Chapter 13
Helping you repay your debts over time without losing your hard-earned assets
Chapter 13 Bankruptcy Attorney In Wyoming & Colorado
What Is A Chapter 13 Bankruptcy?
If you’ve fallen behind on your mortgage or car payments, Chapter 13 bankruptcy can help you stop foreclosure, keep your vehicle, and even reduce your car payments in some cases. Depending on your situation, you may qualify for a repayment plan that allows you to pay only a portion of your total debt while keeping your home, car, and other property.
Chapter 13 can also help with certain debts that other options can’t, such as unpaid parking tickets that have caused your driver’s license to be suspended. Filing may give you the opportunity to have your license reinstated and get back on track financially.
To make the most of the protections available under Chapter 13, it’s important to work with an attorney who understands the process and can guide you through it step by step. Rendy Lemke has helped individuals across Wyoming and Colorado use Chapter 13 to regain control of their finances and move toward a more stable future. Contact Lemke Law Offices today to schedule your consultation.
Call Lemke Law Offices at 307-800-3284 to schedule a consultation with a lawyer today.
How Do I Qualify for a Chapter 13 Bankruptcy?
To qualify for Chapter 13 bankruptcy, you must have a regular and reliable source of income—enough to make consistent payments as determined by the court. This income doesn’t have to come from employment; Social Security, disability benefits, unemployment payments, retirement income, or rental income can all count toward eligibility.
Certain individuals, however, are not eligible for Chapter 13 relief. Stock or commodity brokers, as well as corporations, cannot file under Chapter 13. Sole proprietors and self-employed individuals may qualify as long as their debts fall within the limits set by law. Generally, if your repayment plan can be completed within three to five years and you meet the means test requirements, you are likely eligible.
Rendy Lemke can review your financial situation before you file to help you determine whether Chapter 13 is the right choice for you. Contact Lemke Law Offices today to get started on the path toward financial recovery.
What Happens During a Chapter 13 Proceeding?
Before filing for Chapter 13 bankruptcy, you’ll first need to show that you qualify through the means test. Once eligibility is established, filing will immediately stop foreclosures, wage garnishments, repossessions, lawsuits, and other creditor actions.
Next, you’ll work with Rendy Lemke to develop a repayment plan tailored to your financial situation. The court must review and approve this plan to ensure it’s proposed in good faith and that unsecured creditors will receive at least as much as they would under a Chapter 7 filing. The plan must also dedicate all of your disposable income—meaning the income left after covering necessary living expenses—toward repayment.
The process can be complex, but with Rendy’s guidance, you can move through it with clarity and confidence. To begin taking control of your financial future, contact Lemke Law Offices today.
Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.
Have Bankruptcy Questions?
If you’re unsure where to start or just need clear answers about bankruptcy, Rendy Lemke is here to help.
Call Lemke Law Offices at 307-800-3284 today for a conversation about your next steps.