Serving Clients Throughout South Mississippi For Over A Decade

Filing For Chapter 13 Bankruptcy In Mississippi

I am Nicholas T. Grillo, and as a personal bankruptcy lawyer, I founded my law firm in Hattiesburg to provide legal debt relief services and advice for clients throughout southern Mississippi who are contemplating filing for bankruptcy. As a Chapter 13 bankruptcy attorney at Grillo Law Firm, I can help you understand your debt relief options and stop foreclosure actions against you.

What Is Chapter 13 Bankruptcy?

In Chapter 13 bankruptcy proceedings, a debtor will be able to keep their assets and property but will focus on dedicating disposable income to the repayment of debts over a specific period of time (usually within three to five years). Chapter 13 bankruptcy can be a good option for a debtor who has a regular income but needs support and assistance taking control of their debt. Chapter 13 bankruptcy will create a repayment plan for secured debts and prioritize unsecured debts. Upon the successful completion of your payment plan obligations, nonpriority unsecured debts, like credit card bills, medical bills or utility bills, will be discharged.

What Is The Difference Between Chapter 13 And Chapter 7 Bankruptcy?

In a Chapter 7 bankruptcy filing, your unsecured debts, like credit card and medical bills, will be discharged immediately. In Chapter 7 bankruptcy, a trustee will collect money from any sellable assets and coordinate debt repayment between your creditors. In the state of Mississippi, in order to file for Chapter 13 bankruptcy, you must have a regular and predictable source of income and also some available disposable income to allocate toward debt repayment. In Chapter 13 bankruptcy, you will have more control over your assets and your financial obligations through specific repayment plans, and nonpriority unsecured debts will still be discharged.

How Can A Bankruptcy Lawyer Help?

A debt management attorney can help analyze your financial situation and assess your assets and debts. An experienced bankruptcy lawyer will be able to help you determine if a Chapter 7 or a Chapter 13 bankruptcy filing is better suited for your specific financial situation and circumstances. I understand that there are a lot of questions and concerns about filing for bankruptcy, and I want to help you alleviate the stress involved in getting control over your debt.

Stop Foreclosure. Consult A Chapter 13 Bankruptcy Attorney Today.

If you are overwhelmed by debt and worried about losing your house, call me, a personal bankruptcy lawyer, today. I offer free initial consultations to answer your questions and discuss your options free of charge. To schedule your free appointment, contact my office at 769-447-3647 or send me an email using my online form.

We are a debt relief agency. We help people file for relief under the Bankruptcy Code.