How Is Chapter 13 Bankruptcy Different?

How Is Chapter 13 Bankruptcy Different?

Perhaps you are under a mountain of debt. Maybe you've been fighting this losing battle for months, maybe even years, selling off retirement accounts and other assets just to survive. It is a painful situation, but you are not alone in your struggles. Many people have had to face bankruptcy, and with our help, they come out on the other side in a better place.

The Law Offices of James T. Marasco can help you through all of the paperwork and filing requirements in the Chapter 13 bankruptcy process, representing you at the bankruptcy court hearings and representing you in negotiation with your lenders if necessary. Our goal is not simply to get your debts discharged through bankruptcy; that's just the start. We want to set you up for a brighter better future that includes long-term financial freedom.

Set Yourself Up For A Brighter Future

Bankruptcy tools allow people to take control of their financial situations. Because Chapter 7 requires you to meet certain financial resource requirements as well as asset forfeiture, a Chapter 13 filing may be the only way to take back control of your debts.

Chapter 13 allows for restructuring of your debt; this means creating a repayment plan that allows you to retain possession of your property. This is sometimes favorable because with Chapter 7 bankruptcy, your home and vehicles may be liquidated to pay the debts.

Rhode Island is a state with tight quarters and close communities. We want our neighbors to move past the difficult financial situations they have lived through. Attorney James Marasco has over 30 years of experience working with people in Providence, Warwick, Middletown and Narragansett, to build better solutions for their bankruptcies. Contact us today online or by calling 401-421-7500.

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