On Your Side Through Chapter 13 Bankruptcy
Debt is an issue that many people struggle to talk about. There is often a sense of shame or stigma surrounding it. If it was more openly discussed, however, you’d quickly realize that debt is very common in America, and many people acquire debt and struggle to pay it off due to circumstances beyond their control – a medical emergency, a job loss or some other misfortune. If you are among the millions of Americans struggling with overwhelming debt, Chapter 13 bankruptcy might offer a much-needed solution.
In Rogers and surrounding areas of Northwest Arkansas, you can find the legal advice and guidance you’re looking for by contacting Hatfield Harris, PLLC. Our bankruptcy practice is headed by Christopher Harris, a veteran attorney with more than 20 years of experience. He will help you explore your options for achieving debt relief, including bankruptcy.
You deserve a fresh start, and we will help you get it.
Chapter 13 Can Help You Restructure And Repay Debt
The downturn in the economy and other unexpected life events – such as divorce and illness – have made it difficult for many to make ends meet. As the daily bills pile up, many turn to credit cards only to end up even deeper in debt. Through Chapter 13, you can reduce your debt, protect your property and get the fresh start you deserve.
If you don’t qualify for Chapter 7 or have substantial assets you want to protect, Chapter 13 may offer you the best path to debt relief.
Chapter 13 works differently than Chapter 7. Instead of simply discharging (forgiving) your debts, Chapter 13 reorganizes them into a manageable repayment plan with much more favorable terms than you might otherwise get. For the duration of your repayment plan, which is three to five years in length, you’ll make one affordable monthly payment. Your bankruptcy trustee then takes that payment and distributes it to creditors. If you successfully complete the repayment arrangement, the bankruptcy court will forgive any remaining debt you may have.
At Hatfield Harris, PLLC, our lawyers are experienced debt relief professionals. We will thoroughly examine your financial circumstances and help you develop a debt relief plan that is best for you.
Stop Foreclosure Through “Lien Stripping”
In years past, home values increased at a staggering rate. Many homeowners took out second or third mortgages and home equity lines using their homes for collateral. When the housing bubble burst, many have been left with homes that are not worth the amount of debt they secure.
Lost jobs and reduced wages can make it difficult to meet monthly mortgage obligations, and selling your home for less than the outstanding mortgage will not necessarily relieve you of that debt.
Through Chapter 13, homeowners can “strip” or eliminate their additional mortgages and home loans, reduce their monthly payments and save their homes.
Get Started Today
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.