Giving You The Tools You Need To Succeed: Chapter 13 Bankruptcy Protection

If you have a steady income and want to protect your property and other assets, a Chapter 13 bankruptcy filing may be the best option for you. Not limited to individuals, Chapter 13 is also an option for small-business owners who require debt relief.

At the Louisville law office of attorney Michael B. Marks, we are dedicated to helping clients understand the choices before them while determining the right path to take.

You can schedule a free consultation today by calling 502-785-0953.

Structuring A Repayment Plan With An Attorney

While Chapter 7 consumer protection is classified as a liquidation bankruptcy, Chapter 13 implements a process of reorganization and debt repayment. During a Chapter 13 bankruptcy, a structured repayment plan will be drafted and implemented. This plan accounts for your consolidated debt, income and your ability to pay off debts over time — most Chapter 13 repayment timelines last three to five years.

Some potential benefits of Chapter 13 consumer protection include:

  • Your property and assets will remain untouched.
  • A structured repayment plan will give you time to gradually repay your debts.
  • Repossession actions will stop.
  • Your home will be protected against foreclosure.
  • You can begin rebuilding your finances and credit rating.

Practical Advice Toward Creative Bankruptcy Solutions

When you are considering filing for bankruptcy, you want to work with a lawyer who understands the law and legal landscape. By focusing a vast majority of his practice on matters of personal bankruptcy protection, Michael keeps abreast of any changes to the law that may affect his clients.

Contact Michael today for a free, no-obligation consultation by calling 502-785-0953 or by sending an email. With a vested interest in helping each client find bankruptcy relief, our Louisville firm will provide you with the personal representation you require.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.