Chapter 13 Bankruptcy Attorneys Lawyers Chattanooga, Tennessee
Chapter 13 BankruptcyChapter 13 bankruptcy is a Court ordered, Court supervised repayment plan. The Debtor and his or her bankruptcy attorney prepare a Chapter 13 Plan and submit the Plan to the Court for approval. The Court appoints a Trustee to receive payments form the Debtor, and distribute payments to the creditors. The Trustee also ensures that the Plan properly deals with the creditors, and is vested with many powers and duties. The basic terms of the Plan are as follows:1. Pay all or most of total debts within a period of 36-60 months 2. Make regular payments to the Chapter 13 Trustee, usually through wage assignment. 3. Deal with secured debts, unsecured debts, and certain other debts, like taxes, etc. Debtors in Chapter 13 receive the benefit of the Automatic Stay from the moment of filing the petition, as well as the stopping of all interest on unsecured debts, i.e. credit cards. In some instances debtors are able to reduce the overall debt through a Chapter 13, as well as surrender secured property and discharge any remaining difference. Call or email Purple Law Firm to schedule a consultation with an experienced Chattanooga bankruptcy lawyer. Our team (attorneys lawyers and staff) will work with you to determine your needs, and help you to make the necessary decisions. |
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** Please consult a bankruptcy attorney for details on eligibility requirements Return |
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The information contained in this web site is for general informational and marketing purposes only, and is not intended as legal advice, nor does it establish an attorney-client relationship. To receive legal advice from Purple Law Firm or its attorneys lawyers call or email for an appointment. This is a commercial web site and it contains information which is considered paid advertising, and all information contained herein has been reviewed by the attorneys lawyers of Purple Law Firm. Call today to speak to an attorney lawyer in Chattanooga, TN. Purple Law Firm is a member of Hamilton Law Center, PLLC, An association of attorneys. The term attorneys / lawyers herein referes to that association and/or is for marketing purposes only, and in no way is intended to imply anything further. |
The State of Tennessee recognizes Certifications of Specialization in all areas of practice relating to or included in the areas of Civil Trial, Criminal Trial, Business Bankruptcy, Consumer Bankruptcy, Creditor's Rights, Medical Malpractice, Elder Law, Estate Planning and Family or Domestic Law. Listing of related or included practice areas herein, does not constitute or imply a representation of certification of specialization. Furthermore, the use of the terms "Bankruptcy Attorney", "Criminal Defense Attorney", "Estate Planning Attorney", "Divorce Attorney", and the like is for general marketing and practice area identification purpose only, and is not intended to imply certification of specialization. Our attorneys lawyers are experienced in said practice areas, but are not "Certified Specialists" unless specifically indicated. |
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