It may seem like your child’s pet hamster that continuously runs on its wheel is making more progress than you. You wake up each morning and go to work. You work hard at your job and sacrifice other things, such as time with your family, in order to keep your job. Yet, the money that you bring home is simply not enough to pay your bills. The creditors are calling your house, the collection agencies may be making threats, and you simply don’t know where to turn.
A Hennepin County Bankruptcy Lawyer May Help You Stop the Wheel and Get Ahead
There may be a way that you can satisfy your debts and even start to get ahead again financially. Chapter 13 of the Federal Bankruptcy Code allows people with regular incomes, or wage earners, to file for bankruptcy protection. When you file for Chapter 13, you will keep your assets. Instead of selling assets to satisfy your debts, you will develop a repayment plan. The repayment plan will be paid over a 3-5 year period and leave you with enough money to live on each month. At the completion of the repayment plan period, your eligible debts may be deemed satisfied and you may be able to keep more of your money each month.
Contact a Minneapolis Bankruptcy Attorney for More Information
The time to take action is now. Don’t spend another night worried about how you are going to pay your bills. Instead, please contact one of our experienced Hennepin County bankruptcy attorneys today at MN (952) 920-1001 or AZ (480) 207-2203. We also encourage you to read our FREE book, What You Need to Know About Filing Bankruptcy in Minnesota, for more information about Minnesota bankruptcies.