Chapter 13

Chapter 13 Bankruptcy Lawyers Serving Kansas City

You do not have to suffer the burden of crushing debt, overdue bills and the threat of foreclosure. Through a Chapter 13 bankruptcy filing, you may be able to regain your financial footing, keep your home and obtain debt relief.

At Sypher Law Group, L.L.C., we help people make a new beginning through the bankruptcy process. In a free, no-obligation consultation, we can review your situation and recommend the right solution for you.

Call 913.451.8833 for a free consultation. We want to help you build a new financial future.

The Chapter 13 Bankruptcy Process

Chapter 13 bankruptcy is known as a wage earner's plan. If you have a regular income, Chapter 13 bankruptcy may allow you time to develop a plan to repay all or part of your debts. Under this chapter, you may propose a repayment plan to make installment payments to creditors over three to five years. If your monthly income is less than your state's median income, the payment plan will be for three years unless the court approves a longer period. If your monthly income is greater than your state's median, the payment plan generally must be for five years. During the repayment period, the law forbids certain creditors from starting or continuing collection efforts.

Additional information about the bankruptcy process can be found on our Bankruptcy FAQ page.

An attorney at Sypher Law Group, L.L.C. can evaluate your situation and advise you whether to file for Chapter 13 bankruptcy or a Chapter 7 bankruptcy.

The Advantages of a Chapter 13 Bankruptcy

Chapter 13 may offer you an opportunity to save your home from foreclosure. By filing a Chapter 13 bankruptcy, you may be able to get debt relief, stop foreclosure proceedings and resolve delinquent mortgage payments over time. However, you must still make all mortgage payments that come due during the Chapter 13 payment plan on time.

Another advantage of Chapter 13 is that it allows you to reschedule secured debts (other than a primary-residence mortgage) such as vehicle loans and tax debt and extend them over the life of the Chapter 13 plan. Doing this may lower the payments for those debts and reduce interest and penalties.

A Chapter 13 bankruptcy may lower your debts and allow you to keep your home and personal property. Most importantly, it may give you a second chance and the opportunity for a new financial life.

Free Consultation ● Call an Attorney Today

For a free initial consultation with Sypher Law Group, L.L.C. call 913.451.8833 or send us an e-mail.

We are a debt relief agency. We proudly help people file for bankruptcy relief under the Bankruptcy Code.