Working out a Debt Repayment Plan In addition to Chapter 7 bankruptcy, the option of Chapter 13 bankruptcy is available to individuals facing large amounts of debt. Chapter 13 has its own advantages for debt relief. In Chapter 13 bankruptcy, individuals in debt work with a bankruptcy court to draft a debt repayment plan that will allow them to pay back creditors while improving their ability to pay bills and other living expenses. This form of bankruptcy also allows people to prevent home foreclosure and retain most of their property.
At the law firm of Galloway Jefcoat, L.L.P., our experienced bankruptcy lawyers help people in Lafayette and the surrounding areas of Louisiana find debt relief. We can answer your questions about the bankruptcy process and the effect that it will have on your financial future. Attorney Rick Keating has practiced bankruptcy law for more than 27 years and is one of the most respected bankruptcy attorneys in the area. Together with a dedicated team of staff and lawyers, we can help you reduce your debt in an effective manner.
Understand the benefits of Chapter 13 bankruptcy and call 888-537-1490
While Chapter 13, unlike Chapter 7 bankruptcy, will not allow you to discharge all of your unsecured debt at once, there are many benefits that Chapter 13 bankruptcy has for people in debt. Chapter 13 bankruptcy allows people in debt to:
- Pay back debts over a period of time
- Have a monthly payment that allows you to pay your bills and other monthly expenses
- Discharge your debt after a period of 3 to 5 years
- Prevent foreclosure proceedings and short sales
- Keep your house, car and other property
- File for bankruptcy even if you do not qualify for Chapter 7 bankruptcy
Dealing with debt is never easy but there are options for relief. Filing for Chapter 13 bankruptcy may be the right decision for your situation and could allow you to get your financial life back on track.
Legal help and debt relief for individuals and their families
At the law firm of Galloway Jefcoat, L.L.P., our attorneys help individuals in debt file for Chapter 7, Chapter 11 and Chapter 13 bankruptcies and find the relief that they need from overwhelming amounts of debt. If you are searching for a way out from under the burden of debt, it is important to learn about your options. Contact us to speak with an attorney in a free initial consultation. Call our office in Lafayette, Louisiana, at 337-205-7085 or toll free at 888-537-1490. Se habla español.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
