Chapter 13 Bankruptcy
Repay Your Debt & Protect Your Assets
If you're struggling with debt but have a steady income, Chapter 13 bankruptcy can help you regain control of your finances without losing your home, car, or other assets. At Miranda Linton Williford Attorney At Law, PLLC, we help individuals in Corinth, Southaven, and surrounding areas create manageable repayment plans to get back on track and achieve financial stability.
What is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy, also known as a “wage earner’s plan,” allows you to restructure your debt into a manageable repayment plan over 3 to 5 years. Instead of eliminating debt immediately like Chapter 7, Chapter 13 helps you catch up on payments while keeping your assets.
✔ Stop foreclosure and keep your home
✔ Consolidate debts into one affordable payment
✔ Lower interest rates on certain debts
✔ Stop creditor harassment and wage garnishments
✔ Catch up on missed mortgage or car payments
How Chapter 13 Can Help You
✔ Protect Your Assets – Unlike Chapter 7, Chapter 13 lets you keep your home, vehicle, and other valuable property.
✔ Lower Monthly Payments – Your debts are restructured into a single, manageable payment.
✔ Stop Foreclosure & Repossession – Filing immediately halts foreclosure and car repossession efforts.
✔ Eliminate Some Debt – Certain debts may be reduced or discharged after completing your plan.
Who Qualifies for Chapter 13?
To be eligible, you must:
✔ Have a steady income to make structured payments.
✔ Have unsecured debts below $465,275 and secured debts below $1,395,875 (as of recent federal limits).
✔ Be up-to-date on tax filings.
Not sure if you qualify? We offer free consultations to assess your situation and determine the best path forward.
At Miranda Linton Williford Attorney At Law, PLLC, we understand that financial difficulties can be overwhelming. Our firm provides compassionate, judgment-free legal support to help you create a plan that works for your future. Call
(662) 286-9796 today for a FREE consultation and let us help you take the first step toward financial freedom!
Ready for a Fresh Start?
Fill out the form below, and we’ll contact you to discuss your options. Your consultation is free, confidential, and judgment-free.
FAQ's
Answers to Your Most Common Questions
What is Chapter 13 bankruptcy?
Chapter 13 bankruptcy is a debt reorganization plan that allows individuals with a steady income to repay their debts over 3 to 5 years. Unlike Chapter 7, which eliminates most debts immediately, Chapter 13 helps you catch up on missed payments while keeping your home, car, and other assets.
How does Chapter 13 protect me from foreclosure?
Once you file, the automatic stay immediately stops foreclosure proceedings. Chapter 13 allows you to catch up on missed mortgage payments over time, preventing foreclosure as long as you continue making payments.
Do I have to pay back all my debt in Chapter 13?
Not necessarily. Some debts may be reduced or discharged after your repayment plan is completed. Unsecured debts (like credit cards and medical bills) may only require partial repayment, or in some cases, none at all.
How much will my monthly Chapter 13 payment be?
Your payment amount is based on your income, debts, and necessary living expenses. We’ll work with you to create a manageable repayment plan that fits your budget.
What debts are included in Chapter 13?
Chapter 13 helps you restructure and repay:
✔ Mortgage arrears (missed payments)
✔ Car loans
✔ Credit card debt
✔ Medical bills
✔ Personal loans
✔ Some tax debts
Will filing Chapter 13 stop wage garnishments and creditor harassment?
Yes! Filing for Chapter 13 immediately stops wage garnishments, lawsuits, repossessions, and creditor calls through the automatic stay.
Can I still buy a house or car during Chapter 13?
It is possible, but you will need court approval before taking on new debt. The court will consider whether you can afford the new loan while maintaining your repayment plan.
How long does Chapter 13 bankruptcy stay on my credit report?
Chapter 13 remains on your credit report for 7 years, but you can begin rebuilding your credit as soon as you start making on-time payments under your plan. Many people qualify for loans and credit cards before their bankruptcy is even removed.
What happens if I miss a Chapter 13 payment?
Missing payments can put your case at risk of dismissal. If you experience financial hardship, we can help you request a modification or temporary suspension of payments in certain situations.
How do I know if Chapter 13 is right for me?
If you have a steady income and need to catch up on debts while keeping your property, Chapter 13 may be the best solution. If you don’t qualify for Chapter 7 or have assets you want to protect, Chapter 13 allows you to repay your debts in a structured, manageable way.