Chapter 13 Bankruptcy is a powerful tool that can be utilized by people to save their homes, vehicles, and other property from foreclosure or repossession. In addition, it can be used to lower interest rates and principal balances on loans. All of this is accomplished through a Plan of Reorganization that requires creditors to accept payments while you get back on your feet.
It is critical to have an experienced lawyer navigate you through all the requirements of Chapter 13 because it is such a powerful tool. Such requirements include: (1) Protecting your assets with exemptions, (2) Determining what debts should be paid in your Plan of Reorganization, (3) Ensuring your disposable income is calculated properly to minimize your payments, (4) Determining which judgments can be avoided, (5) Cramming down payments to creditors, and (6) Surrendering certain property to free up cash flow, to name a few examples. At EGH, you will meet with an experienced attorney, not a paralegal or staff assistant, right from the start to ensure you, your family, and assets are protected.
Bill Kroll worked as a law clerk in the Bankruptcy Court for the Eastern District of North Carolina, is a Board Certified Specialist in Bankruptcy and Consumer Bankruptcy, and has focused his practice on bankruptcy sine 2009. Call EGH to schedule your free consultation.
Phone: (919) 755-0025
