Q What Does Chapter 13 Bankruptcy Do?
If you're facing foreclosure, Chapter 13 may be perfect for you.
Chapter 13 is a type of bankruptcy that helps people get out of debt while protecting assets like your house or car. If you're behind on payments, this chapter allows you to stop a foreclosure or repossession.
Filing Chapter 13 allows you to make affordable monthly payments over a period of three to five years. The payments are determined based on your unique financial situation and the property you want to save. The payments are set up to be realistic for you and your family.
At the end of the repayment period, you will be caught up with your mortgage payments and able to start again debt-free.
If you're behind on your mortgage and need help, or if you're facing foreclosure and don't want to lose your house, give our office a call. Castle Law Office has been handling bankruptcies for Kansas City clients from more than 14 years. If you need the fresh start bankruptcy can provide, call us today at 816-842-6200 to speak with an attorney. Or click here to email us and schedule your free consultation.