An experienced advocate ready to help with Chapter 13

The number 13 is often considered unlucky; for those struggling with debt in Southaven, though, 13 may prove to be a positive number. Residents seeking a solution to their financial challenges may find it in Chapter 13 bankruptcy, which helps individuals put a lid on mounting debt and effectively tackle existing debt.

How does Chapter 13 benefit local residents? Chapter 13 has the ability to both reduce and eliminate debt. In many cases, filing for Chapter 13 allows a debtor to get a handle on debts by agreeing to a repayment plan. The period of repayment lasts three to five years; in that period the debtor can start to establish a solid history of making timely, complete payments. At the conclusion of the repayment period, the remaining debts can often be discharged. Additional benefits of Chapter 13 including keeping one's home and keeping other items of personal property. Chapter 13 can also put an end to threats of garnishment, repossession and even foreclosure.

While Chapter 13 brings many benefits, especially for those who have a steady income, navigating the process can be confusing. An experienced Mississippi bankruptcy attorney can help a debtor understand if Chapter 13 is right for them, learn more about the requirements of the repayment plan and determine which debts might be discharged at the end of repayment. In addition, a local bankruptcy lawyer can walk a person through the paperwork and deadlines inherent in the process.

From consultation through repayment, a bankruptcy attorney can serve as a valuable guide to those in need of debt relief. More information can be obtained by contacting the law firm of Heidi S. Milam, Attorney at Law, PLLC for a consultation.

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Southhaven, MS 38671

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