What You Should Know About Filing for Chapter 13 Bankruptcy in Maryland or Washington DC
Are you facing piles of debt? Are you on the verge of mortgage foreclosure or car repossession? You may think your future is bleak. However, Chapter 13 bankruptcy allows you to reorganize and consolidate your debt into a Chapter 13 repayment plan lasting between three to five years. You can save your non-exempt assets, stop the threat of immediate repossessions and get on the path to financial stability.
At the Law Firm of Kevin D. Judd, our Washington DC Chapter 13 bankruptcy attorney will work with you to consolidate your debts and get you back on track. He knows every aspect of Chapter 13 bankruptcy. Because of this, he can help manage your case for debt restructuring.
Chapter 13 Bankruptcy Explained: Consolidate and Pay Back Your Debt
Bankruptcy gives consumers workable options for reducing debt once the debt has become unmanageable. Chapter 13 is for individuals who have a steady income but have fallen behind in house or car payments and are in danger of having their home foreclosed or their car repossessed. If you want to keep your house, keep your car and repay your debts, a Chapter 13 bankruptcy may be your best option.
Maybe you are concerned that filing for Chapter 13 bankruptcy will have a detrimental affect on your credit rating. However, successful completion of a Chapter 13 repayment plan will help your rating. This is because creditors will see you were able to make your payment on time. This is why it is important to work with a skilled Chapter 13 lawyer to understand how a Chapter 13 repayment plan works and know all of your options.
Our Maryland/Washington DC bankruptcy law firm has enabled many individuals to obtain a fresh start on their finances. If you are considering filing for bankruptcy, then contact our Chapter 13 bankruptcy attorney for a free initial consultation. You can also call us at (202) 483-6070 or visit our frequently asked questions about bankruptcy.