Oklahoma City Chapter 13 Bankruptcy
Reorganize Your Debt for a Fresh Start
At McBride & Associates, we know that financial stress can be incredibly overwhelming, especially if you do not have a solution at hand to get out of debt. If you have been unable to pay your bills and falling further behind, our experienced Oklahoma attorneys can help you to understand the options which are available to you for debt relief.
With 20 years of experience in this area of law, Chapter 13 bankruptcy in Oklahoma City is one of the most common and effective forms of debt relief we offer to our clients.
Is Chapter 13 Bankruptcy Right For You?
Chapter 13 bankruptcy is one of the most beneficial and useful options to consider, as it gives you the opportunity to reorganize your debt and establish a workable payment plan.
If you have a regular source of income, this allows you to pay your unsecured debts at a more manageable level and timeline. Additionally, if you choose to file for Chapter 13 bankruptcy, an automatic stay is issued which helps to prevent collection attempts.
An automatic stay can help if you are facing the following:
- Home foreclosure
- Wage garnishments
- Creditor harassment
If you are struggling to keep afloat due to your overwhelming debt, you may benefit from Chapter 13 bankruptcy.
How Long Is a Chapter 13 Payment Plan?
Chapter 13 bankruptcy consists of a payment plan which you make payments on for 3 to 5 years. Your payments are supervised by the Federal Bankruptcy Court and you are typically allowed to keep all of your belongings and property so long as you cooperate.
In some cases, parts of your debt may be lessened or consolidated to allow you to make manageable payments. We are a debt relief agency serving clients in Oklahoma City & Edmond. We help people file for bankruptcy relief under the Bankruptcy Code.