When people are in deep debt and unable to pay their bills, many of them consider filing for bankruptcy, the most common types of which are Chapter 13 and Chapter 7. When you are researching Chapter 13 attorneys in New Bedford, MA, they can explain that with this type of plan, the court sets up a repayment schedule for you to pay back your unsecured debt such as credit cards and medical bills. Therefore, since you are paying the debt off and not eliminating it entirely as you would in Chapter 7, it can be a little easier on your credit score.
Trust the Experts with Your Questions
Both Chapters 7 and 13 result in a lot of questions for the client but lawyers such as the Law Offices of Business Name will explain everything in detail right from the beginning and then help you through each step of the process so that together you are working towards a favorable ending and improving your finances. Chapter 13 attorneys can help with all the paperwork and, most of all, are there throughout the process in case you have any questions or concerns.
Chapter 13 Doesn’t Have to Be Complicated
Chapter 13 attorneys normally recommend this type of plan whenever you are facing a foreclosure on your home and when you are interested in repaying your debt so that your credit doesn’t suffer too much. Although both Chapters 7 and 13 will affect your credit score, the latter is a little easier on you because it shows that you are not going to walk away from your debts. Chapter 13 attorneys can also help stop all legal action you may be experiencing so that creditors cannot contact you from then on, which makes the entire plan much easier to utilize.