Chapter 13 Bankruptcy
Like chapter 7 bankruptcy, chapter 13 helps eliminate debt and get a fresh start. With chapter 13, you can stop home foreclosure and vehicle repossession. You will reorganize debt into a three to five year repayment plan. After you complete the plan, most remaining debt is discharged and you can move on with your life.
At Abelmann Peterson, we examine debts and available assets to thoughtfully counsel and guide you to a solution. If bankruptcy is right for you, we will help you file and represent you at trustee hearings and in front of the bankruptcy judge.
Keeping Assets in Chapter 13 Bankruptcy
With help from lawyers Rick Abelmann and Lars Peterson, filing for bankruptcy does not have to be a life-altering process. After paying off a portion of what you owe creditors through the payment plan, your unsecured debt will be gone, and you can keep your home and car.
Chapter 13 bankruptcy is generally for individuals with higher income and secured assets such as homes and cars that they want to keep.
Stop Creditors ∙ Stop Foreclosure ∙ Stop Repossession
The day you file for chapter 13 bankruptcy, creditors are legally required to stop calling and sending you letters. Chapter 13 stops foreclosure on your home and repossession of your car. Located in Honolulu, we serve clients throughout the islands. For a free consultation, contact us online or call 808.589.1010 to schedule an appointment with a Hawaii bankruptcy attorney.