Guidance For Those Exploring Chapter 13 Bankruptcy

For many people burdened by debt, bankruptcy offers a path to a fresh financial start. Chapter 13 is one such path. It provides a way to get out from under unmanageable debts such as medical bills and credit card debt. It also can offer a way to keep your home with more affordable monthly payments.

Because bankruptcy is such a big decision, it’s important to get professional legal guidance on whether Chapter 13 is right for you. Our lawyers at Borders & Gerace, LLC, can help you understand your options. Based in Cleveland and Akron, Ohio, our attorneys offer the benefit of extensive experience in this nuanced area of law. They have helped thousands of clients successfully pursue a fresh start through bankruptcy, and they can help you, too.

What Exactly Is Chapter 13 Bankruptcy?

Chapter 13 is one of two common types of consumer bankruptcy (the other being Chapter 7). It’s a good fit for people who make too much money to qualify for Chapter 7. It’s also good for homeowners.

Through Chapter 13, you will get a three- to five-year repayment plan that consolidates most of your debts into a single affordable monthly payment. After that repayment period, any remaining eligible debts will be discharged (erased).

Chapter 13 can allow you to keep your home, avoid foreclosure, get rid of second mortgages and eliminate other eligible debts.

Learn More About Whether Chapter 13 Is Right For You

Our attorneys would be happy to discuss your options during a free initial consultation. Call 216-435-5668 to learn more and discuss our affordable fees. We have multiple convenient offices and can handle bankruptcy cases virtually, without the need for in-person involvement.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.