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Published on May 7th, 2014 | by Personal Rights

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What Should You Do to File for a Chapter 13 Bankruptcy?

Chapter 7 bankruptcy

Almost everyone in the United States has some kind of debt. In 2013 alone, about 2 million people filed for bankruptcy because of their unpaid medical bills.

If you’re having a hard time managing your debt, you might be considering filing for bankruptcy. There are several different kinds of bankruptcy — so you may find yourself wondering “What is Chapter 13 bankruptcy?”

Unlike a Chapter 7 bankruptcy, which forces you to liquidate essentially all of your assets in order to pay off your debts, a Chapter 13 bankruptcy allows you to hold on to your possessions and adjust your debts to create a repayment plan that you can manage.

Yet like any other type of bankruptcy, it’s always a good idea to file with the help of a local bankruptcy attorney who knows exactly how to file for bankruptcy successfully.

So why should you hire a Chapter 13 bankruptcy attorney?

Here are just a few reasons:

– The best advice: Chapter 13 bankruptcy attorneys have specialized expertise in dealing with financial situations just like yours. In addition to advising you on whether or not a Chapter 13 bankruptcy is in your best interests, a Chapter 13 bankruptcy attorney can help you correctly fill out your paperwork and give you legal advice throughout the entire bankruptcy process.

– A less stressful experience: When you hire a Chapter 13 bankruptcy attorney, the majority of the legal responsibilities will be lifted off your shoulders — you just have to answer your attorney’s questions openly and honestly, provide the proper documentation and information and attend all of your bankruptcy hearings.

– You can’t afford not to: Some people are intimidated by the cost of hiring a Chapter 13 bankruptcy attorney. On average, you should anticipate paying anywhere from $2,500 to $6,000 for a Chapter 13 bankruptcy. While it’s not exactly free to hire a Chapter 13 bankruptcy attorney, the possibility that your bankruptcy won’t be approved by the court becomes higher when you don’t have legal representation. If you want to be sure that you’ll get relief from your debts, you should hire a Chapter 13 bankruptcy attorney. For more information see this.


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