Lake Charles, Louisiana, Chapter 13 Bankruptcy Lawyer
Chapter 13 bankruptcy is known as "wage earner" bankruptcy and may offer debt relief solutions to people who do not qualify for Chapter 7 bankruptcy. Through Chapter 13 bankruptcy, your debt is reorganized and repaid in a three- to five-year time frame. The law firm of David J. Williams, Attorney at Law provides help to people throughout the Western District of Louisiana who are interested in debt relief through bankruptcy filing.
Are you interested in learning if Chapter 13 bankruptcy is the right option for you? Call our firm today at 337-494-1023 to schedule your free initial consultation with attorney Williams.
How does Chapter 13 bankruptcy work?
Chapter 13 is considered a "wage earner" bankruptcy because the people who typically file for this form of relief make a steady income. Generally speaking, this type of bankruptcy is for people who have suffered a temporary setback, fallen behind on payments, and need help getting back on track. Many do not qualify for Chapter 7 under the means test that considers your income compared to the median income of people in the state. Chapter 13 bankruptcy becomes the next option for people who do not qualify for Chapter 7 bankruptcy.
In Chapter 13, your debt is consolidated into one affordable payment. Attorney Williams has significant experience helping people establish repayment plans that are presented to the bankruptcy court. The payment plan generally takes place over three to five years. In that time, debt is paid and the individual can start anew on their finances.
Chapter 13 Bankruptcy Can Stop Foreclosure
Are you behind on home mortgage payments and worried about foreclosure? Our firm can talk to you about the option of filing Chapter 13 bankruptcy to stop foreclosure on your home.
Chapter 13 bankruptcy also puts an immediate halt to car repossession, wage garnishment, harassing phone calls from creditors and related problems. This automatic stay prevents creditors from taking action to collect on debts outside of the bankruptcy process.
To qualify for bankruptcy, you must have filed your tax returns for the last four years.
If you want to take the first step toward obtaining relief from your debts, call David J. Williams, Attorney at Law, at 337-494-1023 and arrange your free initial consultation. Our office hours are Monday through Friday from 8:30 a.m. to 5:00 p.m., with evening consultations available by appointment.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
