Washington D.C. Chapter 13 Bankruptcy Attorney

Lawyer Helping Restructure Debts With Chapter 13 Bankruptcy in Washington D.C.

The cost of living in Washington D.C. is much higher than the national average. If you find yourself under a mountain of unmanageable debt in the nation's capital, you are not alone. You can continue struggling, hoping that you will be able to make ends meet. A better alternative may be to you can say "enough" and regain control of your finances by filing for bankruptcy.

If you are considering this path to debt relief, you need to trust your lawyer implicitly to give you sound counsel and guidance. You can count on Bloc One Services, LLC to provide the exceptional legal representation you need at a price you can afford. Attorney Hope Blocton has the necessary financial acumen, focused legal knowledge, and skills to help you make the best debt relief decisions based on your unique circumstances. Many law firms say that they can help you, but ours is the only one that can give you Hope for a fresh start.

Addressing Common Concerns Regarding Filing for Bankruptcy in Washington D.C.

Many people are uncomfortable with the thought of filing for bankruptcy for various reasons. Some may be unsure about whether they qualify or whether different types of debts can be eliminated through bankruptcy, or they may worry that they will be required to turn over most of the property they own. If you choose Chapter 13, you can receive relief from your debt without losing your assets.

Particularly in places like Washington D.C., you probably do not want anyone to learn that you have filed for bankruptcy. Your filing will appear on some background checks, and it will be a public record. However, most people probably will not learn about your filing, because few will be searching bankruptcy records.

A big concern for many people is the impact that bankruptcy may have on their credit score. Your credit score will take a hit, but it may not be as bad as you think. In all honesty, your score has probably already dropped due to late or missed payments and a high debt-to-income ratio. A Chapter 13 bankruptcy will remain on your credit report for seven years, but the negative effects should diminish well before it is removed.

You may have other concerns and questions, and we welcome them. We want you to be fully informed so you can make a wise decision.

Chapter 13 Bankruptcy Advantages

One of the primary advantages of filing for bankruptcy is the automatic stay. Your creditors will receive this court order that puts a stop to most adverse actions taken against you, such as garnishments, foreclosures, calls demanding payment, and repossessions.

Having to make too many payments every month is probably at the root of your current financial difficulties. During your Chapter 13 case, you will work closely with Attorney Hope Blocton to develop a repayment plan. After examining your income, expenses, and other relevant factors, you will decide on an amount that you can realistically afford to pay every month toward your debts. If the court approves your plan, you will make a single payment for the specified amount to the bankruptcy trustee.

Each debt included in your filing will be prioritized and compiled into a list. Secured debts, for example, are paid before unsecured debts. You will be required to make payments toward your repayment plan for three to five years. The trustee will disburse your payments according to priority. Some of your creditors will likely receive only a portion of the balance you owe. As long as you fulfill your bankruptcy obligations, including mandatory credit counseling, any remaining balances will be fully discharged.

Call Our Washington D.C. Chapter 13 Bankruptcy Lawyer

When you need debt relief now, there is no reason to wait to contact Bloc One Services, LLC. You can test the waters during your complimentary consultation. Call 240-200-0076 or send us a message today.