If you’re a business owner or you are engaged in any form of activity that allows you to earn money, you should be very interested in filing a Chapter 13 bankruptcy plan.
Generally, a Chapter 13 bankruptcy plan will help you pay back debts where applicable with ease. Here, you get to sign off on a repayment plan which permits you to pay a specific amount of money for a period of 3-5 years till the entire debt is paid off.
However, before you can file for Chapter 13 bankruptcy, you need to ensure you have no recent bankruptcy discharges, fulfill credit counseling requirements, are on current income taxes, and have sufficient income to allow you to pay back your debt. This may require that you provide all the necessary documents. With the help of attorneys, you can file bankruptcy on property taxes, and obtain your bankruptcy information sheet and fact information sheet so you can file your Chapter 13 bankruptcy with ease.
If you’re thinking, “can you file bankruptcy on property taxes”, it is important you know that while a straight bankruptcy can cover the liability for that debt, you will still be responsible for it, particularly if it is less than a year old.
If you have recently chosen to file a Chapter 13 bankruptcy, then congratulations — you’re just a few months away from being able to manage your debt payments and having control over your finances again!
The next step in your journey toward a Chapter 13 bankruptcy is deciding whether or not you should hire an attorney to represent you in bankruptcy court.
And while you don’t technically need to have a Chapter 13 bankruptcy attorney, the cost that could result from not hiring one is too great to go without one.
For further proof, here are the top four reasons why you should never file bankruptcy without the help of a Chapter 13 bankruptcy attorney:
1. They can help you end creditor harassment: The most immediate result of hiring a Chapter 13 bankruptcy attorney is the almost instantaneous end of the barrage of phone calls from creditors and debt collectors you’ve been receiving. Creditor harassment can take a significant toll on your mental well-being — if you’re ready for it to end, you might want to file a Chapter 13 bankruptcy.
2. Legal guidance: Not many people know exactly how to file bankruptcy or when to file bankruptcy. An attorney who specializes in Chapter 13 bankruptcies just like yours can give you the best bankruptcy help and guidance, and help you understand the process as you move through it. There won’t be any uncertainties or anxiety when you have an attorney helping you through your bankruptcy.
3. One-on-one attention: Filing bankruptcy on your own is intimidating, not to mention stressful due to the amounts of paperwork you’ll be responsible for. Chapter 13 bankruptcy attorneys will work with you on an individual basis, providing the best Chapter 13 bankruptcy information and being available to answer any questions or concerns you may have throughout the bankruptcy process.
4. A successful bankruptcy: As mentioned before, any bankruptcy will require you to fill out mountains of paperwork. If you file for bankruptcy alone, the chances of you making an error on your paperwork increase significantly, and it’s likely that your bankruptcy will be rejected by the courts in the event of an error. By letting an experienced Chapter 13 bankruptcy attorney handle the paperwork and legal work, you can feel confident that your bankruptcy will be approved and you will be able to start anew with a fresher grasp on your finances. Find more on this here.