Ridgeland Bankruptcy Attorneys for Chapter 13

When you are faced with mountains of debt, every day can seem like a struggle. As 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? If a debt goes unpaid, the creditor can sue you for the money. They can get a judgment that will show up on your credit report if you can’t work something out. When everything seems to be falling apart, our Ridgeland bankruptcy lawyer works to help you piece your finances back together.

Our Ridgeland bankruptcy attorneys serve clients in Jackson and throughout Mississippi. To help you succeed in your Mississippi bankruptcy filing, we provide sensitive counsel and the legal resources you need. We don’t cut corners like some of the bankruptcy mills in town. Lack of preparation, such as incomplete bankruptcy forms, leads to disastrous consequences, which is our Ridgeland bankruptcy lawyer will first conduct a detailed bankruptcy case review before filing for bankruptcy at the Mississippi court.

Is your property being foreclosed? Is your car being repossessed? Or are your medical bills piling up? If you want to address your financial concern, our Jackson Mississippi bankruptcy attorneys can file your petition quickly. At our Mississippi law firm, our bankruptcy experts pull your credit report to speed up the process of gathering the necessary information. Once you provide all the necessary documents, our Chapter 7 & 13 bankruptcy lawyers will prepare your case quickly.

No attorney’s fees upfront for chapter 13.

We understand that those facing debt are already in a difficult situation. We don’t add to your burden. That’s why, when you retain our firm, you only need to pay the court fees upfront. Your attorney’s fees are paid overtime in your monthly bankruptcy payment. If you want to learn more about our affordable payment process, send us a message using the form below.

GET MY FREE CONSULTATION!
Rollins Law Firm Mississippi Bankruptcy Lawyer

Ask a question or request a free consultation.

Rollins Law Firm Mississippi Bankruptcy Lawyer

601-202-3942

Learn more about how filing for bankruptcy can help you.

Give us a call to schedule your appointment

GET YOUR FREE CONSULTATION

Chapter 7 vs Chapter 13 Bankruptcy

Chapter 7 Chapter 13
Eliminates most unsecured debt without paying any of it back Creates a payment plan to manage your debt and usually lower your monthly payments
Most people keep their home and car if they can keep the payments up to date Gives you a way to catch up the payments if you are behind on a house or car loan
If you can afford your home or car then you can walk away without owing any money

Stops Foreclosure

Stops Repossession

Stops Garnishments

Cannot usually eliminate student loans, taxes, child support or alimony Gives you better credit after the case is finished
Comparing Chapter 7 versus Chapter 13 Bankruptcy

Who is Eligible for Chapter 13?
Answers from a Ridgeland bankruptcy attorney

A Chapter 13 bankruptcy filing is only available to individuals that have a regular income because the debtor is required to make monthly payments 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.

If you’re considering bankruptcy Chapter 13, our Ridgeland bankruptcy attorneys can help you determine whether you’re eligible to file for bankruptcy.

Check Your Eligibility

What is the Chapter 13 Repayment Plan?
As explained by a Jackson bankruptcy lawyer

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.

EVALUATE YOUR DEBTS

How Can Bankruptcy Help Me Keep My Home?
Our Ridgeland Chapter 13 attorney explains

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.

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 Jackson bankruptcy lawyer is here to help. Contact our Mississippi bankruptcy attorney today!

Stop Foreclosure

With our Jackson attorneys, you are never alone.

Our Jackson Chapter 13 bankruptcy lawyer from the Rollins Law Firm is committed to providing you with quality bankruptcy service. From the moment you walk into our Ridgeland MS office, you can rest assured that your needs will be met. We are by your side throughout the bankruptcy process, from filing paperwork to negotiating with creditors.

Schedule a Free Consultation

How Does the Mississippi Chapter 13 Bankruptcy Work?

Chapter 13 is more popular in Mississippi than in most states. Chapter 7 is the most popular bankruptcy choice for consumers across the country including in Mississippi. But Mississippi has one of the highest percentages of Chapter 13 cases in the country.

The Rollins Law Firm can provide you with an expert bankruptcy lawyer from Jackson, MS to file Chapter 13 bankruptcy and deal with your difficult times with the best advice!

FILE FOR BANKRUPTCY TODAY!

When Should You File for Chapter 13 Bankruptcy?

