Chapter 13 Bankruptcy Lawyer in Sioux Falls
Effective Bankruptcy Representation in Your Time of Need
The second most common type of bankruptcy in the U.S. is Chapter 13, or the “wage earner’s” filing. This type of bankruptcy is common among those who have enough income to create a plan to repay part or all of the debt they owe. In Chapter 13 bankruptcy, you create a repayment plan and pay monthly installments to your bankruptcy trustee over a three- to five-year period. The trustee will distribute those payments to your creditors. You will have no further direct contact with your creditors, who also will be prohibited from any further collection attempts.
Ready to discuss your financial situation? Call Ronke Law at (605) 250-9988 for a free consultation.
The Ins & Outs of Chapter 13
An advantage of Chapter 13 is that it provides an opportunity to avoid foreclosure on your home. Under this plan, you can halt foreclosure proceedings and make up your back-mortgage payments over time. Another advantage is that you can reschedule other secured debts and pay them over three to five years, which could reduce the payments.
To be eligible for Chapter 13, both your secured and unsecured debt must be less than specified amounts set by the government. You must also demonstrate to the court that you have a steady source of income that will cover both your monthly household expenses as well as your required payments under your repayment plan.
While Chapter 13 bankruptcy is not available for businesses, as an individual you can pay business-related debts in this plan if you are personally responsible for them. You may also be able to pay past-due debts such as income taxes, child support, and alimony over time.
Your monthly payments will be determined by:
- The amount of your debt
- The types of debt you owe
- Your income
- Your expenses
At the end of your Chapter 13 repayment plan, whatever debt remains on the plan will generally be discharged.
Schedule a Free Consultation Today
At Ronke Law, we can review your financial situation to help you determine if Chapter 13 is right for you. We have helped hundreds of individuals get a fresh start and find relief from the overwhelming debt they faced. Our Chapter 13 bankruptcy lawyer in Sioux Falls can carefully review your case and help you take the right step forward.
To discuss your eligibility and needs with our firm, request a consultation through our online contact form or call (605) 250-9988.
Client reviews
People Matter Most
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A Conscientious and Authentic Attorney
“If you are going through legal situations where you are not sure to turn, I definitely would encourage anyone to talk with Eric at Ronke Law.”
- Client -
Thank You!
“Did a really great job for my family. Made the process very quick and painless. Thank You!”
- Robert M. -
Professional Relationship
“Not only does he focus on his clients personal needs but spends additional time networking to grow his business relationships to help further serve his clients.”
- Brandon S. -
Highly recommend!
“Erik is very knowledgeable, helpful, down to earth great attorney. Highly recommend!”
- Sarah F. -
I highly recommend them!
“Eric and Maria were so professional and responsive to any questions I had! They really made this process so easy and never made me feel bad about having to file for bankruptcy. I highly recommend them! Thank you Eric for everything!”
- Cynthia D. -
Eric and his assistant are great to work with, they both have been very on top of communication during such a stressful process.
“Eric and his assistant are great to work with, they both have been very on top of communication during such a stressful process. I felt at ease knowing that he is so experienced and knowledgeable in Bankruptcy, the process may have had some road blocks but”
- Kristen R. -
Great for people that need assistance with payments.
“Great for people that need assistance with payments.”
- Lisa P. -
Honest, Trustworthy, Sincere, & Knowledgeable
“I appreciate how he explains things to me so I feel "in the know" with the situation and not intimidated.”
- Cristal -
He was very thorough and had great follow through and communication
“He was very thorough and had great follow through and communication”
- Letty P. -
Someone You Can Trust
“I would highly recommend Eric for any legal assistance you may need.”
- Jay -
I would highly recommend Ronke Law
“I could not be happier with the time it took to get my legal matters cleared up and how responsive the staff to acknowledge my concerns, I would highly recommend Ronke Law”
- Charles C. -
A very positive experience.
“A very positive experience. I would recommend Eric without hesitation. He prepared a trust for me with a timeline that made me feel like he valued my business and made me a priority. At a very reasonable rate. If you’re looking for personal service f”
- Dan J. -
Diamond In The Rough
“Eric, was amazing very responsive when I had questions. Explained the whole process upfront with everything.”
- Joshua S. -
Exactly What Is Needed
“Eric is a very professional lawyer. He educates and guides you in a compassionate way through your legal process.”
- Judy A. -
Compassionate & Understanding
“He is compassionate and understanding of your situation if you're filing for Bankruptcy, he is excited and your biggest supporter when getting your LLC set up, and when it comes to your will and trust he listens to whats most important to you”
- Kyle J. -
Highly recommend.
“Always ready to help.”
- Vesna S. -
Eric offers better financial options than the other lawyer we met with and opportunities to help build our credit back
“My husband and I had decided to file for bankruptcy and it wasn't an easy decision to make. We had worked really hard to get where we were at. We met with two different lawyers and out of the two Ronke Law was the better fit for us. Eric and his staff were”
- Lindsay M. -
Everyone is nice and informative in the office!
“Everyone is nice and informative in the office! Would recommend them to everyone I meet”
- Dan T. -
Amazing!
“Eric answered all of our questions. He was very easy to get a hold of. You spoke directly to him, not to a secretary that passed on the information. He handled our needs quickly. We will definitely be doing business with him in the future.”
- Shawn G. -
He kept me informed every step of the way!!!
“He will forever be my go lawyer if I ever need court assistance in the future.”
- Joshua S.
Ronke Law
Why We're The Best Choice For You-
Quality Service With an Attorney Who Cares
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720CreditScore.com Services after Bankruptcy
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Payment Plans Available
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Free In-Person Consultations
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Services Available in English & Spanish
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Work Directly With the Attorney
Download our complimentary book,
"Rebuilding Your Life After Bankruptcy"
Written by Eric J. Ronke
