We have had many clients that come into our office that are truly embarrassed that they have gotten themselves into the situation where they need to file for bankruptcy. You know what? Life does happen and it is going to be okay—we are here help you and never to judge you!
Although there are different options when it comes to bankruptcy filing, the decision is ultimately up to you. We have had some clients that want to pay their debt back in full—something we would never push a client into, but is certainly an option that we can help with.
During your Review & Sign appointment we review your credit report and go over the creditors that pulled up and make sure we have included any other creditors you can think of. We preliminarily create a payment plan based upon your credit report and any creditor statements and then have it checked by our Chapter 13 Specialist.
Once we file a chapter 13 bankruptcy, creditors have 70 days to file their claim for the amount of debt that is owed to them by the debtor. Sometimes this amount is different than what the client has seen in statements, but it is within the right of the creditor to file such a claim. The Bankruptcy Code determines the 70-day rule for creditors.
If any debt amounts have changed or additional creditors have filed a claim in your chapter 13 case that reflects a different total debt amount than we originally planned for, we can modify your plan payments to encompass the full amount of debt.
Conclusion
It is completely within your hands to decide if you would like to pay off your debt in full—let Kain & Scott be guiding hands to help you figure out the best way to deal with your debt and to become debt-free! Go now to www.kainscott.com. You will be glad you did!
