Chapter 13 Bankruptcy Attorney in Wildwood
When you need to choose your chapter 13 bankruptcy attorney in Wildwood, you want to know that they have got you covered in your complicated position. You want to see that they understand where you’re coming from and can help you navigate the tricky waters that are before you. That is precisely what you’ll find here at Teague & Associates, LLC. Our team has been in business for years helping clients just like you when it comes to filing chapter 13.
What is Chapter 13?
In basic terms, this is for those clients who are still earning income and need to reposition their debt to pay for it properly. Perhaps you’re still working, but you’re not making as much as you once were. In other cases, you may be dealing with more debt than you can pay at once due to a spouse’s loss of income. Whatever the case may be, chapter 13 filing allows you to work on paying your debt off but removes the harassing calls from creditors.
Can You Keep Your Home?
In most cases, yes. Chapter 13 filing will actually stop the foreclosure process and make it to where you can pay your home payment again. However, late payments are never allowed when dealing with a bankruptcy filing. You must always pay on time, or your home can go back into foreclosure.
Does It Clear All Debt?
No. There are still some debts that you’ll be responsible for that bankruptcy will not cover. Those include items such as alimony support, child support, taxes, or student loans. These will still be items you must take care of.
If you’re in a tight financial situation, call our office today to speak with one of our chapter 13 bankruptcy attorney in Wildwood representatives. Simply call (314) 899-4499 today to find out how you can schedule your appointment.