Chapter 13 Bankruptcy Attorney in Minnesota
No Fancy Law Office, Just Solid Legal Advice
When financial problems cause you to fall behind on mortgage payments and other bills, it can be difficult to know how to get back on track. Talking with a Minneapolis bankruptcy lawyer can provide you with a fresh perspective about your financial future. You can regain control and you can save your home.
Stephen M.Goldfarb Law Office, P.A. has been serving the Twin Cities community since 1965. We know the laws and we know the problems our clients are facing. Contact our St. Louis Park office for an initial consultation.
If you are considering filing for bankruptcy, attorney Stephen Goldfarb is available to fully explain the bankruptcy laws and your options. In addition, after thoroughly examining your financial situation, he can make a recommendation on whether Chapter 7 bankruptcy or Chapter 13 bankruptcy would be more appropriate. Rest assured, you will always have the information you need to make a prudent decision.
Chapter 13 Bankruptcy Overview
Chapter 13 bankruptcy is an appealing option for those who want to keep their home or who are ineligible for Chapter 7 bankruptcy. Chapter 13 bankruptcy can:
- Stop foreclosure proceedings
- Stop creditor harassment
- Stop wage garnishment
- Halt pending litigation against you
- Minimize your overall amount of debt
- Grant you more time to repay debt
Chapter 13 bankruptcy is essentially a form of debt consolidation and repayment. All of your debt — including overdue mortgage payments and default interest, credit card debt and other debt — is consolidated and managed by a bankruptcy trustee. A realistic monthly repayment plan is established based on your income and basic obligations. One monthly payment is then made to the bankruptcy trustee over the course of 3-5 years. The bankruptcy trustee disburses this payment among your creditors in accordance with the repayment plan, allowing you to catch up and regain control of your finances.
If you have questions about Chapter 13 bankruptcy or would like to schedule an initial consultation to discuss your situation, contact of Stephen M.Goldfarb Law Office, P.A.
Please view our bankruptcy resources for additional information.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
