Winchester Bankruptcy Lawyers
debt relief
There may be a number of different solutions s to reduce your debt and make it easier.
Bankruptcy, Interest Rate Reductions, Loan Refinancing, Consolidating Debt, and Repayment Terms.
Realizing that you need help with managing debt is the first step, call us for a consultation.
Winchester bankruptcy lawyers may have other options than Chapter 7 or Chapter 13, which usually allows the debtor to retain valuable assets; your home, vehicles, non-exempt assets. Chapter 13 will also stop foreclosures, in most cases.
Reorganization plan, a debtor may set up a repayment plan to pay installments to their creditors over three to five years. If the debtor’s monthly income is currently less than the applicable state median, your plan may be for three years unless the court approves a longer period, for cause.
The court can then approve your plan and during this time, the law forbids creditors from starting or continuing collection efforts. This includes lawsuits, wage garnishments, and no contact with the debtor for the life of the plan.
Winchester Bankruptcy Lawyers fight for you!
