Chapter 13 Bankruptcy

Chapter 13 Reorganization

Chapter 13 bankruptcy can be a good debt relief option for people who have a steady income, but just can’t keep up with their monthly bills. Also referred to as a wage earner plan, Chapter 13 is a type of debt reorganization that allows you to repay your debt over a three- to five-year period according to a court-approved repayment plan, often at more favorable rates and a lower principal designed to fit into your budget.

Proper filing of a Chapter 13 petition can be complicated, and the assistance of an experienced bankruptcy attorney can help to ensure that the entire process goes smoothly. At the Steadman Law Firm, P.A., we will work with you to gather all the appropriate information and complete all the necessary forms for the petition, and to help you devise a preliminary repayment plan.

Getting Back on the Right Track

There are some distinct advantages to filing for Chapter 13 bankruptcy. Unlike Chapter 7 bankruptcy, you do not risk losing any of your property in a Chapter 13 filing. In addition, filing for bankruptcy under any chapter creates an automatic stay against any further collection activity from your creditors. This means that you won’t receive any more harassing phone calls or letters and any foreclosure or repossession action will be ordered to stop immediately upon filing of the case. By closely reviewing our clients’ unique situations, our bankruptcy attorneys can help you in your case.

A 30-Year Experienced Bankruptcy Attorney Leading The Way

Our firm’s founding attorney, Richard A. Steadman Jr., has been practicing law for more than 30 years. We are proud of our reputation for providing personalized service to every client. We will take the time to fully understand your needs and goals before we recommend a specific debt relief solution. We’re standing by to represent you and we guaranteed to have the training and experience to be able to handle your case.  We pride ourselves in being the go-to representatives for a wide variety of Charleston bankruptcy lawsuits.