Understanding Chapter 13 Bankruptcy

The recent downfall in the economy has caused hardships on many Americans. Whether the loss of a job, medical emergency, a divorce or another situation has caused financial distress, it is important to know that you do have options for debt relief. Do not delay; speak to a lawyer today about the benefits of bankruptcy.

Thesenvitz & Mickelson, LLP, is committed to helping those in need of financial relief throughout Sioux Falls and the surrounding areas in South Dakota. We represent individuals in consumer bankruptcy, in Chapter 7 and Chapter 13 bankruptcies.

Our bankruptcy practice is led by attorney Rick Mickelson. He has spent more than 20 years specifically in bankruptcy law, and is highly knowledgeable of the requirements and procedures involved. He takes time to listen to his clients' goals and achieve favorable outcomes in an efficient manner.

What Is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy is a reorganization where the bankruptcy court determines a manageable monthly payment that spans a three- or five-year period. At the end of that period, the remainder of your unsecured debt will likely be discharged.

If you make over the median income for your geographic area, you may only qualify for Chapter 13. It is important to know that the law will determine which chapter you have to file. Based on your debts (such as credit card debt), income and other factors, an attorney can inform you of your legal options. Call our firm today at 605-610-4524 to speak directly with a lawyer.

Contact Our Chapter 13 Bankruptcy Attorneys In Sioux Falls

Many of our bankruptcy clients feel an extraordinary weight lifted from their shoulders as soon as they file bankruptcy. Contact our firm today to find out the benefits to bankruptcy. We can be reached via email or phone at 605-610-4524 or 888-883-0761. Please bring the following documents to your consultation so that we have the information necessary to answer your questions: copies of the most recent six months of pay-stubs from all employers; a listing of the most recent six months of income from any sources besides your job; a listing of your total monthly income; a listing of your monthly payroll deductions; and a listing of your monthly expenses.

This law firm is a debt relief agency and we help people file for bankruptcy relief under the bankruptcy code.