CHAPTER 13 BANKRUPTCY – Attorney Serving LA & TX | Robert B. Dunlap Attorney at Law

CHAPTER 13 BANKRUPTCY
ATTORNEY IN SHREVEPORT, LOUISIANA

If your financial situation is quickly deteriorating because you cannot keep up with your bills or debt, then now is the time to consider filing a Chapter 13 bankruptcy. Filing for bankruptcy may not be your only option, but it can help you liquidate your debts, manage your bills, and get a fresh start with your finances. The Law Office of Robert B. Dunlap is here to help you through this challenging financial crisis. My law firm offers comprehensive legal services for all types of debt relief, including bankruptcy. If you need legal assistance with your current financial situation, then contact me today and get a free consultation from a Chapter 13 bankruptcy lawyer in Shreveport, Louisiana.

WHAT IS A CHAPTER 13 BANKRUPTCY?

A Chapter 13 bankruptcy allows you to develop a repayment plan to pay part or all of the debt. Under Chapter 13 bankruptcy, you propose a plan to pay off the debt within three to five years, depending on your income and financial situation. Under Louisiana law, if your income is less than the state median, you pay the debt within three years. If your income is more than the state median, you pay the debt within five years.
During this time, a creditor may not pursue any collection efforts. A Chapter 13 bankruptcy can help you avoid losing a home or a car, or falling into a bad financial situation. It is designed to meet you where you are at financially so that you can pay off your debts without being hassled by your creditors.

GET THE FRESH START YOU DESERVE

WHEN IS CHAPTER 13 BANKRUPTCY A GOOD IDEA?

If you are considering all of your options for debt relief, a Chapter 13 bankruptcy may be your best option if:

Chapter 7 is not an option because of the “means” test.
You are behind on your mortgage or car loan.
Current regulations prevent you from discharging certain debts.
You want to repay your debts but need lower payments and more time.
You have a nonexempt property you want to keep.
There is a cosigner or codebtor on the debt.

A Chapter 13 bankruptcy does not discharge your debt. Instead, it helps you establish a repayment plan that is manageable based on your budget. If you are unsure about whether this type of debt relief is right for you, then contact me and I can help you assess your financial situation and discuss your available options.

DO YOU QUALIFY FOR A CHAPTER 13 BANKRUPTCY?

To file a chapter 13 bankruptcy, you must meet specific criteria including:

The debt must be personal and not business-related.
You must demonstrate that you have the ability to pay down the debt.
All state and federal tax filings need to be up to date.
You must disclose all sources of income when you submit your petition.

As your attorney, I can work with you to collect all the documents and information you need to file for bankruptcy. Documents may include a credit report, tax returns, bank statements, mortgage statements, car loan statements, and current assets. From there, I can assess if you qualify for a Chapter 13 bankruptcy and help you formulate a repayment plan. By working with a Chapter 13 bankruptcy lawyer in Shreveport, you can save yourself the hassle of going through the complicated process yourself. My law firm can guide you through every step of the process and help you avoid mistakes that either delay your petition or cause your petition to be denied.

WORK WITH AN EXPERIENCED BANKRUPTCY ATTORNEY IN SHREVEPORT, LOUISIANA