Reduce Your Debt and Establish a Repayment Plan in Chapter 13 Bankruptcy
In today's economy, many companies and investors are having serious difficulties. All across the country, people are restructuring their debt and eliminating unsecured debts like credit card balances. If you need help to get out from under crushing debt, it is your right to seek protection under Chapter 13 of the Bankruptcy Code.
Chapter 13 bankruptcy is designed for consumers who have a regular source of income. Chapter 13 is also an effective way of dealing with substantial debts that may not be eligible for discharge in Chapter 7, such as tax debts and student loans. If these conditions apply to you, contact the Las Vegas offices of John Peter Lee, Ltd., for a free consultation with an experienced bankruptcy lawyer.
Chapter 13 Debt Reduction Plans for Wage-Earners
In a Chapter 13 bankruptcy, many of your unsecured debts are reduced or discharged outright. The remaining debt is rolled into a payment plan, enabling you to repay the debt at an affordable rate. If you need immediate relief from collection actions and breathing room to deal with an unexpected financial downturn, the turmoil of a divorce or overwhelming medical bills, Chapter 13 bankruptcy may offer a real solution.
You must be able to keep up with the repayment plan in order to successfully complete a Chapter 13 bankruptcy. That is why it is vitally important to seek the guidance of an experienced attorney who can assist you in evaluating your options and coming up with a plan that you can live with.
At the Nevada law firm of John Peter Lee, Ltd., we help clients obtain real debt relief in Chapter 13 bankruptcy. Contact us today for a free, informative and completely confidential consultation.
