Completing Chapter 13 bankruptcy proceedings can take anywhere from three to five years. For comparison, Chapter 7 bankruptcy takes just three to four months. While there are many advantages to opting for Chapter 13 bankruptcy, also called a wage earner’s plan, you will need a high-quality attorney to ensure the process goes smoothly. 

Chapter 13 Bankruptcy: Why Your Lawyer Is So Important

A Calculated Process

Chapter 13 bankruptcy allows you ample time to pay off your debts, often with reduced payments and plenty of flexibility. However, you need to ensure you craft a solid repayment plan to ensure you don’t run into any issues along the way. Your lawyer will need to carefully calculate your repayment strategy to work in your best interest and adhere to the law.

The proposal will entail how long your plan will last, how much payment creditors will receive, and the value of your property, among several other key factors. Since this plan can make-or-break your situation for the next few years, choosing a qualified attorney is vital. After you successfully complete your repayment plan, applicable creditors can no longer require you to pay them in full.

A Long-Term Commitment

Due to the long-term nature of this commitment, you can expect to work with your attorney on a regular basis over a period of several years. Naturally, you want to ensure you select someone you can trust. Look for an attorney with years of experience in bankruptcy law and a record of successful discharges. Your lawyer should be able to explain exactly what to expect, so you can rest easy as you regain control of your financial situation.

With over 16 years of experience focusing on Chapter 13 Bankruptcy, you can count on Bueker Law Firm to expertly reorganize your finances. Located in Stuttgart, AR, they consistently provide clients with the individualized attention and respect they need to attain fiscal solvency. To schedule your complimentary consultation, call today at (870) 673-1313. For more information about what the bankruptcy attorney can do for you, visit the website.