You can get help with debt relief from a trusted chapter 13 bankruptcy attorney in Valdosta area. When you are ready to make some changes that can get rid of your debt once and for all, you need to contact an attorney that specializes in bankruptcy law. If you feel like you are drowning and have had enough of worrying about your bills it is time to take some action. There is help! You do not have to struggle alone anymore.
The Debt Relief
Chapter 13 sometimes referred to as the wage earners plan can help you to restructure your debt and make one easy payment each month to a chapter 13 trustee. An attorney will go over your income and the debt that you owe and come up with a plan that will make catching up on your debt easier. Other benefits of filing this type of case is:
- Stop foreclosure
- Stop repossession
- Stop wage garnishments
Under the “automatic stay” any and all collection activities have to stop. That means if your home is at risk of foreclosure the bank will have to stop any further action. If your car is under a repossession order it cannot be repossessed. If you have wage garnishments they have to come to a halt. Filing bankruptcy offers immediate blanket relief so that your plan can be worked out to catch up and repay debt. The minute your case is filed the automatic stay goes into effect.
There may also be some debt that does not have to be repaid. Interest rates can be lowered by the court as well. There are several different actions that can be taken by the court that can lower your overall debt and how much you have to repay. The plans usually are for 36 months but can be extended to up to 5 years depending on the amount of your debt and the amount of income that you have available.
Speak to an Attorney
The first step that you need to take to take advantage of the laws that protect consumers just like you is to contact a trusted attorney that can go over your options and help you to find the relief that you need. There is help and it could change everything for you. You just need someone in your corner that understands the law and can help you to take advantage of the protections that bankruptcy has to offer.
