Should I file Chapter 13 bankruptcy?
- Repayment plan based on what you can afford to pay i.e. the difference between your income and expenses.
- Lasts for a fixed period of time (3 years minimum & 5 years maximum) at which point the remaining unpaid unsecured debts get discharged i.e. your liability goes away (Ask your personal Attorney about this).
- Good for those who have debts that must get repaid; mortgage arrears, property taxes (assuming you want to keep that home), back taxes, child support arrears, vehicle loans (assuming you want to keep the vehicle) attorney’s fees, etc.
- Good for those who believe they will incur more debt.
- Don’t lose non-exempt assets.
- Credit suffers until you get the Chapter 13 discharge.
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Lund, Kain & Scott, P.A.
13 7th Avenue S
St. Cloud, MN 56301-4259
Phone: 320-252-0330
Toll-free: 800-551-3292
Lund, Kain & Scott, P.A.
315 East River Road
Brainerd, MN 56401
Phone: 218-822-3300
Centralized Mailing:
13 7th Avenue S
St. Cloud, MN 56301-4259
www.lundkainscott.com
www.monticellobankruptcy.com
www.brainerdbankruptcy.com
www.stcloudbankruptcy.com
Areas Served
Serving the Bankruptcy needs of the St Cloud Area, the Northwest Metro, and Outstate MN
Lund Kain Scott P.A. is a firm of 3 attorneys specializing in Bankruptcy, Chapter 7 and Chapter 13 throughout the St Cloud Area, the Northwest Metro, Monticello, Brainerd and Outstate MN.