Noblesville, Indiana Chapter 13 Bankruptcy Lawyers
Chapter 13 bankruptcy is sometimes referred to as "wage earner" bankruptcy. Through this option, people with regular and sufficient income make structured payments to creditors. Chapter 13 is a method for prioritizing the payment of your debts with the benefit of legal protection. Many who choose this type of bankruptcy are homeowners in danger of losing their homes in foreclosure.
Would you like to speak with an attorney about Chapter 13 bankruptcy? Call the law firm of Kincaid & Kincaid, P.C. at 877-370-5570 to schedule your free initial consultation. You can also e-mail our firm and we will be in touch with you promptly.
Do I Qualify for Chapter 13?
You must qualify for Chapter 7 bankruptcy under the means test. If you do not qualify, Chapter 13 may be your best option. People who qualify for Chapter 13 may have also had a prior bankruptcy filing or have other financial issues that cannot be addressed by Chapter 7. Our attorneys can speak with you about this and other options such as bankruptcy alternatives.
How Does Chapter 13 Work?
If you are eligible for Chapter 13, you will enter into a debt repayment plan with your creditors. You have the option of keeping your home, vehicles and other secured assets. However, you must keep current on payments. The payment plan will take place over a 3-5 year period. Our firm may be able to negotiate lower interest rates and other items on your behalf. When you have fulfilled the obligations of your payment plan, your remaining debt is discharged.
Kincaid & Kincaid, P.C. looks forward to helping you obtain a fresh start on your finances. Contact us to schedule your free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.