Good News: There's a Smart Alternative to Chapter 7!
Are you considering bankruptcy but concerned about the upfront costs of Chapter 7? I'm excited to share a solution that might be perfect for your situation: a Below Median Chapter 13 bankruptcy.
Many people believe Chapter 7 is their only option, but a Below Median Chapter 13 offers significant advantages for those who need immediate relief but can't manage the upfront costs of Chapter 7. Here's why this might be your financial fresh start:
Unlike Chapter 7 that requires full payment upfront, you can begin your Below Median Chapter 13 bankruptcy with just $500 down. This means immediate protection from creditors without the stress of coming up with a large lump sum when you're already financially stretched.
Your bankruptcy costs are spread out over time with manageable payments of approximately $150 per month. This works with your budget, not against it.
As a below-median income debtor, you have the freedom to choose either a 3-year (36-month) or 5-year (60-month) plan based on what works best for your financial situation. This flexibility allows you to create a repayment plan that fits your specific needs.
From the moment we file your case, the automatic stay goes into effect - stopping collection calls, wage garnishments, and foreclosure proceedings. You'll gain peace of mind right away, not when you've saved enough for Chapter 7.
While the total cost of a Below Median Chapter 13 is slightly higher than Chapter 7, the end result is the same: a discharge of qualifying debts and a fresh financial beginning. The difference is simply in how you pay for it - in small, manageable amounts over time rather than all at once.
The structured payment plan of Chapter 13 can help establish positive financial routines that will serve you well after bankruptcy. Think of it as financial training wheels while you rebuild.
If you're struggling to save the upfront costs for Chapter 7 but need relief now, a Below Median Chapter 13 could be your answer. Let's schedule a time to discuss your specific situation and determine the best path forward for your financial future.
Remember: Financial challenges are temporary, but the fresh start you gain through bankruptcy can last a lifetime. Let's take that first step together with just $500 down.
Here's to your financial fresh start,
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