Chapter 13 Plan

You may have heard that a Chapter 13 plan for bankruptcy might be the best plan for you, but what does that entail, and where will that leave you? When you’re struggling with the details of Chapter 13 bankruptcy, you need a bankruptcy attorney on your side.

When you’re deep in debt, bankruptcy may be the best option for getting out of debt and back to your normal life. Bankruptcy plans, however, are complex, and you may have trouble understanding the legal and financial implications.

Take control of your life and finances with a lawyer who can explain your case and walk you through what you need. At the Rowdy G. Williams Law Firm, we understand that this is a difficult time for you and your family, but we can help.

When you’re struggling with choosing and implementing a Chapter 13 plan, speak to our attorneys.

What Can a Chapter 13 Plan Do?

Each plan has different requirements, and if you’re planning to file Chapter 13 bankruptcy, you likely have plenty of debt but also the means to pay it over time. Chapter 13 bankruptcy is best for people who are in over their heads but have the chance to recover from their losses.

Chapter 13 restructures your debt so that your liabilities are prioritized or reduced based on type and what’s owed. A bankruptcy lawyer can speak with you and your trustee to decide how your debts will be handled and how long it will take.

A Chapter 13 plan is typically the easiest on your finances. While Chapter 7 focuses on getting your debt removed as soon as possible and starting anew, Chapter 13 plans give you three to five years to handle your expenses and get your debt covered without selling most of your assets.

Chapter 13 Bankruptcy Process

Having a lawyer on your side can make the bankruptcy filing process simpler and more streamlined, as well. We can ensure that you’re getting the best care and the best plan for your needs, as well as making sure that all your bases for settling debts are covered.

First, you’ll need to make sure you’re eligible. This usually means that you’ve gotten credit counseling and that your income is above the Indiana state median, meaning you can cover your debts in a timely manner. Filling out the paperwork for this can take some time, which our lawyers can help you with.

Once you file your Chapter 13 plan, an attorney can accompany you to speak with a trustee of the court, who will go over what you need to know about your rights and your debts for the next three to five years. With a lawyer on your side, you’ll receive help and guidance through every step of the process.  

Get Help Filing Your Chapter 13 Plan

The idea of bankruptcy might be frightening, but you don’t have to struggle with it alone. With help from an attorney from the Rowdy G. Williams Law Firm, you can get the personal attention you need to see your bankruptcy plan through.

If you’re struggling with debt and want to make a Chapter 13 plan, don’t hesitate to give us a call. We offer free consultations, so contact us today. Give us a call at 1-812-232-7400 or fill out our online form below.