Are You Considering Chapter 7 Or Chapter 13 Bankruptcy?

Struggling to pay the bills, worrying about losing your home and being harassed by creditors are some of the most stressful situations you can face. But you don't have to live like this anymore. With the help of an attorney, filing bankruptcy can put an end to your financial worries.

At Paul Law Office, PLLC, I file Chapters 7 and 13 bankruptcy for people in Minnesota. I understand that living with the stress of debt is overwhelming. You can retake control of your finances and your life by speaking with a lawyer. I will review your debts, assets and income before recommending bankruptcy. If it's right for your circumstances, I will help you determine which chapter to file.

I File Chapter 7 Bankruptcies For A Flat Fee

Because the median household income in Minnesota is high, more people qualify for Chapter 7. I will help you take the means test that determines whether you qualify. If you do not, you may be able to file Chapter 13.

Under Chapter 7, your unsecured debts will be eliminated (discharged) and you will not have to repay them. Secured debts such as a vehicle loan can be discharged if you return the vehicle to the lender. This does not necessarily mean that you will lose your car just because you file Chapter 7. I will explain how the law will apply to your case.

Chapter 13 Is Good For People With Sufficient Income

If you file Chapter 13, you must have enough income to repay some of your debt. In this chapter of bankruptcy, your secured and unsecured debts are combined into one affordable monthly payment. This payment plan lasts for three to five years. When you complete the plan, some or all of your eligible remaining unsecured debt will be discharged.

Chapter 13 can be a good choice for people facing home foreclosure, because it allows you to keep paying your mortgage in a more affordable amount. You can, however, file Chapter 7 and continue to pay your mortgage. Speak with me to learn about the difference in the two chapters' effects on foreclosure.

Please learn more by reading our FAQ page.

Take Action Today

For a free, 30-minute consultation, please call my Burnsville law office at 800-770-7126 or contact me online.

Paul Law Office, PLLC, is a debt relief agency, helping people file for bankruptcy relief under the Bankruptcy Code.