If you are seeking bankruptcy guidance, debt relief or simply have questions regarding your financial concerns, speak to an experienced Durham Chapter 13 bankruptcy lawyer.
Contact Terry D. Fisher at his North Carolina law firm for your free initial consultation. You will be guaranteed personal attention from Mr. Fisher at all times. He will work by your side throughout the process to ensure you receive real debt relief.
Serving Chapel Hill and Other Areas of North Carolina: Creditor Harassment Lawyer
Chapter 13 is an effective debt relief solution for many people. The types of people who can benefit from a Chapter 13 filing include:
- People who have fallen behind in payments on their home, car or other property and need time to catch up financially under bankruptcy court protection;
- People who do not pass the means test but still need relief from overwhelming debt arising out of medical bills, personal loans, credit cards or other bills;
- People who have substantial, nonexempt equity in their home or another asset which a Chapter 7 trustee could sell, but who may be able to repay creditors in an orderly fashion through a Chapter 13 repayment plan and thereby save their assets.
Guiding You Through the Chapter 13 Bankruptcy Debt Relief Process
Clients who elect to pursue relief in Chapter 13 enter into a wage earner plan administered by a Chapter 13 trustee. Once approved by the bankruptcy court, the Chapter 13 plan lasts between 36 and 60 months, depending upon each client's unique financial circumstances. During this time, the client makes a predetermined payment to the Chapter 13 trustee, who distributes the payments to the client's creditors. A Chapter 13 plan not only allows a client to cure defaults in certain secured loans over time, it also usually allows stretching out payments on loans secured by a car or other personal property over the length of the plan, thereby substantially improving a client's cash flow.
In Chapter 13, some clients, depending on their individual circumstances, may not have to repay unsecured debts, such as credit cards and medical bills, or may only have to repay a portion of that debt. Chapter 13 also stops interest from accruing on most unsecured debts such as credit cards and personal loans.
When a potential client contacts me looking for answers to their debt problems, their appointments and consultations, including the free initial consultation, are with me personally - not a paralegal or legal assistant. From the beginning to the end of a Chapter 7 or Chapter 13 bankruptcy case, I am there to see my clients through to real debt relief. — Terry D. Fisher
Attorney Serving Chapel Hill, North Carolina: Stop Creditor Harassment Through Bankruptcy
Another benefit of Chapter 13 is the automatic stay that takes effect upon the filing of your case. The automatic stay is a powerful provision of the Bankruptcy Code that stops creditor harassment by preventing creditors from contacting a bankruptcy debtor about their debts during their Chapter 13 plan, and also prevents creditors from taking action against the client or their property, such as a suit or a foreclosure, without prior permission of the bankruptcy court.
Get the Facts and Begin to Take Back the Reins of Your Financial Life
Chapter 13 is a powerful tool for those seeking feasible repayment plans to save assets, consolidate or eliminate debt, and put an immediate stop to creditor harassment. Contact Durham Chapter 13 bankruptcy lawyer Terry D. Fisher to schedule your free consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the United States Bankruptcy Code.
