Adjustment of Debts of an Individual with Regular Income
Chapter 13 is not just a debt repayment plan. If you want to protect property that you would lose in Chapter 7, Chapter 13 may be right for you. If you want a chance to stop foreclosure, catch up on your mortgage and save your home, Chapter 13 may be right for you.
At the law offices of Enderton & Mathews, our Salt Lake City Chapter 13 bankruptcy attorneys can answer any questions you may have and help you learn more, so you can make well-informed decisions. Having helped thousands of people get debt relief through bankruptcy, we understand what you are going through and what solutions are available.
Keep Your Assets and Get Rid of Your Debt
Chapter 13 accomplishes some goals that chapter 7 does not. A Chapter 13 will allow you to keep your most important assets, including your home, even if you are behind in your payments. Getting the chance to rework debt into a more manageable plan is especially valuable to people with past due mortgage payments and tax debt. In most chapter 13 cases, unsecured creditors receive nothing and their debt is discharged.
Our office will present a plan that complies with the bankruptcy code which, upon confirmation by the Court, will last between three to five years. During that time you will make reasonable monthly payments. At the end of that time, your remaining dischargeable debt will be wiped clean.
While Chapter 13 bankruptcy provides great long-term solutions, it also provides immediate relief. The moment you file for Chapter 13, you will receive an automatic stay, which puts an immediate stop to creditor harassment, foreclosure and repossession. Contact our Utah debt repayment attorneys to learn more about how Chapter 13 bankruptcy can give you a fresh start.
Contact Us
There are bankruptcy solutions out there that can help you resolve debts and keep your home and other assets. Our lawyers are ready to help you develop a plan tailored to your needs. Contact us today at our Salt Lake City offices to schedule a free initial consultation.
