Chapter 13 Bankruptcy

Chapter 13 bankruptcy is a critical tool for those seeking debt relief and financial stability. At Martin Law Group, our seasoned bankruptcy attorneys assist clients with Chapter 13 bankruptcy matters, providing comprehensive support for individuals, couples, and unincorporated business owners across Virginia, D.C., and Maryland.

What is Chapter 13 Bankruptcy?

Chapter 13, often termed a “wage earner's reorganization,” is a legal process enabling debtors to restructure their finances, repay debts, and safeguard assets over 3-5 years.

This is a good option for individuals who (1) don't qualify for Chapter 7 bankruptcy or (2) wish to prevent foreclosure on their homes.

Our services in this practice area include:

Filing and Petitioning

We help clients prepare and file bankruptcy petitions, including schedules of assets, liabilities, income, and expenditures, as well as executory contracts and financial statements.

Legal Representation

Our attorneys represent clients at crucial proceedings like the First Meeting of Creditors and hearings for plan confirmation.

Repayment Plan Creation

We work with debtors to craft reasonable repayment plans that fit their financial capabilities and obligations.

Plan Modification

If circumstances change during the Chapter 13 process, we help modify repayment plans accordingly.

Chapter 7 Conversion

If necessary, we guide clients through the process of converting to a Chapter 7 bankruptcy.

Benefits of Chapter 13 Bankruptcy:

Debt Repayment: Through structured repayment plans, debtors can repay from 10% to 100% of their debts over time, depending on circumstances.
Asset Protection: Chapter 13 helps prevent foreclosures, repossessions, and asset seizures, allowing debtors to retain their homes, cars, and other vital assets.
Creditor Relief: Filing under Chapter 13 halts creditor actions such as wage garnishments, utility shut-offs, and car repossessions, offering immediate relief from financial pressures.
Legal Protection: Debtors benefit from the automatic-stay provision, which shields them from creditor harassment and collection activities during the bankruptcy process.

Why Choose Martin Law Group?

With over four decades of experience in handling intricate bankruptcy and litigation cases, our firm boasts a wealth of experience with Chapter 13 bankruptcies. We understand the nuances of bankruptcy law and tailor our approach to each client's unique situation, ensuring effective legal strategies and favorable outcomes.

If you're facing financial hardship, overwhelming debt, or foreclosure threats, our attorneys are here to guide you towards a brighter financial future.