A man from Muncie, Indiana met with Geraci Law Attorney Thomas Barbour. His paycheck was garnished by an old medical bill. Because of the deduction, he fell behind on rent and utilities. He needed the garnishment stopped immediately. After a thorough review of his options, the client decided a Chapter 13 repayment plan was in his best interest.
Attorney Anthony Shull quickly filed his Chapter 13 bankruptcy petition. Geraci Law attorneys agreed to file his case for no-money down. Notice was sent to his payroll to stop the garnishment immediately and the man’s 5-year Chapter 13 repayment plan began.
His Chapter 13 plan included over $22,000 in debt. After filing, notice was sent to creditors for the opportunity to file a proof of claim. After the deadline to file a claim passed, only one creditor filed.
This means instead of a five year plan, his debt will be discharged in approximately 18 months. Do not be scared off by a repayment plan. Not all Chapter 13s work like his but Geraci law can figure an affordable plan for you to pay the debt.