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The Advantages of Filing a Chapter 13 in Topeka, KS

When people are in danger of losing their homes or other property, they often look to filing some form of bankruptcy for help. In general, the best type of bankruptcy to keep a person from losing the home is the filing of a Chapter 13 bankruptcy. An attorney who helps clients to file a chapter 13 in Topeka, KS lets them know all of the advantages they will get with a Chapter 13 bankruptcy. Here are some of these advantages of filing a Chapter 13 bankruptcy.

Advantages of Filing a Chapter 13 Bankruptcy

A Chapter 13 bankruptcy is one where the debtor is granted a reorganization of the debts and given a period of about three to five years to repay the debts based on what the court determines. There are many advantages that a debtor gets with filing this type of bankruptcy, such as having flexibility when dealing with the creditors. Filling chapter 13 in Topeka, KS will allow the debtor to arrange a method of taking care of the arrears on a home, thereby being able to keep it. This applies to other property too, such as a car.

More Advantages of Filing a Chapter 13 Bankruptcy

In a Chapter 13 bankruptcy, it is possible the debtor will not have to pay all of the claims that are outstanding, and it can be set up that the debtor’s car payments are not as much as was being paid. The Chapter 13 bankruptcy will allow the debtor to pay child support and taxes in a way that is more comfortable for the debtor. Finally, the debtor might not have to pay all of the fees upfront to the attorney handling the case.

An Attorney to Help with a Chapter 13 Bankruptcy

Many lawyers are available to help debtors find a viable resolution for their debts through a Chapter 13 bankruptcy. Joe Wittman is an attorney who helps debtors with Chapter 13 bankruptcies and other financial solutions in the Topeka area. If an individual is in debt and in need of an attorney for a chapter 13 in Topeka, KS, the attorney is available and can be reached via his website Website Domain.