Chapter 7 is more popular because it is very simple, quick, and effective. Also, Chapter 7 can eliminate many types of debt without making any payments. The most important part of a Chapter 7 case is the discharge (elimination) of debt at the end of the case.

Chapter 13, on the other hand, involves a repayment plan to handle your debt. The plan will require you to make a bankruptcy payment for 3 to 5 years. The Chapter 13 plan is best suited to handle the following situations:

If you are behind on your house payment, you can use the bankruptcy to bring your mortgage up to date. Your regular mortgage payment will be made as part of the bankruptcy plan payment. The arrears will be caught up over the 3-5 years you make plan payments. If you are facing a foreclosure sale date, the bankruptcy will stop the sale so that you can bring your current mortgage into the bankruptcy plan.

Many times, a Chapter 13 can lower a car payment by spreading the payment out over 5 years. It will also lower the interest rate. If you have had your car for over 2.5 years then you may even pay lesser than the amount owed. It does not matter if you are behind on your car payment as long as you pay off the car in bankruptcy.

Moreover, if a creditor has repossessed your car, Chapter 13 filing may force them to return the car to you as long as you file the case within 10 days of repossession. Note that this does not apply to title loans.

If you owe back taxes then Chapter 13 bankruptcy can provide you with an opportunity to pay the taxes off over a 5-year plan at 0% interest. Even better, the penalties will not be applied once you file the case.

If you are behind on child support, then Chapter 13 can be used to bring your payments current. Here again, you can pay your arrears over 5 years at 0% interest.

Chapter 13 is sometimes the only choice if you don’t qualify for Chapter 7. Some people don’t qualify for Chapter 7 because they earn a high income.

While Chapter 13 may not be as good of a deal as Chapter 7 in this situation, Chapter 13 is usually better than doing nothing!

Some people own property that the Chapter 7 trustee would seize if they filed for Chapter 7 bankruptcy. In this case, Chapter 13 provides a way for you to keep your property while paying back a portion of your debt.

GET HELP WITH YOUR CHAPTER 13 BANKRUPTCY CASE

Who Is Allowed to File Chapter 13 in Mississippi?

You should meet the below criteria to file Chapter 13 bankruptcy:

  • You must have regular income and enough income to make the bankruptcy payment.
  • You must have filed all the tax returns you were required to file for the last 4 years
  • You cannot have more than $419,175 in unsecured debt
  • You cannot have more than $1,257,850 in secured debt
CONSULT A BANKRUPTCY ATTORNEY TODAY!

How Does a Chapter 13 Case Work?

First, a bankruptcy petition is filed to open a bankruptcy case. After the petition is filed the debtor needs to file a plan in 14 days. Usually, most people file the plans at the same time as the petition. The plan must include how long you plan to make payments, how much you believe the payment should be, and it must provide for how your debts will be treated.

Which Debts Do You Need to Pay?

You must pay the priority debts in full. These will include taxes, child support and alimony. Additionally, you can either surrender secured debts or pay them in the plan. If you choose to surrender the property, the creditor will be able to take possession of the property. In certain situations, a debtor can pay less than the full amount owed to keep the property.

For home loans, the debtor does not usually have to pay the loan in full. Instead, the debtor can just maintain the ongoing monthly payments while paying the arrears over the term of the plan.

If the mortgage is up to date when the case is filed then it may be possible to pay the debt directly rather than paying it through the trustee.

Besides, you must pay a certain percentage to unsecured debts. This percentage can range from 0% to 100% and is based on several factors. However, majorly it is based on your income and assets.

If you have a high income or low expenses then it is more likely that you will be required to pay a higher percentage to unsecured creditors. Also, if you own a lot of property you might have to pay back more of the unsecured debt.

Many attorneys will file the case without requiring you to pay all of the attorney’s fees upfront. Whatever balance you owe will be paid by the trustee.

Appointing a Trustee

A Chapter 13 trustee is appointed in every Mississippi Chapter 13 bankruptcy case. The trustee is usually a lawyer. And the trustee’s job is to review your paperwork and make sure your plan complies with the bankruptcy laws.

You will make your bankruptcy plan payments to the trustee and the trustee will use that money to pay the debts as outlined below. If the trustee does not agree with a part of your plan, they can file an objection. Common objections include:

  • You cannot afford the bankruptcy payment
  • You can afford to pay more to unsecured creditors
  • You have not provided treatment in the plan for all of your debts
  • You have not provided pay stubs, bank statements and tax returns to the trustee for
    review

And if the trustee files an objection, it is up to the bankruptcy judge to decide.

