Congratulations! You’re probably wondering why anyone would be congratulating you for filing for bankruptcy. You’ve done yourself a favor by taking the first step in rebuilding your financial life, while at the same time freeing yourself of the stress of managing debt.
As you know, Chapter 13 is a payment-based bankruptcy that can take three to five years to complete. If you’ve filed a Chapter 13, it means you’re paying off some of your debts in what’s known as reorganization. During your bankruptcy, the court allows you a set amount to live on and a court-appointed trustee divides the rest among your creditors each month.
Often times this means a very no-frills lifestyle. Sometimes it means changing the basics in your life, like how much you pay for monthly living expenses such as food, cable, and clothing to accommodate for the required bankruptcy payment. In an effort to adjust to life during a Chapter 13 bankruptcy, I recommend that my clients save ANY additional money that they earn or receive during the case. By saving, rather than squandering the extra money, the client is in a better position to pay for any emergency expense that arises without risking the success of their bankruptcy. If, however, a client believes that they might have enough money to “pay off” their Chapter 13, I strongly urge them to contact their attorney before sending any of the money to the bankruptcy trustee to avoid a problem.
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5.0/5.0Chris and Laura have been amazing! The process seamless! All of my questions and needs were addressed! I highly recommend this office for your BK needs!
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This is the best Bankruptcy Lawyers ever They treat you with respect and do not judge you for the mistakes you made.Mr.Sleeper and MS.Brown are the best they answered every question I had and if I couldn't reach them they always responded to my voice...
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Jeff Fields and Laura Everett were wonderful! It was hard but they were so helpful and with me every step of the way. They answered every question and were very accessible. I hope noone has to experience this road, but if you do, try Jeff Field & Ass...
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I had my concerns about filing initially, but Jeff walked me through the process and with his calm demeanor, made this process not at all as daunting as I initially thought it would become. The process flowed effortlessly and Cassie (a BIG shout out ...
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5.0/5.0
Due to medical expenses and serious physical problems I had to file bankruptcy. I was nervous and really depressed about the whole situation. I called Jeff Field & Associates and felt at peace after talking to a lawyer. I decided to go with them and ...
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