You work hard every day to make the money that you need for your family. Some days it seems like all you do is work. Yet, when you sit down at the end of the month to pay your bills there is still not enough money to cover all of your expenses.
The stress can be overwhelming. You may feel like you have few, if any, options. You can’t work any harder than you do, and you don’t see any expenses that can be reasonably reduced.
Yet, you may not be without choices. There may be a way for you to lower your debt, and thereby your monthly expenses so that you have enough money to pay your bills at the end of each month. That option may be a Chapter 13 bankruptcy.
Why Chapter 13 Bankruptcy May be a Good Option for Some Minnesota Debtors
You can’t continue to live with the stress of being unable to pay your bills each month. The law recognizes that sometimes people, who earn a regular income, or wage earners, need help. Accordingly, Chapter 13 of the U.S. Bankruptcy Code allows wage earners to file for bankruptcy protection.
A Chapter 13 bankruptcy allows a wage earner to create a repayment plan to deal with outstanding debts. As a wage earner you, together with your Minneapolis bankruptcy attorney, will create a repayment plan. Once that plan is approved by the court, you will pay your debts according to the plan over a 3-5 year period. Your payments will be such that you will have enough money to pay your bills at the end of each month. Then, at the end of the repayment period the debts that were part of your bankruptcy case will be discharged, and you will once again be able to decide where your money will go.
Contact a Minneapolis St. Paul Bankruptcy Lawyer Today to Learn More
If you are having trouble paying your bills, then it is important to contact a Minneapolis St. Paul bankruptcy attorney today to learn more about your legal options. We invite you to contact our experienced Minneapolis bankruptcy law firm today for a free, no obligation consultation. We can be reached at 952.388.2942 or 1.800.619.8991. We also invite you to learn more about your rights and how to end this cycle of owing more than you make each month by reading our FREE book, What You Need to Know About Filing Bankruptcy in Minnesota.