Raleigh Chapter 13 Bankruptcy Attorneys
Millions of Americans find themselves in dire financial straits every year for a variety of reasons, and for many of those looking for relief, a Raleigh Chapter 13 bankruptcy lawyer can help them find an effective way to emerge from debt and secure a fresh financial start. For individuals or families looking to file for bankruptcy, many find that Chapter 13 bankruptcy provides an ideal opportunity for debt relief.
If you are interested in Chapter 13 bankruptcy, it is important that you consult with a legal professional. The Raleigh Chapter 13 bankruptcy lawyers at the Bradford Law Offices, PLLC have more than 23 years of experience with bankruptcy law, and all of our clients will benefit from being able to work directly with Mr. Bradford on their cases. To schedule an initial consultation, or to learn more about what our dedicated team can do to help you, call our offices today at (919) 758-8879 or contact us online.
Why You Need a Lawyer
Bankruptcy in any form is a very confusing process that requires a substantial amount of preexisting knowledge. Hiring a Chapter 13 bankruptcy lawyer can save you a lot of stress and prevents you from having to do your own research. A lawyer will make sure you file for the correct type of bankruptcy and that the filing itself is done correctly, helping you get your life back on track as quickly as possible.
Most of all, you need a lawyer so that you can focus on pulling the rest of your life together so that you can hit the ground running when your bankruptcy case gets approved. If you are given a chance to start over with a clean financial slate, you want to do it right, which means hiring a professional to make sure your case goes as smoothly as possible. The legal process is extremely daunting, so don’t let yourself go into it unprepared. During your free consultation, we can discuss whether filing for Chapter 13 bankruptcy is right for you before you officially decide to hire us to help you build your case.
Why Choose Bradford Law Offices, PLLC?
Bradford Law Offices, PLLC has been serving the Raleigh, North Carolina, area since its opening in 1996. Our founder, Danny Bradford, was born and raised in North Carolina and attended undergraduate and law school here. Bradford Law Offices, PLLC enjoys serving this area of the country and the honest, hard-working people who only want the best for themselves and each other. For this reason, we are very motivated to help people who have gotten themselves into debt find ways to recover and thrive. We want to help you achieve a fresh start just as badly as you want that for yourself. We never judge our clients’ financial situations. Instead, the team at Bradford Law Offices, PLLC wants to help you get back on the right track.
When looking for a firm to represent you in a Chapter 13 bankruptcy case, you want to see experience, a good track record, and attorneys who care about client interaction. Bradford Law Offices, PLLC has existed for over two decades, and we have served countless individuals during that time. There is nothing more rewarding than helping someone go from rock bottom to getting their life back and being able to live up to their fullest potential. Danny Bradford takes great pride in using his training as an attorney — not only to give people hope for a better, more financially stable future but helping them get to that point. Seventy percent of the cases he takes on are individuals and families applying for bankruptcy, whether it’s Chapter 7, Chapter 11, or Chapter 13. Bradford Law Offices, PLLC also helps businesses file for bankruptcy, but the majority of the firm’s work is for individuals like you.
How Chapter 13 Bankruptcy Works
Chapter 13 bankruptcy allows debtors to work with a financial planner and legal team to come up with a repayment plan that better suits their financial situation. By consolidating some debts and re-organizing others, most debtors are able to pay off their debts over the course of 3-5 years.
At the Bradford Law Offices, PLLC, we are prepared to help individuals better understand how Chapter 13 bankruptcy can help them and provide them with more information on:
Facing unmanageable debt can be confusing and overwhelming, but fortunately, help is available. To learn more about the debt relief options available to you and what you can do today to take control of your financial future, contact our experienced Raleigh Chapter 13 bankruptcy lawyers.
The primary forms of bankruptcy in North Carolina are Chapter 7, Chapter 11, and Chapter 13. If a lawyer has helped you determine that Chapter 13 bankruptcy is the best option for you, it is likely because you make enough money that a court would believe you would have the ability to pay back at least a portion of your debts if you were given more time. Those who qualify for Chapter 13 bankruptcy are typically given between three and five years to pay off their debts. Chapter 13 bankruptcy requires you to pay back a portion of your debts, whereas Chapter 7 does not. However, one of the most significant benefits of Chapter 13 bankruptcy is that it often allows you to save your home from foreclosure. Another advantage of Chapter 13 bankruptcy is that collection efforts must stop as soon as you apply for bankruptcy, which means you will cease receiving collection calls from debtors once you file.
When you file for Chapter 13 bankruptcy, there are many documents you must compile to file with the court, including documentation of your income and expenditures and complete lists of your assets and liabilities. You must also provide a tax return from the previous year. If you are married, the same information must be provided for your spouse, even if you are filing as an individual. The documents discussed are only the baseline requirements, and many more may arise depending on the specifics of your case. If you hire a Chapter 13 bankruptcy lawyer, they will ensure you aren’t missing any information and that everything you provide is correct so that you don’t have to worry about interpreting complex legal jargon.
At the Bradford Law Offices, PLLC, our Raleigh Chapter 13 bankruptcy lawyers know how frustrating it can be to take on your financial difficulties alone. That’s why our team is dedicated to helping you find a solution to your financial problems as quickly and easily as possible. Contact our office at (919) 758-8879 to learn more about Chapter 13 bankruptcy and what we can do to help you.
Chapter 13 Bankruptcy FAQs
Who qualifies for Chapter 13 Bankruptcy?
Corporations and partnerships cannot file for bankruptcy under Chapter 13, though most other individuals whose debt amount meets certain requirements are eligible to file for Chapter 13 Bankruptcy. To meet these requirements, an individual’s debt cannot exceed $394,725 in unsecured debts—those that do not have any collateral taken to secure against non-payment—and cannot exceed $1,184,200 in secured debts—those where the borrower has offered up assets as collateral. Additionally, anyone filing for any bankruptcy chapter must first receive credit counseling from a reputable source within 180 days of filing. Bankruptcy can be complicated, and the qualified Raleigh Chapter 13 Bankruptcy Attorneys are here to help.
Can filing for Chapter 13 Bankruptcy stop my home from being foreclosed?
Yes, in certain cases, filing for Chapter 13 Bankruptcy can stop your home from being foreclosed. This is because when you file for Chapter 13, you are granted an automatic stay for all of your debts, including mortgage debts, which prevents creditors from continuing collection efforts. In order to continue stopping the foreclosure of your home, you must continue to make mortgage payments and keep current on past payments you may have missed. In most cases, you will continue to pay your mortgage lender directly, though in some cases you may have to make these payments through the Chapter 13 plan, which may require you to pay more in fees to the trustee of your case. If you have any additional questions about Chapter 13 and foreclosure, please contact Bradford Law Offices, PLLC at (919) 758-8879 today for more information.
How do I get discharged from Chapter 13 Bankruptcy?
Chapter 13 Bankruptcy discharges are complicated processes and usually require the help of a qualified bankruptcy attorney. A discharge frees the debtor for all of their debts provided for by the Chapter 13 plan and usually occurs after the debtor has repaid all of their debts under the Chapter 13 plan and if they meet a set of additional requirements. These requirements include ensuring that all domestic support obligations have been fulfilled, ensuring the debtor has not received a different bankruptcy discharge within a certain time frame and ensuring the debtor has taken a financial management course. If you have any additional questions concerning Chapter 13 Bankruptcy discharges, please contact Bradford Law Offices, PLLC at (919) 758-8879 today.