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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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 -
Knowledgeable and Courteous
“Mr. Ronke provided excellent service. He put my mind at ease and made me feel comfortable during the entire process. Eric was easy to communicate with and explained each step in detail - I never felt ...”
- Pam I -
Highly recommend!
“Erik is very knowledgeable, helpful, down to earth great attorney. Highly recommend!”
- Sarah F. -
Eric and his team are WONDERFUL!!!
“Eric and his team are WONDERFUL!!! Make the whole process easy and understanding! They always got right back to me when I would call or Email them! They all definitely went above and beyond. Thanks so much Eric, Maria and Mackenzie and anyone else on the b”
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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. -
Prompt, Professional, & Personable
“If any individuals were ever in our situation and had to make this decision as well, I would without a doubt refer them to Eric.”
- Client -
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. -
Very helpful at all times!
“Eric and his staff take the time to listen to understand and listen to your situation! Very helpful at all times!”
- Terry R. -
What a relief.
“Great service! They were knowledgeable and made me feel comfortable. I would definitely recommend Ronke Law.”
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Someone You Can Trust
“I would highly recommend Eric for any legal assistance you may need.”
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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. -
Great Attorney
“Great to work with. Always available to answer questions. Great Attorney”
- Chris W. -
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. -
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. -
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. -
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. -
If you need a great bankruptcy lawyer, than I would definitely recommend Ronke Law, PLLC!
“Eric and his staff are very professional and took care of me during a very difficult time of my life. If you need a great bankruptcy lawyer, than I would definitely recommend Ronke Law, PLLC! Thanks again Eric for the easy process of filing bankruptcy and”
- Andrew S. -
Ronke Law is the full experience!
“You have chosen the right place! Thank you Eric for your stellar service hands down the best experience!”
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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. -
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”
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Written by Eric J. Ronke
