Chapter 13 Bankruptcy

Can Chapter 13 Bankruptcy Help Clear Your Debt?

When you are deeply in debt climbing your way out seems impossible. You want to pay back what you owe, but mounting financial pressures and the cost of ordinary living make paying off debts seem a far away dream.

In these cases Filing for Chapter 13 bankruptcy can be the extra boost you need to start paying back debts and restore your good credit.

Ralph W. Gorrell, Attorney At Law takes pride in helping individuals file for Chapter 13 bankruptcy and establish viable repayment plans for debts. As a qualified bankruptcy attorney and Chapter 13 attorney, Ralph W. Gorrell, Attorney At Law has helped numerous debtors recover from their debt and return to living financially healthy lives.

We will help you with all the particulars and paperwork involved in establishing Chapter 13, including:

  • Analyzing your debt
  • Determine eligibility and gauge your income
  • Establish your property end exemptions
  • Complete and file all forms
  • Represent you at hearings and help negotiate a payment plan with creditors

Beyond guiding you through the Chapter 13 process, Ralph W. Gorrell, Attorney At Law will instruct you as to the best course of action. Chapter 13 isn’t for everyone, and there are numerous factors to consider. No matter your situation, you can always trust Ralph W. Gorrell, Attorney At Law to provide honest legal counsel that helps with your debt.

Start Paying Back Your Debt With the Help of Ralph W. Gorrell, Attorney At Law!

To schedule a free consultation, please call Ralph W. Gorrell, Attorney At Law today!

Please review our site and see what we may be able to offer you.
Feel free to Call us at (336) 379-9416.

 

[box type=”info”] This site and its information is not legal advice, nor is it intended to be. Contacting us does not create an attorney-client relationship. Get in touch by electronic mail, letters or phone calls. Do NOT send any confidential information to us until an attorney-client relationship is established. Information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. Information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship. Consult an attorney for advice about your individual situation.[/box]

Bankruptcy

A business or an individual can declare bankruptcy once they have ascertained that it has become impossible to pay off one’s creditors. It can give you a chance to start over from a financial point of view, as most of debts are relieved after bankruptcy as been filed.

Chapter 7, or liquidation bankruptcy, means that your “estate” is sold in order to pay off your creditors.  (selling your assets)

A reorganization bankruptcy can also involve the selling of assets, but more often than not you can retain a majority of your assets while your creditors’ needs are assessed. Reorganization bankruptcies can be filed under the following guidelines:

Chapter 9 – municipalities

Chapter 11 – businesses and individuals with many assets

Chapter 12 – farmers, fisherman

Chapter 13 – individuals with steady income

Chapter 15 – international cases

Contact us today to learn more about your options under the current bankruptcy laws.

Ralph W. Gorrell, Attorney At Law is here to help.  Please review our site and see what we may be able to offer you.  Feel free to Call us at (336) 379-9416.

 

[box type=”info”] Information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship. Consult an attorney for advice about your individual situation.This site and its information is not legal advice, nor is it intended to be. Get in touch by electronic mail, letters or phone calls. Contacting us does not create an attorney-client relationship. Do NOT send any confidential information to us until an attorney-client relationship is established. Information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. [/box]