Chapter 13 - Reorganization

Nashville Chapter 13 Bankruptcy Lawyer

There are few times in life when an individual is given the opportunity to get a fresh start. When you have debt problems, a fresh start can make a world of difference. Debt can accumulate because of a major event such as divorce, illness, or loss of job. Debt can accumulate because a person is living beyond his or her means or has taken a financial risk that did not go as hoped. Rothschild & Ausbrooks, PLLC, helps individuals gain a fresh financial start through filing Chapter 13 bankruptcy.

Do unpaid bills, the threat of foreclosure, and other financial problems have you caught between a rock and a hard place? If so, consider a board certified bankruptcy attorney from Rothschild & Ausbrooks. Contact our firm today to arrange your free consultation. Read about Chapter 13 bankruptcy.

Reorganizing Your Debt

Chapter 13 bankruptcy is a reorganization of debt. Individuals who wish to file for bankruptcy and do not qualify for Chapter 7 bankruptcy are required to file for Chapter 13. Generally, people who file for Chapter 13 bankruptcy are wage earners and homeowners with considerable assets and considerable debts. Many may have debts that include student loans, medical bills, child support payments, federal income taxes, mortgages, and car payments.

The new bankruptcy laws and means test have resulted in an increase in Chapter 13 bankruptcy filings. In Chapter 13 bankruptcy, debt is reorganized into a three- to five-year payment plan. The amount a person pays is based on a stringent formula using expenses and income. Our firm successfully represents consumers in Chapter 13 filings. We are here to help you gain control of your finances, keep your home, and get a fresh start. Contact us today to learn more.