Chapter 13
An experienced Chapter 13 bankruptcy attorney will work closely with you to ensure the success of your repayment plan. Chapter 13 offers immediate protection from all collection efforts, including phone calls, lawsuits, garnishments, vehicle repossession, and foreclosure.
Homeowners who are behind on their mortgages and facing foreclosure may want to consider Chapter 13, which allows up to five years to repay missed mortgage payments. Chapter 13 can provide you the time you need to complete a sale of your home, a short sale, or simply to assess your options. The foreclosure timeline is typically very short, so you must act quickly to protect your property.
Chapter 13 bankruptcy allows you to:
• Stop foreclosure and pay missed mortgage payments over time
• Immediately stop any lawsuits, garnishments, or repossessions
• Consolidate all of your debts into one monthly payment
• Cease all harassment, collection efforts, and phone calls
• Allow you the “breathing room” to modify your mortgage
The experienced Chapter 13 attorneys at Lee Legal will work closely with you to develop a repayment plan. In many cases, we can structure a plan in which you will repay only a fraction of your unsecured debts.
Filing a Chapter 13 in Virginia or D.C. is a complex process, and the bankruptcy laws and local rules are constantly changing. You should hire an attorney who is thoroughly familiar with the Chapter 13 process and timeline.
If you do not qualify for a Chapter 7 personal bankruptcy under the Means Test due to excess income or unexempt assets, you may want to consider a Chapter 13 to get your finances under control. Debt and money problems do not go away by themselves. You must take action if you want to gain control of your money and attain financial freedom. Chapter 13 is often the solution when Chapter 7 doesn’t make sense. An alternative to Chapter 13 that is available in very select situations is debt settlement.
If you are carrying excessive credit card debt, medical bills, tax liabilities, student loans, former evictions, personal loans, or overdrawn bank accounts, it simply does not make sense for you to struggle to keep up with minimum payments, constantly risking default. Late fees and interest immediately stop when you file a Chapter 13. Our goal is to protect your property while making the debt relief process as easy as possible for you.
Much like debt consolidation, Chapter 13 allows you to settle all of your debts at once. Your monthly payment will be deducted directly from your paycheck, and the Chapter 13 trustee will distribute payments to your creditors.
Lee Legal will also help you rebuild your credit and credit score once you receive your Chapter 13 discharge.
If you want to file Chapter 13 bankruptcy in Virginia, call (703) 879-2870 or call (202) 448-5136 to speak with a Chapter 13 lawyer in Washington, D.C. Every client of Lee Legal gets a free consultation.