For some people, the prospect of filing for bankruptcy is met with fear and concern. Many people might not understand that if it is used properly, bankruptcy can help to give you peace of mind while helping you to regain control of your finances. Chapter 13 bankruptcy is the type of personal bankruptcy that allows you to rework your credit-related bills in a way that you can afford.
We can help you to learn how Chapter 13 bankruptcy can help you. One way that it can help you is by allowing you to keep some of you assets so that you aren’t having to start completely over just because you got into a bit of hot water with your finances. You might be able to keep a car or your home as long as you can pay for them.
There are a number of reasons why you might need to seek protectionunder Chapter 13 bankruptcy. Something as simple as an increase in interest rates on credit cards or a mortgage might make it impossible to keep up financially. You might be facing foreclosure or need to modify your vehicle payments.
If you are trying to keep up with your bills, but it is proving to be too much, let us help you explore your options. Credit cards, mortgage payments, medical bills and other bills don’t have to be a nightmare that has you losing sleep at night. Instead, you can take steps to get manageable payments and get a fresh financial start, but you have to take the first step.