T.C. Rollins is a Jackson, MS bankruptcy lawyer who also has offices in Hattiesburg and Gulfport, Mississippi. If You’re considering bankruptcy in Mississippi, call our office to schedule a consultation with us today.

SCHEDULE A CONSULTATION WITH US!

Learn more about how filing for bankruptcy can help you.

Give us a call to schedule your appointment

GET YOUR FREE CONSULTATION

Testimonials

They made the process so easy to complete

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

The Rollins firm went above and beyond helping me

The Rollins firm went above and beyond helping me with my situation during the on going covid 19 crisis.

Owens Booker

Rollins Law Firm was there every step and explained it all in a way that was easy to understand

This process is a hard decision to make.  Rollins Law Firm was there every step and explained it all in a way that was easy to understand.  They answered my questions, sent me emails and text messages with information and appointment reminders.  There were some videos and a booklet that was very very informational and helpful to me.

Lauren Primeaux

I had a wonderful experience

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

Helped me through a very stressful time.

Helped me through a very stressful time. Mr. Rollins and his staff have been very nice and professional. They are always very quick to respond to any questions I may have. I would recommend Rollins Law Firm to anyone.

Kim Ainsworth

Definitely give this place your business, you wont regret it!

I used this firm in April and was blown away by how simple they helped to make the process for me. Every question I had, no matter how repetitive it was, they answered. I worked with Jessica a lot and she was amazing. Very patient and knowledgeable! If i could give them more stars I would. Definitely give this place your business, you wont regret it!

Natalia Ramsey

The Rollins Law Firm has made filing for bankruptcy very easy and understandable for me and my husband

The Rollins Law Firm has made filing for bankruptcy very easy and understandable for me and my husband. We are young and clueless about a lot, so having them walk us through literally everything has been great! The staff is wonderful and very responsive. We have never waited long for a call, text, or email back. We want to thank Breanne, Alex, Grayson, and Mr Rollins himself for such a positive experience. Of course, bankruptcy isn’t a good thing but when it’s your only option, this is the firm you want to use! It’s been affordable and quick. We are super pleased with the experience from the time we first called their office til today after filing with them!

Rebecca Harvey

They are the most respectful people

They are the most respectful people. They are about their business. I couldn’t have chosen a better Law Firm! I would refer them to anyone! Job well done

Beverly Wilson

Rollins law firm made it easy and less stressful!!!

Some of the nicest people I’ve met. Very patient, kind, and helpful. They helped me through a very difficult situation. Filing bankruptcy is very challenging and the people at Rollins law firm made it easy and less stressful!!! I thank you guys so much for all of your help through this difficult situation!! I will recommend this firm to anyone considering bankruptcy!!

Stephanie Harris

Fast response and professional advice

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

Relieve your financial worries and get you back on the right track!

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

I’m feeling a lot better about my financial future and thankful for all their help.

I went into Mr. Rollins’ law firm not knowing what to expect. After my first meeting with his team, I knew I made the right decision to contact his office. Everyone was knowledgeable and very willing to answer any questions and prompt with their responses. I’m feeling a lot better about my financial future and thankful for all their help.

Dawn Barfield

They answered all my questions and didn’t make me feel stupid for asking them

This firm is amazing Mr. Rollins, Alex, Grayson, Jessica, and the whole crew. They answered all my questions and didn’t make me feel stupid for asking them. I met with a couple of attorneys about my situation and none of them came close to being as thorough as Mr. Rollins, save yourself the time and effort, no need to call a thousand attorneys, choose the Rollins law firm and get your financial life back.

Jonathon W

Rollins Law Firm has gave me hope during a dark time

I was searching the web for information in on filing bankruptcy and discovered Rollins Law Firm. My situation was so uncertain and overwhelming but after consulting with Grayson, Jennifer, and Alex at Rollins Law Firm has gave me hope during a dark time. I am grateful for the help that I received and recommend Rollins Law Firm to anyone that is having difficulty with debt and don’t know where to start. There is a rainbow at the end of every tunnel. 🌈🌈❤️❤️

Courtney Crawford