Chapter 13 Bankruptcy
Chapter 13 offers debtors many advantages including:
- In a Chapter 13 case you do not have to prepay your entire attorney fee prior to the filing of your case. You do have to pay a minimum of $250 which covers certain costs and expenses.
- In Chapter 13 you do not have to be concerned about losing any of your property. You keep all of your property. If you have excess equity in your property, you will pay that value, over time, as part of your payment to the trustee.
- Chapter 13 allows you to cure arrearages owed on your home or cars. You must still make your regular payment each month but Chapter 13 gives you a way to pay the amount you are behind over a period of time.
- No interest is paid to unsecured creditors in a Chapter 13 case. This feature means that the amount you owe to unsecured creditors is fixed on the day of the filing of the case. You will not incur any further late fees, interest charges, over limit fees, or other charges.
- As with Chapter 7, the filing of a Chapter 13 case will stop your creditors from harassing you. You will finally be able to stop worrying about the phone ringing. It will also immediately stop all lawsuits and garnishments.
- You can protect someone who co-signed on a consumer loan with you. As long as you propose to pay the debt in full, the creditor cannot sue the co-debtor while you are in Chapter 13.
- In some circumstances you can lower your interest rate and/or your payment on your car loans. The bankruptcy code does not allow for the modification of your mortgage on your principal residence
Our Birmingham and Tuscaloosa bankruptcy lawyers can explain all of your options to you. You will not be pressured to hire Melinda Murphy Dionne, P.C., or file a bankruptcy case. Our Birmingham and Tuscaloosa bankruptcy lawyers will explain your options to you for free.
How to Get Help and Get Out of Debt
When you are ready to get out from under your crushing debt, give Melinda Dionne a call at 205-349-5911 (Tuscaloosa) or 205-453-1012 (Birmingham) or click here. When you call, tell our assistant, Ginny, that you are a website reader and she will set you up with a free, no obligation, consultation to see how Melinda can help you start living again.
Tuscaloosa Office: 9217 Old Greensboro Road, Tuscaloosa, Alabama 35405 (205) 349-5911; Birmingham Office: 4 Office Park Circle, Suite 214, Birmingham, Alabama 35223 (205) 453-1012.
The law firm of Melinda Murphy Dionne represents clients in Central and West Alabama including Birmingham, Tuscaloosa, Centerville, Fayette, Jasper, Moundville, Tuscaloosa County, Bibb County, Blount County, Fayette County, Greene County, Hale County, Jefferson County, Lamar County, Perry County, Pickens County, Shelby County, Sumter County and Walker County.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers.