Archive for the ‘Chapter 13 Bankruptcy’ Category

Which Debt Relief Option May Be Right For You?

Sunday, June 12th, 2011

At a loss or having difficulty deciding what to do? Is filing for bankruptcy the right choice? What do I file and what can I keep? The right decision concerning bankruptcy and debt relief is made much easier through the guidance of legal counsel. Attorneys at the Rosenstein Law Group, PLLC, are able to offer the legal advice you deserve. By providing legal advice attorney provide more information in order to better help make a difficult decision. Appropriate legal advice will answer many difficult questions and provide guided answers.

Is Chapter 13 the correct bankruptcy law to file under? While chapter 7 basically clears all debt while allowing limited property to be exempt from the proceedings, chapter 13 allows the debtor to reorganize debt to be paid off within a three to five year deadline.  Chapter 13 provides the allowance of more time to pay off yet all property is still held by the debtor. Reorganizing debt may be the solution and relief needed to get back on top of the situation. Chapter 13 establishes a structured legal plan ensuring creditors receive payment in a timely manner yet stop harassing the debtor and cease excessive late penalties.  Debtors feeling morally obligated to repay debt or debtors with the financial ability to pay incurred debt and having too much should elect to file chapter 13. It is an expense to the debtor, but an attorney trained in bankruptcy laws, such as those at Rosenstein Law Group will help you reach a debt settlement with creditors. Chapter 13 not as common as chapter 7 due to still be required to make payments under a structured guidance plan but it does enable the debtor a little breathing room and time to regroup and through a settlement and payments within reason.

Getting back on top of debt includes not falling back into the same hole again. Filing for bankruptcy will provide immediate relief yet the original problem is still apparent. The Tempe bankruptcy attorneys at Rosenstein Law Group will provide our clients with assistance in financial planning. When bankruptcy is the elected decision allow superior legal advice to provide guidance and aide in answering the puzzling question. Whether it’s chapter 7 or chapter 13 contact the Rosenstein Law Group, PLLC. We offer candid advice and effective debt solutions so contact us today at (480) 248-7666. We are here to provide the legal advice and financial problem solving that you need to reclaim your financial future.