Finding The Right Repayment Structure

Many people who are facing bankruptcy are trying desperately to keep up with bill payments, because they want to keep their credit in good standing and want to fulfill their financial obligations. Chapter 13 bankruptcy provides a method for restructuring debts into a repayment plan that is affordable and meets the needs of both debtors and creditors.

At the Law Office of Ginger C. Cord, PSC., in Lexington, you can get the sound legal advice and understanding you need in filing Chapter 13 bankruptcy. I work with my clients on an individual basis so that their unique circumstances are considered in determining which type of bankruptcy is right for them and how we can structure their debt relief options to help them as much as possible.

How Do Bankruptcy Courts Determine Payment Plans?

The Chapter 13 bankruptcy repayment plan is determined by a variety of factors related to your personal financial situation. Factors that will be considered are:

  • How much each creditor must be paid
  • How long the repayment plan will last
  • The value of your property
  • The amount of disposable income that you have
  • How much student loan debt or tax liability you have, and how much, if not paid, will survive bankruptcy

Filing for bankruptcy is relatively painless, but does require close attention to detail to assure that things are done correctly. Working with a skilled Kentucky lawyer and skilled legal staff can help you understand your options and whether or not bankruptcy is right for you.

Hire An Attorney To Advocate For Your Best Interests

The bankruptcy court and your creditors will try to impose the payment plan that is best for them. But I can help obtain the repayment plan that is best for you. Schedule a free initial consultation to learn more. Send me an email, or call the firm at 859-963-2073.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.