Chapter 13 Is The Wage Earner's Bankruptcy

We Can Help You Take Control Of Your Debt

Are collection calls making it impossible to answer your phone? Do you make too much money to qualify for Chapter 7, but are still having trouble paying your bills? Do you have equity in your home or a second mortgage? Owe back taxes or child support? Chapter 13 bankruptcy is a process that allows you to take control of your debt by reorganizing it into a manageable repayment plan.

At Bristle & Yi Law, PLLC, we focus on providing meaningful debt relief to people who are struggling with debt in Manassas and the surrounding area. Attorney Joanne Yi can help you resolve current debt issues while focusing on your goals for the future. She always provides realistic and experienced advice you can rely on to make decisions that will affect your life.

What Should You Know About Chapter 13 Bankruptcy?

As with any bankruptcy filing in Virginia, the court will put an automatic stay in place, immediately prohibiting creditors from continuing collecting on your existing debt. This temporary injunction halts foreclosure proceedings, wage garnishment and other activity during bankruptcy. More importantly, it gives you the relief you need to stop the debt cycle.

Are you in financial distress because of overwhelming mortgage payments? Bankruptcy does not prevent you from working with your lender toward modification.

The repayment plan is the center of Chapter 13 bankruptcy. Under the plan, you make a single monthly payment for a period lasting three to five years. A court must approve the proposed plan based on several factors, which is why it is so important to disclose all aspects of your financial situation to your lawyer.

When you successfully complete the repayment plan, most or all of your remaining unsecured debt is discharged. Regular payments for loans that are secured by property you wish to keep, like your home or your car, will resume based on the original or modified terms.

Talk To Our Lawyer For Free To Learn More About Your Options For Relief

This is only a general description of the Chapter 13 process. Schedule a free initial meeting with our lawyer to understand your debt relief options based on your individual financial situation. Contact us by calling 703-278-2027 or sending us an email.

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