Many people filing for bankruptcy are worried that they won’t qualify to eliminate all of their debts. The not-so-good news is that not everyone qualifies for Chapter 7 bankruptcy. The good news is that Chapter 13 bankruptcy is available for nearly everyone and is often a better option for greatly reducing or eliminating your debt. The best news is that Chapter 13 allows you to restructure all of your debt into an affordable multiyear repayment plan that can save you thousands of dollars in loan principal and interest payments.Under Chapter 13 of the U.S. Bankruptcy Code, you would agree to lump all your debt payments into a restructured plan that will be supervised by a bankruptcy trustee. I will negotiate the terms of the amount of debt to be included in the restructure, which may be reduced from the full amount owed on the credit card or consumer loan. In most cases, your repayment period is between three and five years. At the successful conclusion of the plan, your remaining debt is wiped clear. In most cases, the total monthly payment will be significantly less than the combination of monthly payments the individual or family may be paying to various creditors.


Free Consultation To Learn More About Getting The Fresh Start You Need

If you need a fresh start from debt, turn to Blossom Law PLLC for help. I am attorney Rashad Blossom. I come from the same hardworking middle-class family background as most of my clients. I understand the frustrations of paying bills month after month, but never getting ahead. I opened my law firm in order to give people an even break they need and deserve against banks and corporations.

From offices in Charlotte, I represent individuals and families in communities throughout Mecklenburg County and surrounding counties. Call to arrange a free consultation with an experienced Charlotte Chapter 13 bankruptcy attorney today.

The Benefits Of Chapter 13 Over Chapter 7

In most cases, Chapter 7 bankruptcy restricts the type of debt you can eliminate or restructure. For example, a Chapter 7 bankruptcy does not allow you the right to catch up on your mortgage payments, or restructure your car payments or student loans.

Under Chapter 13, all types of debts and arrears may be included in the restructured debt repayment plan. This can include:

  • Credit card debt
  • Mortgage
  • Car payment(s)
  • Student loans
  • Taxes
  • Child support and spousal maintenance arrears
  • Medical bills

You will avoid home foreclosure and stop harassing collection calls and legal actions such as wage garnishment, liens and levies in process against you, while reducing your total monthly payment. In addition, creditors often look more kindly on a Chapter 13 bankruptcy on your record than they will a Chapter 7. After all, you are making a good faith effort to repay the amount you borrowed.


Need A Debt Management Plan? Ask Me About Chapter 13 Bankruptcy.

For bankruptcy services, I offer reasonable fees based on a fair retainer and honest billing policies. I am available for consultations 8:30 a.m. to 5 p.m. weekdays. Evening and weekend appointments may be available by special arrangement. Call 704-BLOSSOM (704-256-7766) or use the convenient email contact form to explain your legal needs and request a return call. Blossom Law PLLC is a debt relief agency. The firm helps people file for bankruptcy relief under the U.S. Bankruptcy Code.