Seabrook Chapter 13 Bankruptcy Lawyers
More than half of American families are in debt. They take on debt to meet the demands of modern life when stagnating wages and a high cost of living limit the amount of discretionary income that they have available to them. Unfortunately, this is a risky financial balance to keep, and any unexpected interruption of income or expenses which are incurred in emergencies can leave families scrambling to keep pace with previously manageable obligations.
If you are feeling strained by a seeming insurmountable debt load, then we may be able to help. Contact the Seabrook Chapter 13 bankruptcy lawyers of Gipson, Norman & Root at 800-291-0898 to speak with a skilled and experienced bankruptcy attorney who is committed to helping you identify the best solution to your financial challenges.
Chapter 13 Bankruptcy Considerations
Bankruptcy is only one of the possible methods of seeking to resolve debt-related financial struggles. And even within the United States Bankruptcy Code there are different forms of protection available which are targeted at different groups of debtors or debt situations. Some important Chapter 13 Bankruptcy considerations include:
- There is no compulsory sale of assets
- Foreclosure proceedings cannot be initiated or advanced during the bankruptcy period
- An individual may only file for Chapter 13 if he or she is presently employed
- A debtor proposes a 3-5 year payment plan as part of the bankruptcy filing process
- Creditors are not permitted to contact debtors during the bankruptcy period
Contact Us
There is no reason to continue living with the unnecessary stress of unmanageable debt. Contact the Seabrook Chapter 13 bankruptcy lawyers of Gipson, Norman & Root at 800-291-0898 to schedule a free initial consultation.
