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Chapter 13 Bankruptcy Lawyers in Louisiana
Chapter 13 bankruptcy, which is sometimes referred to as reorganization bankruptcy, is fairly different from Chapter 7 bankruptcy. Chapter 13 bankruptcy allows debtors to reorganize their debt into a wage earner's bankruptcy plan that will let them pay back all or some of their debts over a period of time. For those who do not qualify for Chapter 7 bankruptcy or who wish to keep certain assets such as a car or stop foreclosure on a house, Chapter 13 bankruptcy may be a better option.
At Williams & Boxie, Attorneys at Law, we have all clients who are considering bankruptcy fill out a pre-interview form that will determine whether Chapter 7 bankruptcy or Chapter 13 bankruptcy will help them resolve their situation, or whether bankruptcy is not the best solution for their problems.
If you believe that Chapter 13 bankruptcy may be a good solution for your situation, contact our firm right away at 225-775-9888. We offer a free initial consultation and case evaluation where we can sit down and discuss your options. Let us help you get out of debt in a manner that looks out for your best interests.
Chapter 13 Bankruptcy Process
The process of filing for Chapter 13 bankruptcy has certain requirements and deadlines that must be met in order to be successful. For clients who have filed for Chapter 7 bankruptcy in the last eight years, or for clients who have been threatened with foreclosure or repossession, Chapter 13 is the only bankruptcy option available.
The client needs to provide proof of income from the last six months, tax returns from the last two years, a copy of a driver's license and a Social Security card. Clients must also go through a consumer debt counseling program within the first 180 days before a case is filed. Finally, attendance at a financial management course is also required.
Once all information is in place and the client has gone through counseling, all information is filed in and the bankruptcy document is created. The client will come back to our office for a review and signing. Once the paperwork is filed, the client will have to appear at a creditors meeting and confirmation hearing about a month later.
After Bankruptcy
After the process is over, Chapter 13 bankruptcy can provide necessary relief for people who are in debt and are facing foreclosure or repossession. Filing for Chapter 13 bankruptcy will also stop creditor harassment and bring the promise of financial security to clients.
Contact Williams & Boxie Attorneys at Law for a free consultation. We will discuss your situation and find an option that works for your best interests. Call us today at 225-775-9888.