Chapter 13 as an Alternative to Chapter 7

A Chapter 13 bankruptcy is a powerful tool for people who have a steady job, but are having difficulty keeping up with their bills each month. Typically, a Chapter 13 is filed for one of the following reasons:

~ A Client is behind on their car or mortgage payments and wants to save it

~ A Client has equity in their home or other property above and beyond their North Carolina exemptions

~ A Client does not qualify for Chapter 7 relief because they make too much money

There are tons of other reasons to file a Chapter 13 case. The best way to understand what a case would look like for you is to talk to an experienced bankruptcy attorney. For those of you in Western North Carolina, I would be pleased to speak with you during a free initial consultation.