Navigating Chapter 13 Bankruptcy
Rice & Associates Explains Chapter 13 Bankruptcy Matters
Rice & Associates Law Firm helps individuals to navigate Chapter 13 bankruptcy. Are you facing large amounts of unsecured debt? There is hope for financial freedom. Understanding the process of Chapter 13 bankruptcy can help you to find the best way to manage those debts.
For more than 30 years, trusted bankruptcy attorney David A. Rice, Esq., has helped individuals file personal bankruptcy. Let him help you, too. Call today at (724) 225-7270 for a free consultation. Our law office is also available on evenings and weekends for your convenience. We can also assist with corporate bankruptcy matters.
Protect Your Assets and Avoid Foreclosure
If you are facing foreclosure, repossession, utility cutoffs, credit card bills, harassing creditors, or the loss of property, choosing the route of Chapter 13 bankruptcy can help. It can stop all collection efforts and protect your assets. Individuals facing credit card debt, IRS debt, mortgages, and other unsecured debts may find help in Chapter 13.
How Does Chapter 13 Bankruptcy Work?
Chapter 13 bankruptcy works differently than Chapter 7 bankruptcy. With Chapter 13, you create a fair payment plan that spans three to five years. This allows you to pay off debts while protecting your assets. This payment plan must follow these guidelines:
- Must be made in good faith
- Plan must be feasible
- The plan must be the best effort to pay off debts
- Creditors must receive as much as they would under Chapter 7
Having a reliable bankruptcy attorney to support you can help you to get a fair payment plan.
Rice & Associates Law Firm Serves All of Western Pennsylvania
Including Canonsburg, Washington, Waynesburg, and Surrounding Areas
Trust Rice & Associates Law Firm to navigate Chapter 13 bankruptcy.