Chapter 13 Bankruptcy Attorney

Our Chapter 13 bankruptcy attorneys will guide you through debt repayment with a solidified, painless plan.

What Is Chapter 13 Bankruptcy?

There seems to be no relief when the calls from the creditors become overwhelming and your efforts to repay debt are fruitless. Those who earn a regular income they may not qualify for Chapter 7 Bankruptcy. However, an individual may be eligible for Chapter 13 Bankruptcy. Chapter 13 Bankruptcy allows individuals to discharge certain debts and set up a repayment plan for additional debts at a lower, manageable rate. Under Chapter 13, your obligations will be satisfied within three to five years and property will be kept under your possession.

Should I Declare For Chapter 13 Bankruptcy?

In order to qualify for Chapter 13, you must

  • Be an individual
  • Have a regular earning wage greater than your living expenses
  • Have liquidated debt, meaning it should be known or able to be easily calculated.

Furthermore, Chapter 13 is able to cover debt that Chapter 7 cannot, like tax relief and child support. Another advantage to filing for Chapter 13 is the ability to put a stop to garnishments and harassing calls from credit collectors while debt is being repaid. 

Get Started

The bankruptcy attorneys at Wooden Law Firm are accomplished, with over 30 years of experience in the Chattanooga area. We will work with you to get your financial situation back on track so you can move forward to a promising, debt-free future. Contact Wooden Law Firm today to discuss Chapter 13 Bankruptcy.