Understanding The Chapter 13 Process: What To Expect

Bankruptcy involves much more than filing paperwork. It's important to seek professional guidance so you can navigate the process confidently.

At Wootton & Wootton, P.C., we're committed to walking you through the process step-by-step, making it as easy and stress-free as possible. Here is a general outline of what to expect in Chapter 13 bankruptcy:

  • First, you'll sit down with one of our attorneys during a free initial consultation. You will explore your options for getting out of debt and learn whether Chapter 13 bankruptcy is right for you.
  • If you decide to move forward, we will file the bankruptcy papers on your behalf. We can do this as swiftly as you need — even within a day or two. If you are in a hurry, we can offer options for no money down in Chapter 13 filings.
  • Once the papers are filed, you will benefit from all the protections of bankruptcy such as freedom from creditor harassment and collection efforts.
  • After preparing a repayment plan, you will begin making a single, affordable monthly payment toward your debts.
  • You and your lawyer will attend a bankruptcy meeting with the trustee and any creditors that show up. We will prepare you well in advance for this meeting so you know what to expect.
  • The repayment plan typically stays in place for three to five years. Once you have completed it, all of your remaining eligible debts will be wiped away, and you will have a clean financial slate.

What If Your Situation Changes?

The affordable monthly payment you owe today might no longer be affordable down the road. Life can throw you any number of curve balls — such as a job loss, new medical condition or divorce — that make it necessary to reexamine your payment plan.

At our firm, we are your attorneys through the entire Chapter 13 process — from the initial filing until the completion of your payment plan. If changed circumstances make it a hardship for you to continue making payments under the current plan, we can walk you through your options. You may be able to get a modification or convert to a Chapter 7 bankruptcy, for example.

Get Started

We invite you to contact us at 919-794-8660 for your free, no-obligation consultation. We have convenient offices in Durham and Henderson, North Carolina.