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
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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. -
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. -
I would highly recommend Eric Ronke and Ronke Law.
“I would highly recommend Eric Ronke and Ronke Law.”
- David S. -
Someone You Can Trust
“I would highly recommend Eric for any legal assistance you may need.”
- Jay -
What a relief.
“Great service! They were knowledgeable and made me feel comfortable. I would definitely recommend Ronke Law.”
- Jennifer -
Stellar Communication
“He is extremely professional and I would highly recommend him to anyone needing legal advice.”
- Raine -
Very Smooth Process
“Was a very smooth process to set up an LLC. It really has paid off to have it all filed correctly and was able to bring up other start-up questions that are good to go over ahead of time.”
- John H. -
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. -
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. -
Diamond In The Rough
“Eric, was amazing very responsive when I had questions. Explained the whole process upfront with everything.”
- Joshua S. -
I highly recommend Eric at Ronke Law!!
“If anyone is starting or looking to switch a business over to an LLC, I highly recommend Eric at Ronke Law!!”
- Mark J. -
They made the whole process seamless
“They are very efficient and was always there with a quick response to answer any questions I had. They made the whole process seamless”
- Karen R. -
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. -
He was very thorough and had great follow through and communication
“He was very thorough and had great follow through and communication”
- Letty P. -
Great for people that need assistance with payments.
“Great for people that need assistance with payments.”
- Lisa P. -
Eric Does a Fantastic Job!
“If you need any legal advice/assistance with estate planning, bankruptcy or business law, call Ronke Law!!”
- Katherine H. -
Great Attorney
“Great to work with. Always available to answer questions. Great Attorney”
- Chris W. -
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. -
The Most Authentic Person You Could Have as Your Attorney
“He is the one attorney who is willing to listen, explain, and educate on the best course of action for your trust, business, and bankruptcy needs.”
- Dan O.
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Written by Eric J. Ronke
