The new bankruptcy laws enacted in October, 2005, had the affect of making more people file for Chapter 13 relief, rather than Chapter 7 debt elimination. Filing for chapter 13 bankruptcy allows people to compile all of their debt, including government tax debt and student loan debt, into a debt repayment plan. It is an excellent option for people who have a heavy student loan or government-backed debt burden, or who don’t qualify for Chapter 7 under the new laws.
At the law office of Robert B. Jacquard, Esq., we help people restructure their debt burden and save many dollars in interest and penalty payments that would otherwise accrue over the lifetime of the debt. We have helped many people save homes from foreclosure by filing for Chapter 13 debt relief. We can help you, too.Chapter 13 is not like a nonprofit consumer credit repayment plan that only works with some credit card companies.
All of your debt – for all of your creditors – can be included.
Chapter 13 debt relief allows you to:
- Develop a credit card repayment plan
- Save your home from foreclosure
- Include all debt, including tax debt and student loans in the repayment plan
- Stop the harassing phone calls
- File for Chapter 13, even if you have filed Chapter 7 within the last eight years
- Save many dollars in interest and accrued penalties
- Keep your credit rating more respectable than a Chapter 7 filing
When you the law office of Robert B. Jacquard, Esq. for a free consultation, we will be able to quickly assess whether or not it will be beneficial for you to file for bankruptcy.