Charlotte Chapter 13 Bankruptcy Law Firm

Frequently Asked Questions:

What is Chapter 13 Bankruptcy?

Chapter 13 Bankruptcy is a reorganization type of bankruptcy where the debtor is allowed three to five years over which to pay back the debts.

One should keep in mind that there are intricate details to this legal process that should be taken into consideration before decisions are made about filing for bankruptcy. Who qualifies? Which kind applies to you? Will you be able to keep your property? This is why it is always a good idea to consult a competent bankruptcy attorney who can guide you through these complicated decisions and procedures.

Filing for bankruptcy might not be the solution to all your financial problems. In fact, bankruptcy does not cover every kind of debt. Common kinds of debts that bankruptcy does cover are credit card debts, medical bills and unsecured loans. However, debts related to child support, alimony or some tax debts cannot be covered in bankruptcy.

Let the bankruptcy attorney at Schwilm Law Firm help you. For a Chapter 13 bankruptcy first free consultation call at 877-838-9883.