Montgomery County Chapter 13 Bankruptcy Lawyer

Here at Mudrick & Zucker, we understand the overwhelming stress that financial difficulties can bring into your life. If you find yourself grappling with mounting debts, relentless creditor calls, and the uncertainty of your financial future, we are here to help. Contact a dedicated Montgomery County Chapter 13 bankruptcy lawyer from our firm today so you can tell us your story and your goals, and so we can get started paving the way to a brighter financial future.

Chapter 13 Bankruptcy Lawyer | Here to Get You Peace of Mind

A compassionate Montgomery County bankruptcy lawyer from Mudrick & Zucker is here to offer you a steady hand and a reassuring voice during these challenging times. With a proven track record of helping individuals regain control of their finances, we are committed to tailoring effective solutions that provide you with a path toward financial stability. Your journey to financial recovery begins here, and we will be with you, every step of the way.

Chapter 13 Bankruptcy Overview

Chapter 13 bankruptcy, also known as reorganization bankruptcy, allows debtors to create a three or five-year repayment plan that better suits their financial situation. Chapter 13 bankruptcy lets you keep all of your property as long as you repay some or all of your debt over the course of three or five years. Some of the most significant benefits of filing for Chapter 13 bankruptcy are as follows:

• It triggers the automatic stay, which prevents foreclosure, repossession, wage garnishment, and all other collection actions
• It reduces your interest rates and fees
• It lowers your monthly payments
• It allows you to discharge some of your unsecured debt at the end of the plan

Qualifying for Chapter 13 in Pennsylvania

Importantly, Chapter 13 bankruptcy isn’t right for everybody. To qualify, you must meet the following criteria:

• You are an individual or a married couple filing jointly
• You have a regular source of income that is sufficient to fund a repayment plan
• You have less than a certain amount of unsecured debt (such as credit cards, medical bills, personal loans, etc.) and less than a certain amount of secured debt (such as mortgages, car loans, etc.)
• You have not received a discharge in a Chapter 7 bankruptcy in the past four years or a Chapter 13 bankruptcy in the past two years
• You have completed a credit counseling course within 180 days before filing

The Chapter 13 Bankruptcy Process

Though Chapter 13 bankruptcy is a fantastic means to help those in difficult financial situations, there is a long, often complicated process the individual will have to go through. A brief overview of the Chapter 13 bankruptcy process is as follows:

• File a petition and other documents with the bankruptcy court and pay a filing fee
• Submit a proposed repayment plan that shows how you will pay your creditors over time
• Attend a meeting of creditors where you will answer questions about your income, expenses, assets, debts, and plan
• Attend a confirmation hearing where the judge will review and approve or modify your plan
• Make monthly payments to the trustee who will distribute them to your creditors according to your plan
• Complete a financial management course
• Receive a discharge of unsecured debt

Don’t go through the Chapter 13 bankruptcy process without a competent lawyer in your corner who can effectively guide you through it. Mudrick & Zucker is on your side.

Contact Mudrick & Zucker Today

Financial turmoil can happen in the blink of an eye; all it takes is a bad auto accident, an expensive medical procedure, or another type of misfortune. Fortunately, there is a way out. Contact a Chapter 13 bankruptcy lawyer from Mudrick & Zucker for guidance today.