Knowing more about the chapter 13 bankruptcy & more

Bankruptcy chapter 13 specifically launched for the people who are not able to give the repayment of the car and home and they need a break from that. So, filing bankruptcy chapter 13 will be successful for those who want the lower interest rate for making the repayments and they have the proper income to pay the amount and spend money to fulfill the household needs as well. If you fulfill all the criteria, then this will be for you.

Advantages

When you are under the chapter 13 bankruptcy, then your days will be relaxing. You stay in the same house, enjoy all the ride in your car but no bill collector is there for knocking yourself for making the payments. Surely, it sounds perfect for you. At the same time, when you get to know that you have to pay all the money but the time period you get that is 3 years to 5 years, then what you think. Obviously, the stress will be slow down and no person can contact you during that time. So, enjoy the freedom and the life that this Bankruptcy chapter 13 offers you.

How to qualify

The rules of qualifying are simple; you just show that you have the capacity to pay the amount in the coming days and also you are able to continue the family life perfectly. At the same time, you must have less than $360,475 in unsecured debts and less than $1,081,400 in secured debts. Once, you fulfill the term, you are ready for the filing bankruptcy chapter 13. But, be sure all your supportive documents are just perfect. Don’t have the idea what those are, then these are Credit counseling report from an approved credit counseling agency, pay stubs from the past 6 months, the last 2 years of tax returns for both federal and state taxes, credit reports and bank statements for the past 3 months. So, verify the check list and then process towards the chapter 13 bankruptcy.

You have everything ready but still, you wouldn’t be able to process further, then Lee Law Office, PLLC will be at your service. You may take the starting consultation completely free and after that, if you don’t organize anything, then this is the firm that helps you to get the right approval and you will enjoy the life that comes to you with the proper relaxation.

For more about Bankruptcy chapter 13, chapter 13 bankruptcy, filing bankruptcy chapter 13 please contact us my website : http://www.msbankruptcyattorney.com/

Strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength.