Cambridge Chapter 13 Bankruptcy Lawyer
While the most common form of bankruptcy is described in Chapter 7 of the United States Bankruptcy Code, some people have the option of filing under Chapter 13. Depending on an individual’s financial situation, Chapter 13 bankruptcy can offer certain advantages over Chapter 7. If you are struggling with heavy debt, an experienced Cambridge bankruptcy lawyer can help you determine what type of bankruptcy would work best for you.
Filing for bankruptcy protection can be one of the most effective ways to repay your debts and start again. To discuss your case with an experienced Cambridge bankruptcy lawyer, contact the compassionate bankruptcy attorneys of Joshua Spirn & Associates today by calling 800-975-5346.
What is Chapter 13 Bankruptcy?
The most significant advantage of Chapter 13 bankruptcy is that debtors are able to retain more of their assets. Under Chapter 7 bankruptcy, debtors must sell many of their possessions and hand over as much of their money and financial holdings as possible to repay their debts. Under Chapter 13, in contrast, debtors must file a debt repayment plan with a bankruptcy court.
Bankruptcy plans lay out a proposal for how you will repay your debts. Since Chapter 13 bankruptcy is only possible for people who meet certain financial criteria, only a lawyer can help you determine if Chapter 13 bankruptcy is right for you. If it is, an experienced bankruptcy lawyer can also help you create a repayment plan that will work in your best interests.
In order to provide you with more information on Chapter 13 bankruptcy, this website contains a number of informative articles on numerous areas of bankruptcy. These include topics such as:
- Benefits of Chapter 13 Bankruptcy
- Limitations of Chapter 13 Bankruptcy
- Eligibility for Chapter 13 Bankruptcy
- The Chapter 13 Repayment Plan
- The Chapter 13 Bankruptcy Process
We hope you will find these articles useful and informative.
Contact Us
Financial difficulty can strike anyone. Sudden life changes can leave you with more debt than you can manage. If you are struggling under heavy debt, the experienced Cambridge bankruptcy lawyers of Joshua Spirn & Associates can help you. To discuss your case and learn more about bankruptcy, contact Joshua Spirn & Associates today at 800-975-5346.
