Chapter 13 Bankruptcy in Little Rock

Compassionate Chapter 13 Bankruptcy Law Firm Helping Little Rock Residents Plan For The Future

The Basics of Chapter 13 Bankruptcy

Also called a “wage earner’s plan,” this type of bankruptcy allows debtors to develop a plan to repay their debts over three to five years. The idea is that, depending on your personal income, you’ll develop a process you can stick to and pay a certain amount towards your debts over an agreed amount of time.

This process can help stop foreclosure proceedings and roll back delinquent mortgage payments on a path towards you keeping your home. It also has other debt stipulations that can third parties involved with your debt, such as co-signers.

Chapter 13 is an opportunity to consolidate your debt, worth through a third party “trustee,” and develop a plan to be debt-free within a certain amount of time with no direct contact with your creditors.

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Contact our Team today if you have a potential Chapter 13 case.

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Building a Chapter 13 bankruptcy plan can be a proper solution to hold onto your most important assets, such as your home. Call Natural State Law, PLLC today at (501) 916-2878 to learn more about how we help Little Rock residents keep what matters most.