Chapter 13 Bankruptcy

When you are faced with mountains of debt, every day can seem like a struggle. As late fees and interest pile up, so do your worries. How will I afford to pay for gas and groceries this week? If the bank repossesses my car, how will I get to work?

At The Rollins Law Firm, our Jackson, MS bankruptcy attorney will provide you with the sensitive counsel and legal resources you need to succeed. When everything seems to be falling apart, we work to help you piece your finances back together.

Remember that it is never too late to reach out for help. Contact us today for your FREE initial consultation. 601-500-5533.

How Chapter 13 Bankruptcy Can Help

Chapter 13 Bankruptcy can assist you in reducing or eliminating your debt, including credit card bills, medical bills, utility payments and some types of loans. Once you file, an automatic stay will be placed on your creditors, stopping all phone calls and other methods of debt collection.

Chapter 13 Bankruptcy is especially beneficial to a person who is behind on their mortgage payment or has other secured debt because a Chapter 13 allows you to pay the arrears or back debt through the Chapter 13 "plan" and keep your home.

The Chapter 13 plan is usually 3 or 5 years. It essentially consolidates the debt into a manageable monthly payment plan. The plan accounts for your living expenses first, and then the plan payment is determined by the amount of your leftover income.

Chapter 13 is only available to individuals that have a regular income because the debtor is required to make monthly payment for 3 or 5 years after filing. If a person has too much debt (roughly $900,000 secured or $300,000 unsecured), they may be disqualified from filing and will only be allowed to file Chapter 7 or 11.

The biggest advantage of filing Chapter 13 is that the debtor usually gets to keep all of their property. Any amount that you are behind on mortgage payments can be paid through the Chapter 13 plan. Depending upon your individual circumstances however, a Chapter 7 bankruptcy may also be a suitable course of action.

Bankruptcy and Home Foreclosure

The thought of losing your home through a Foreclosure can be frightening. Fortunately, there are options available to you. One of those options is a Chapter 13 bankruptcy. Immediately after filing, the foreclosure process will be halted, giving you time to evaluate your financial situation and think carefully about the next step.

At The Rollins Law Firm, we will work together with you to create a plan that could save your home. This might involve communicating with your lender to lower interest rates or arranging a payment restructure. No matter how complex your case, our lawyer is here to help.

Find Relief From Debt Today

Contact a knowledgeable Jackson, Mississippi, bankruptcy attorney with The Rollins Law Firm, at 601-500-5533 and schedule your FREE initial consultation. We have the resources you need to start living debt free.

For additional information regarding bankruptcy, please visit our blog.

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Thomas C. Rollins, Jr.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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I had a wonderful experience. The staff were nice and very informative. The process was quick and easy. Very affordable for me being a single parent. Would recommend anyone there. - Lashay H.
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The Rollins firm assisted me at a very low point in my life. After having a lot of medical issues and expenses, I found myself unable to make ends meet. Mr. Rollings and his staff worked very promptly to help. They made the process so easy to complete. - Vinester Smith.
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Fast response and professional advice. Really great to work with and understand what a difficult time in one’s life this is. Will recommend to anyone - Bryan Aust.
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My wife and I were in an impossible financial situation where over time, we had built up so much debt that we could no longer keep up with all the payments. We were getting further and further behind until we reached out to the Rollins Law Firm for help. They have the knowledge and expertise through their experience to handle our particular situation. Their entire team of professionals are always available to answer questions, explain your options, and then provide the legal service that you need to relieve your financial worries and get you back on the right track! I recommend the Rollins Law Firm to anyone who needs help to deal with financial struggles. - Mike Zegelien.