Knowledgeable Minnesota Chapter 13 Lawyers
Attorneys at Bassford, Hanvik & Pyles, P.A., provide Chapter 13 Bankruptcy representation for businesses and individuals facing financial difficulty. We work closely with our clients to determine whether Chapter 13 Bankruptcy best suits their needs.
If you could not qualify for Chapter 7 Bankruptcy because your income was too high, you may qualify for Chapter 13.
Chapter 13 bankruptcy is a debt repayment plan. The plan allows you to pay back debts with little or no interest, no fines, and over a longer period of time. You must follow the details of the repayment plan. Upon completion of all payments, you are released from any remaining dischargeable debt. You will also find that during the process of paying your debts, your credit has begun to recover.
In some circumstances, Chapter 13 will allow you to stop foreclosure proceedings against you and allow you to save your home. Contact us to speak with Minnesota bankruptcy attorneys.
Who May File for Chapter 13 Bankruptcy?
If you have a regular monthly income, you can file a Chapter 13 Bankruptcy. Chapter 13 may be a good option for people who:
- Don't qualify for a Chapter 7 because of income
- Filed a Chapter 7 within the past eight years
- Have valuable nonexempt property that would be lost in a Chapter 7 case
- Have substantial debts that are not dischargeable under Chapter 7
Skilled Minnesota Attorneys Can Help Prepare Repayment Plan
In order to move forward with a Chapter 13 bankruptcy, you must have a court-approved repayment plan. These plans are difficult to negotiate because banks and creditors are unwilling to spend the time to listen to your concerns. You need a lawyer who can work with creditors to negotiate terms that are favorable to you and allow you repay your debt, including mortgage debt if you are losing your home.
The experienced bankruptcy attorneys at Bassford, Hanvik & Pyles, P.A., are effective at negotiating terms for your repayment that lower or eliminate your current high interest rates. Our attorneys are knowledgeable in dealing with Chapter 13 trustees.
Competent, Stress-Free Bankruptcy Assistance
Our attorneys will help you understand the Chapter 13 Bankruptcy. We will assist in the filings and represent you throughout the bankruptcy process. Contact the bankruptcy attorneys at Bassford, Hanvik & Pyles, P.A., for your free initial consultation.
Bassford, Hanvik & Pyles, P.A.
4725 Excelsior Boulevard,
Suite 402,
St. Louis Park, MN 55416
Phone: 952-285-1811
Fax: 952-285-2881
Map and Directions
Bassford, Hanvik & Pyles, P.A. serves clients throughout the Twin Cities Metro Area, including in Minneapolis, St. Paul, Bloomington, Eden Prairie, Edina, Golden Valley, Hopkins, Minnetonka, Plymouth and St Louis Park; and in Hennepin County and Ramsey County, Minnesota.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
