The pandemic continues to make it challenging for many Americans to meet their needs. If you feel trapped in a terrible financial situation, you might be wondering if bankruptcy is right for you. The idea of filing for Chapter 13 bankruptcy may feel daunting. But as a bankruptcy attorney TN trusts, I can tell you, there’s so much relief on the other side. I’ve helped thousands of people navigate bankruptcy and build a better future for themselves and their families.

Read on to learn why Chapter 13 bankruptcy might be the right choice for you.

What is a Chapter 13 bankruptcy?

A Chapter 13 bankruptcy consolidates your debt into affordable payments spread out over time. One of the great advantages of this type of bankruptcy is that it allows you to keep your property while you pay down your debt. This kind of restructuring acts like a consolidation loan, allowing the filer to pay their debts over time while also protecting them from harassment by creditors, and allowing them to keep their assets.

Let that sink in for a moment: you get to keep your property at a payment that’s affordable for you, and the harassment from creditors will stop. This is the kind of powerful relief that bankruptcy provides.

Filing under this chapter can also save your home from foreclosure and stop foreclosure proceedings. For many families, this is an enormous lifeline. It gives them the chance to catch up on delinquent mortgage payments without fear of losing their home.

Filing for bankruptcy doesn’t have to be scary. An experienced bankruptcy attorney TN trusts can help.

The process of filing bankruptcy can feel overwhelming, which is why it’s important to find an attorney with experience. Here at Darrell Castle & Associates, we’ve helped thousands of families file.

Here’s what you can expect during the process:

  • Your lawyer will help you look at all of your debts and set up a payment plan that consolidates them into affordable monthly payments. A trustee is also appointed to oversee your progress and communicate with your creditors.
  • Once the plan is approved by the trustee and creditors, it’s then filed with the court. Once the court approves it, the process of filing is complete.
  • By the time you’re done, you will have a specific date that you will be free of debt.

The power and advantage of Chapter 13 bankruptcy is that creditors must accept a confirmed plan whether they like it or not. Unlike other consolidation programs, bankruptcy has the power of judicial enforcement behind it. This is the beauty of bankruptcy: the law is on your side in your desire for a fresh start.

It’s also important to note that the bankruptcy process doesn’t have to take a long time. Our experienced attorneys can file quickly on your behalf so that you can turn your energies toward building a better future.

Get help from an experienced bankruptcy attorney TN has relied on for decades — for FREE.

If you’re struggling financially, bankruptcy is one of the best decisions you can make for your future. In fact, many of my clients wonder why they waited so long to file.

Consulting with a lawyer about your options can offer peace of mind, and help you make a well-informed decision moving forward. Call (901) 327-2100 or contact us online to speak with one of our compassionate attorneys for a FREE consultation – no strings attached.

We will answer your questions and create a plan that works for your specific situation. A brighter financial future is just a phone call away.