When to Consult a Chapter 13 Lawyer 

For individuals struggling with debt but determined to keep their home, car, and other assets, Chapter 13 bankruptcy offers a structured way to reorganize finances and move forward. However, knowing when to consult a Chapter 13 lawyer is crucial. At Conway Law Group, we are here to help you take control of your financial future.

How Chapter 13 Bankruptcy Works 

Chapter 13 bankruptcy allows individuals with regular income to create a structured repayment plan to address their debts. Unlike Chapter 7, which liquidates assets to pay creditors, Chapter 13 focuses on reorganizing debt, enabling you to catch up on and consolidate payments. 

Once the court approves your plan, creditors must adhere to its terms, and as long as you meet your obligations, certain remaining debts may be discharged at the end of the repayment period. This approach helps protect your assets while offering a clear path to financial stability.

Chapter 13 Bankruptcy Eligibility

To qualify for Chapter 13 bankruptcy, you must meet the following requirements:

• Regular Income: You must have a steady source of income to support a repayment plan.
• Debt Limits: Your secured and unsecured debts must fall within federal limits.
• Individual Filers: Only individuals, including self-employed persons and sole proprietors, are eligible—businesses (except sole proprietorships) cannot file.
• Tax Filings: You must be current on tax filings for the past four years.

How a Chapter 13 Lawyer Can Help 

A Chapter 13 lawyer guides you through the bankruptcy process by assessing your eligibility, creating a manageable repayment plan, and helping you stop a Chapter 13 foreclosure to protect your home. They handle legal filings, ensure compliance with bankruptcy laws, and represent you in court and negotiations. With their support, you can confidently work toward financial stability.

Consult a Local Chapter 13 Lawyer at Conway Law Group 

If your small business is facing mounting debt, turn to the expertise of a Chapter 11 lawyer. With their support, your organization can explore bankruptcy options confidently. Contact Conway Law Group today for a free case evaluation.