https://danparklawgroup.com/three-reasons-why-you-need-to-hire-a-chapter-13-bankruptcy-attorney/
>Bankruptcy is a final alternative for many people and businesses; for others you have the option of filing. If you’re faced with a situation where bankruptcy could be the best method of proceeding, numerous sources can assist you in know the pros and cons of declaring bankruptcy.
Chapter 13 bankruptcy will help you organize your debts, and then get them paid off in time. It is possible to present a plan that outlines how you plan to make payments to the court with the help of a Chapter 13 bankruptcy attorney. The court will look over the plan at least every two months or until it’s approved, at which point the court will erase your active bankruptcies. After that, the court will grant temporarily relief from rules that prevent certain payments from occurring.
The relief from the chapter 13 rules is able to be restored at any time at the decision of the court, and you are liable for any payments made through the plan that exceeds what the court allows. You can be penalized for not paying the required fees by the court. It is possible to determine whether bankruptcy is public knowledge from the bankruptcy form.
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