What Can A Chapter 13 Bankruptcy Lawyer Do You?
You might wonder why and when your troubles with finances call for bankruptcy. If it is Chapter 13 you are considering, there are many benefits from hiring a law professional to assist with the process. Many Chesterfield residents look to Teague & Associates when the need for a Chapter 13 bankruptcy lawyer arises.
Why Enlist the Help of a Chapter 13 Bankruptcy Lawyer?
There is a question that you should ask yourself:
Are you having to deal with expenditures and debts that you cannot maintain?
If you answer yes, it is time to consider a Chapter 13 filing. For someone with a steady income source but still has issues settling debt, this might be just the filing you need. With a lot of Chapter 13 plans, few debts can be liquidated. The rest get arranged as debt repayment so that you can work on paying back the creditors in a manner convenient to your current financial situation.
Chapter 13 could be helpful to you if:
- You have current tax debts.
- You are late repaying your mortgage or loans.
- You have been through a Chapter 7 discharge within the last eight years.
Do I Need an Attorney When Filing Chapter 13?
As with any other legal matter, you can take on the filing and the process on your own. However, a Chapter 13 attorney knows the process and helps you design a solid repayment plan over a span of time. Doing so will help you to have a plan that preserves your property and fits in with your financial availability. This involves:
- Development of a proper repayment plan
- Prevention of foreclosure proceedings
Here at Teague & Associates, we are available for a consultation so that you can learn more about the Chapter 13 filing process and whether or not it is the best option for you. We are also happy to discuss what makes us the best firm to give you a leg up in this process.
Call (314) 899-4499 to talk with us at Teague & Associates if you are curious about hiring an attorney.