Learn about Chapter 13 Bankruptcy Law Firm in Pittsburgh, PA
When you are facing overwhelming unpaid bills and collection calls on a daily basis, trying to find relief from your debt can seem impossible. Fortunately, there are a variety of debt relief options available to you. To get the representation you deserve, turn to McElrath Legal Holdings, LLC and find a Bankruptcy Attorney near me. At our bankruptcy law firm in Pittsburgh, PA, our legal team is well versed in Chapter 13 law. Count on us to determine if this debt relief solution is the best option for you and your needs. Chapter 13 bankruptcy and Bankruptcy Lawyers near me in Pennsylvania is usually used by debtors who want to maintain secured assets, such as a house or automobile, when they have more equity in secured assets than they generally can protect with their Pennsylvania bankruptcy exemptions. Chapter 13 bankruptcy. A chapter 13 bankruptcy in Pittsburgh, Pa allows you to make up overdue payments over a period of time and to reinstate the original agreed upon contract. When a debtor has valuable nonexempt property and wants to try and keep it, a Pittsburgh, Pa chapter 13 bankruptcy may end up becoming a better option.
For those individuals who don’t qualify for a Chapter 7 bankruptcy in regards to the means test or with assets they want to protect from liquidation, finding a Chapter 13 bankruptcy attorney in Pittsburgh, Pa and filing for Chapter 13 bankruptcy in Pennsylvania may provide a responsible way to maintain mounting debts. Some bankruptcy lawyers and foreclosure prevention attorneys in Pittsburgh, Pa refer to Chapter 13 as debt adjustment. Chapter 13 filings in Pittsburgh, Pa will allow the debtor to provide a plan to a bankruptcy court which will detail how the individual plans on repaying their outstanding debts. Payment plans can be a small percentage of the total debt owed all the way up to 100% of the bankruptcy debt. The percentage can vary depending on the total amount owed as well as the individual’s income and expenses. Once a chapter 13 bankruptcy plan in Pittsburgh, Pa and Bankruptcy Lawyers near me, is approved it usually unfolds over a three to five-year time period. During this time period, a person’s various outstanding bankruptcy debts are merged together into one monthly payment. Also, Interest will stop to accrue on most of the debts as soon as the Chapter 13 bankruptcy case is filed. Call us today and find a Bankruptcy Attorney near me.
Why is a Chapter 13 Bankruptcy Lawyer In Pittsburgh, Pa Needed?
Chapter 13 bankruptcy and Bankruptcy Lawyers near me helps qualified individuals and businesses eliminate their unsecured debt and restructure their secured debt. Unsecured obligations include things such as credit cards bills and medical expenses. Secured debts include things such as alimony and child support payments, mortgage, and taxes. Filing for bankruptcy under this protection is a complex process. Instead of pursuing this process alone, rise above your financial challenges with help from a seasoned Chapter 13 bankruptcy attorney in Pittsburgh. Call us today to find your Bankruptcy Attorney near me.
Find Bankruptcy Attorneys Near Me in Pittsburgh Pa
When you turn to our law office, we will discuss your financial situation in detail to determine the best way to eliminate any unsecured debt. We are committed to helping our clients keep their property and get back on their feet. Under the Chapter 13 code, we may be able to restructure your secured debt so that you can continue to pay it off. If your house is near foreclosure, or your car is under the threat of repossession, our Chapter 13 lawyer will help you stop this action before you lose your property. Each bankruptcy lawyer at our practice is ready to help you find relief from your debt and move toward a fresh start.
Once you file your initial paperwork with the court, the automatic stay provision is active, meaning creditors are no longer allowed to pursue your wages or possessions. This grace period gives you and our legal team time to restructure your monthly obligations into a more affordable remittance plan that the court must approve. When you step foot in our law office, you will sit down with a skilled Chapter 13 bankruptcy attorney in Pittsburgh and Bankruptcy Lawyers near me who is ready to discuss your debt and any possible relief solutions and find a bankruptcy attorney near me. Reach out to our advocates to discuss your bankruptcy options today. Contact our legal firm to discuss the possibility of filing for Chapter 13 bankruptcy and find a Bankruptcy Lawyers near me. With multiple offices throughout the state, we proudly serve clients all throughout Pennsylvania.