Have You Fallen Behind on Your House or Car Payments?
Any large, unexpected expense can make it hard to keep up with your regular bills like your mortgage and car payments. Often that unexpected expense is a medical bill. According to the American Journal of Medicine, over 60 percent of bankruptcies are linked to medical bills.
At the Holly Schumpert Law Office in Memphis, Tennessee, I help clients who are worried about losing their house or car explore alternatives, including Chapter 13 bankruptcy, that can help them protect their property.
Call me, Attorney Holly Schumpert, if you are in this situation and need help getting caught up. You can reach me at 901-201-5938 or
Get More Affordable Payments
Chapter 13 bankruptcy, sometimes called a wage earner plan, is designed to help individuals who have a steady income but have found themselves unable to pay their bills. Debt is restructured and a repayment plan is created to allow you to pay back some or all of the debt over an extended period of three to five years. Often you can negotiate better terms than you contracted for, and sometimes your debt does not have to be paid dollar for dollar, resulting in payments that are more affordable.
Chapter 13 Bankruptcy is a longer, more involved process than Chapter 7 Bankruptcy, generally taking five years from start to finish. However, it might be the best solution if you want to keep your home and car. Chapter 13 bankruptcy is the most frequently filed chapter of bankruptcy for people who owe the IRS for taxes that were from recent years. A Chapter 13 bankruptcy, in most cases, allows the debt to be frozen during the case, no longer accruing penalties and interest. Upon discharge of the case, the debtor's IRS debt is resolved and no longer owed, either by payment or discharge.
Goal-Oriented Bankruptcy Services
If you are considering bankruptcy, it is important to select a lawyer who not only understands the law, but also understands your individual circumstances. I take the time to review your information with you and to develop a personalized solution for your debt problems. It is important to understand what you owe, whom you owe, what you are trying to save, and what your personal goals are before making any recommendations.
To schedule a free consultation, contact me online, or call my office at 901-201-5938 or
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
