Dickinson Chapter 13 Bankruptcy Lawyers
The themes of hard work and financial struggle have been present for as long as there have been bills to pay and hours to labor. It seems that they have become even more pressing in the last century, as the availability and use of consumer credit have expanded dramatically, granting individuals access to goods and lifestyles that they could not otherwise afford.
As a result, many well-meaning and hardworking consumers find themselves unable to keep up with their financial obligations. For persons who are presently employed, Chapter 13 of the United States Bankruptcy Code offers some potential relief. Contact the Dickinson Chapter 13 bankruptcy lawyers of Gipson, Norman & Root at 1-800-291-0898 to learn more.
Important Information about Chapter 13 Bankruptcy
The process of filing for bankruptcy can be quite confusing for a layperson, and there are many different details that can complicate the matter further. For help in determining whether Chapter 13 may be right for you, consider the following important aspects of Chapter 13 bankruptcy protection:
- Corporations and business partnerships may not file, only individuals may
- The liquidation of assets is not required
- Unlike Chapter 7, debts are not merely forgiven, rather they are repaid over a longer period of time proposed by the debtor with a maximum of 5 years
- All foreclosure proceedings must cease during the bankruptcy period
- Collection efforts must cease during the bankruptcy period
Contact Us
There is no reason to continue living with the anxiety that aggressive collection efforts can bring. Contact the Dickinson Chapter 13 bankruptcy lawyers of Gipson, Norman & Root today at 1-800-291-0898 to schedule a free initial consultation.
