Chapter 13 Bankruptcy

Carthage, North Carolina, Chapter 13 Bankruptcy Lawyers

Chapter 13 Bankruptcy is a debt repayment plan for wage earners who have the ability to repay at least a portion of their debts. Under the new bankruptcy laws, Chapter 13 Bankruptcy generally will be the only form of bankruptcy protection available to you if your income is above the North Carolina median income.

Filing for Chapter 13 Bankruptcy allows you to:

  • Protect important assets such as your home, property, or vehicles from foreclosure or repossession.
  • Reduce credit card bills, hospital bills, payday loans, and other forms of unsecured debt to an amount that you can afford to pay each month.
  • Put an immediate end to creditor harassment

Filing for Chapter 13 gives you time to catch up on your bills, while consolidating and reducing the amount you owe creditors into one manageable payment. At Rowland & Yauger, we have years of experience helping people get their financial house in order by filing for Chapter 13 Bankruptcy. We help people throughout central North Carolina, including Moore, Randolph, and Montgomery counties. We can also help people in the surrounding counties of Chatham, Hoke, Lee, and Cumberland file for bankruptcy.

Through the bankruptcy court, our lawyers will help create a payment plan that will allow you to pay back some or all of what you owe to creditors over a three- to five-year period. For secured creditors (such as your home mortgage company and the IRS), you will need to pay back 100 percent of what you owe. Unsecured debts (such as credit card and hospital bills) will be reduced to monthly amount which you can afford to pay. At the end of the three- to five-year period, your unsecured debts will be discharged. You must also complete a credit counseling course before and after filing for Chapter 13 bankruptcy.

We invite you to contact a Chapter 13 lawyer at Rowland & Yauger for a consultation about your legal rights. You can call our office at 910-947-2280 or toll free at 910-722-9717.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.