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Is Chapter 13 Bankruptcy Right For You?

Chapter 13 bankruptcy is a chapter of the bankruptcy code that allows indebted individuals to restructure their debts. If you are willing to take a long view and want to retain your personal assets, such as your home, vehicles and personal property, Chapter 13 may be the appropriate choice.

At Marberry Law Firm, P.C., we are Chapter 13 bankruptcy lawyers who help people in Urbandale and across Iowa with their debt problems. We provide clients with debt relief services, informing you of your options and representing you wherever necessary. Bankruptcy is nothing to be ashamed of; it can be one of the wisest financial moves you can make when your debts have gotten out of control.

How Does Chapter 13 Help?

Chapter 13 bankruptcy is informally called a restructuring bankruptcy. Unlike Chapter 7, Chapter 13 bankruptcy does not discharge their debts once the paperwork is complete. In Chapter 13, the debts are consolidated and restructured, and you are given a new payment plan.

The new payment plan will typically last five years, and once that is complete, the balance of the debts is discharged. However, that does not mean all the debt you’re facing will find a resolution. There are many debts that bankruptcy will not discharge.

Undischargeable Debts

The bankruptcy code holds explicitly that certain debts must be paid in full. Bankruptcy cannot discharge them. These include student loans, back child support, recent tax debt and other legally induced debts.

However, removing the pressure of your other debts can go a long way toward resolving those not impacted by bankruptcy.

You Have Options. We Have Experience.

Your financial situation may feel like a significant weight on you, and you deserve help and care. That’s what we offer. We’re here to walk with you through the bankruptcy process as your attorneys and confidantes and get you to financial freedom. Call 515-989-6794 or send an email using this form to get started.

Our firm is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.