LAS VEGAS CHAPTER 13 BANKRUPTCY ATTORNEY


Does your financial situation call Debt repayment plan under chapter 13?
The Law Office of Brian M. Boyer offers several solutions to debtors for gettting their finances back under contorl.


OVERVIEW:

A repayment plan under Chapter 13 of the Bankruptcy code has several advantages. First and foremost, it is available to those that do not qualify under a Chapter 7 liquidation. It is much more simple to ascertain whether you qualify under a Chapter 13. Basically, if your income is greater than the median household income and have less than $360,475 in unsecured debt and less than $1,081,400 in secured debt, you might qualify for debt relief under a Chapter 13 repayment plan. The repayment plan will be for a period of three to five years based upon the debtor's disposable income.

BENEFITS OF CHAPTER 13:

There are several benefits to filing a Chapter 13 repayment plan as opposed to a Chapter 7 liquidation, other than it being easier to qualify for. Such benefits include:

  • - Principal reductions of mortgages to market value
  • - Repayment of mortgage arrears over a period of 3 to 5 years
  • - Ability to repay tax deficiencies over a period of 3 to 5 years
  • - The ability to "strip" a second mortgage lien

LAS VEGAS CHAPTER 13 ATTORNEY

If you are unsure whether to proceed under a Chapter 7 or Chapter 13 Bankruptcy, call the Law Office of Brian M. Boyer, LTD. to set up a consultation. In person, Brian will be better equipped to explain the fundamental differences between the different types of bankruptcies, along with give you an opinion on what he believes is right for you.


DISCLAIMER:

This website contains attorney advertising. Results are not guaranteed. Click here for full disclaimer.