Relief from Financial Troubles: Trust Our Experienced Chapter 13 Attorneys for Credit Card Debt

by Recovery Law Group Recovery Law Group
Chapter 13 is the US bankruptcy proceeding in which debtors are given time and opportunity to reorganize their finances under the supervision and approval of the courts. Also known as the Wage Earner’s plan, the debtors must submit and follow through with the plan to repay outstanding creditors within a period of three to five years. Chapter 13 bankruptcy is for people who are making money but have fallen desperately behind trying to keep up with payments for things bought on credit. It lets you eliminate unsecured debts like credit card payments, while you catch up on your mortgage payments. To qualify for Chapter 13 bankruptcy, you must:

Have a steady source of income 
Be current on your tax filings, and 
Should not have filed for a Chapter 13 bankruptcy for two years, and Chapter 7 bankruptcy for four years 
A bankruptcy attorney can help you navigate the process of Chapter 13 bankruptcy with ease. The attorney will advise you whether you qualify for Chapter 13 bankruptcy or not. Recovery Law Group law firm has experienced attorneys who specialize in bankruptcy cases. The attorneys are well aware of the role of Chapter 13 bankruptcy trustee. First of all, a notice of appointment of the bankruptcy trustee will be sent to the debtor after the filing of bankruptcy has been received by the court. If additional information is required by the trustee, such as details of tax returns, it is intimated to the debtor in this notice, along with the date on which these are due. 
Other roles of Chapter 13 bankruptcy trustee include:
Administration of the bankruptcy estate, liquidation, or any action on the estate that needs to be approved by the bankruptcy trustee.
Collecting proof of insurance to help creditors if the collateral is damaged. 
The first payment to the creditors needs to be made within 30 days from the filing of bankruptcy that confirms the capability of the debtor to clear his dues using the repayment plan.  
Another important role of Chapter 13 bankruptcy trustee is to work closely with the debtor to prevent any activities of abuse or fraud toward the debtor’s estate.
When debtors work efficiently with the trustee, they can be assured that they will have complete control over their assets. For more information on the role of Chapter 13 bankruptcy trustee, you can contact Recovery Law Group.
Credit debt attorney to help you pay off your credit card debts
If you are facing harassment due to credit card debt that keeps you awake at nights, and you do not see the situation improving anytime soon, do not fret as there is legal recourse that you can take that will make the collection and harassment calls stop for good. Recovery Law Group’s credit card debt attorneys can help you with any of three ways to eliminate credit card debt, viz.:
Consolidation, and 

The top industry players and banks want you to pay off the credit card debt with high-interest rates, even if you have to take on another debt for this purpose. Recovery Law Group’s credit debt attorneys can help you choose the appropriate option in the given timeline. The lawyers will help you throughout the process to pay off, or consolidate your credit card debt, depending on what is appropriate in your individual situation. By hiring Recovery Law Group’s credit card debt attorney, you can expect a fresh start to your personal and business financial management.   

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Created on Mar 14th 2023 03:15. Viewed 168 times.


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