Making a Budget for Chapter 13

by DeLadurantey Law Office, LLC on September 10, 2010

When you have been granted Chapter 13 bankruptcy protection, it is important that you observe the budget that has been established in order repay your debts. It is possible to develop a plan that will work for you, and it is critical to do so because the failure to abide by the terms of the bankruptcy plan can result in the dismissal of your case and may prevent you from again seeking bankruptcy for a considerable period of time.

Debts and Repayments

Chapter 13 allows you to repay your debts and over time to become debt free. There are several steps that the DeLadurantey Law Office, LLC, can help you take in order to prepare a bankruptcy budget. These may include:

  • Writing down goal budget
  • Keeping track of actual spending
  • Determining long-term income
  • Prioritizing expenses
  • Using credit counseling
  • Saving for unexpected events

Help preparing this budget will be invaluable to your financial security in the future. Being granted Chapter 13 can make a huge difference in your long-term financial stability.

If you are preparing to file for Chapter 13 bankruptcy protection, it is advisable to consult with a skilled and experienced attorney about your situation so that you can go through the process as painlessly as possible. Contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.

 

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