Mobile Chapter 13 Bankruptcy Attorney

Start Your Chapter 13 Bankruptcy Case and Stop Foreclosure, Repossession, and Wage Garnishment

At Ryan Legal Services, we understand that when debt accumulates, it can be paralyzing. External forces and increasing interest rates can make it difficult to keep up with payments.

However, rather than deal with it alone, you should turn to our skilled Chapter 13 lawyer in Mobile who can help you file for Chapter 13 bankruptcy. We understand the stress you are under, which is why we treat each of our clients with the compassion and respect they deserve.

Contact our Chapter 13 attorney in Mobile today to find out how we can alleviate your financial stresses. We can start your Chapter 13 bankruptcy case for $0 down.

What is Chapter 13 Bankruptcy?

What You Should Know Before Filing

Chapter 13 is often referred to as a “reorganization” bankruptcy. In Chapter 13, the Debtor makes a monthly payment towards a Chapter 13 Plan. In most cases, the Debtor does not have to pay all debts owed. A Chapter 13 case can be filed by a single person or jointly by two legally married persons.

Filed under Title 11, Chapter 13 of the United States Bankruptcy Code, the Plan states a proposed monthly payment which is deducted periodically from the Debtor's paycheck.

If the Debtor is not employed, the Office of the Chapter 13 Trustee will provide a means for the Debtor to pay the Chapter 13 Plan payment electronically via the internet each month, or set up an ACH bank account debit for the payment each month.

The benefits of filing for Chapter 13 bankruptcy:

You have more time to pay off your debts
You get to keep the property you are making payments on
It can help you avoid foreclosure
Chapter 13 bankruptcy is shown on credit report for only 7 years, rather than 10
It helps with the IRS and can even get some of your taxes discharged

At Ryan Legal Services, our Chapter 13 attorney can explain how to file for bankruptcy and how it can help your situation. We are available Saturday to clients in Loxley, Mobile, and throughout Baldwin County. Additionally, with our 24/7 case access, you can stay up to date with your case.

Chapter 13 Bankruptcy Frequently Asked Questions

Who can declare chapter 13 bankruptcy?

Chapter 13 bankruptcy is intended for individuals and those filing jointly as spouses. You can’t file for Chapter 13 in the name of a business, but if you’re a business owner, you can file just in your name. If you’re looking for a business option, you probably want to look into Chapter 11 bankruptcy instead.

Aside from being an individual, you must also prove adequate income. Accepted types of income include wages, salary, social security benefits, child support, royalties, unemployment benefits, and more. You may also use your spouse as a source of income.

Additionally, your debts must not be too high. The current accepted limit is $465,275 for unsecured debts and $1,395,875 for secured debts.

If you don’t meet one or more of these qualifications, our lawyers can still help you find the right bankruptcy plan for your needs.

How long does Chapter 13 bankruptcy take?

The bankruptcy will take about three to five years to be discharged. The filing process is a few months long.

What is the difference between Chapter 7 and Chapter 13 bankruptcy?

To put it simply,Chapter 13 bankruptcy is a repayment plan. It’s for reorganization. It helps you pay off your secured debts without losing them. This means no foreclosure, no repossession, no wage garnishment, and debt consolidation.

Chapter 7 bankruptcy is about liquidation, and it can apply to businesses as well. It’s a much faster process, but you risk foreclosure and repossession.