You have the option of filing for Chapter 7 or Chapter 13 bankruptcy. Many people prefer Chapter 7 bankruptcy, because it allows you to get out of debt in just a few months. However, Chapter 13 bankruptcy may be the best option for you. There are several reasons that you will need to file for Chapter 13 bankruptcy.
Discharge Your Debt
Chapter 13 bankruptcy allows you to repay your debts over the course of three to five years. The remaining balance may be forgiven after this time period. This means that you will be able to save a lot of money.
Keep Your Home
Chapter 13 bankruptcy attorney in Tulsa, OK is the best option if you want to keep your home. It allows you to catch up on the payments that you have missed. This is why you will likely be able to save money.
Looks Better on Your Credit
Both Chapter 7 and Chapter 13 bankruptcy look bad on your credit. However, Chapter 13 bankruptcy looks better on your credit, because it shows that you made an effort to pay off your debt.
Consolidate Debts
It can be difficult for you to manage your debts when you have to make multiple payments per month. However, Chapter 13 bankruptcy allows you to consolidate your debts. This will make it easier for you to manage your payments. Your
Chapter 13 bankruptcy attorney in Tulsa, OK can help you manage your payment plan.
If you need a Chapter 13 bankruptcy attorney in Tulsa, OK, contact Matthew E. Riggin, LLC.
