any case, these lower payments will be much more manageable for you.

Helps You Keep Assets

An experienced Chapter 13 bankruptcy attorney in Valdosta will also enable you to keep most assets, including your house and vehicle. Your attorney may also recommend that you unload certain assets, including a car lease payment, if your income prohibits you from making the minimum payments.

A Chapter 13 bankruptcy attorney has a law degree and is highly experienced in dealing with bankruptcy cases. This better ensures you get the right advice so that you can get on with your life.

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