Metairie Repayment Plan Lawyers 

Get a Free Consultation with a Jefferson Parish Bankruptcy Attorney

If you are struggling to make your payments, you may have a number of options available to you. For example, you may be able to negotiate a settlement with your creditors to pay back a certain amount over a certain period of time. Or, you may be able to get your creditors to agree to accept a certain amount of your debt as a partial settlement.

However, if you are unable to negotiate a repayment plan with your creditors, you may want to consider filing for Chapter 13 bankruptcy. This form of bankruptcy allows you to reorganize your debts into one monthly payment. This will allow you to catch up on your payments, consolidate your debts, and protect your assets from creditor harassment.

Schedule a free consultation with a qualified Metairie bankruptcy attorney at Sisk Law Firm by calling (504) 499-5919 today or contacting us online. 

Chapter 13 Bankruptcy in Louisiana

Chapter 13 bankruptcy is also referred to as a wage earner's bankruptcy. This form of bankruptcy allows individuals who have a regular source of income to reorganize their debts into one monthly payment. This will allow you to catch up on your payments, consolidate your debts, and protect your assets from creditor harassment.

What Is the Purpose of Chapter 13 Bankruptcy?

Chapter 13 bankruptcy allows you to pay back your debts over a period of time, rather than having to pay them off all at once. The amount of debt you can take on is determined by the means test. The means test is a calculation of your income and expenses that determines how much you can afford to pay back.

Chapter 13 bankruptcy is also referred to as a wage earner's bankruptcy because it allows individuals who have a regular source of income to reorganize their debts into one monthly payment. This will allow you to catch up on your payments, consolidate your debts, and protect your assets from creditor harassment.

Who Is Eligible for Chapter 13 Bankruptcy?

There are certain requirements you must meet to be eligible for Chapter 13 bankruptcy. These requirements include having regular income, being able to afford a repayment plan, and proving that you have a significant amount of debt. If you are considering filing for Chapter 13 bankruptcy, it is important to speak with an experienced lawyer.

To learn more about debt repayment plans and to navigate your options for debt relief, contact a qualified attorney at (504) 499-5919.