Chapter 13 Bankruptcy Law

Learn if filing Chapter 13 is appropriate for you:

Chapter 13 bankruptcy offers a number of advantages. Primarily chapter 13 offers individuals an opportunity to save their homes from foreclosure. By filing under chapter 13 bankruptcy law, individuals can stop foreclosure proceedings and may cure delinquent mortgage debt over time. Nevertheless, they must still make all mortgage payments that come due during the chapter 13 plan on time.

Another advantage of chapter 13 is that it allows individuals to reschedule secured debts (other than a mortgage for their primary residence) and extend them over the life of the chapter 13 plan. Doing this may lower the payments.

Chapter 13 acts like a consolidation loan under which the individual makes the plan payments to a chapter 13 trustee who then distributes payments to creditors. Individuals will have no direct contact with creditors while under chapter 13 protection.

Let’s Get Started – call me for a free case evaluation

As an experienced RI bankruptcy attorney, I have effectively handled scores of Chapter 13 bankruptcy cases. I will help you restructure your debt and save a lot of money in interest and penalty payments that would otherwise accrue over the lifetime of the debt.

Obtaining sound legal advice from an experienced attorney can mean the difference of saving your home and quickly getting back on the path to opportunity and success. I invite you to contact me to discuss your personal situation.