Chapter 13 Bankruptcy in Raleigh

Chapter 13 in Raleigh is a repayment plan under which the debtor pays a percentage of his/her unsecured debt back to creditors. Chapter 13 in Raleigh can also be used when an individual has fallen behind on payments for a mortgage, car payment, or other similar debt.

How Raleigh Chapter 13 works

Anyone considering filing Raleigh personal bankruptcy should be aware that a Chapter 13 plan lasts between three and five years. The Chapter 13 discharge is somewhat broader than the Chapter 7 discharge in that it eliminates liability for several additional types of debts. However, the length of the Raleigh Chapter 13 bankruptcy plan in combination with the unexpected inability to make plan payments may result in dismissal of the case, which means that the debtor does not receive a discharge, but still has a Raleigh Chapter 13 bankruptcy on his or her credit report.

Generally, if an individual who needs to file personal bankruptcy in Raleigh is eligible for Chapter 7 relief, it is the preferred alternative.

How a Raleigh bankruptcy attorney can help

Filing Chapter 13 is a complex process involving complicated negotiations and court processes.  You should not attempt to file Chapter 13 without the assistance of a skilled bankruptcy attorney in Raleigh.  The laws frequently change, and Raleigh bankruptcy lawyers have the resources to stay on top of the laws to ensure the best possible resolution for your situation. 

Joshua Levy is a Raleigh bankruptcy lawyer with the skills you need to help you through every step of the process.  When you need a bankruptcy lawyer in Raleigh, Levy Law Offices have the experience to get the fresh start you need.

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Levy Law Offices is a debt relief agency which proudly helps clients file for bankruptcy relief under the United States Bankruptcy Code, call (919) 518-9460 for chapter 13 bankruptcy in Raleigh.