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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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. -
Thank You!
“Did a really great job for my family. Made the process very quick and painless. Thank You!”
- Robert M. -
Great Attorney
“Great to work with. Always available to answer questions. Great Attorney”
- Chris W. -
Eric Made My Bankruptcy Easy & Less Stressful
“Eric made my bankruptcy easy and less stressful. He walked me through all of the steps needed and always answered all of my questions. I would recommend him to any of my friends/family!”
- Carly K. -
Diamond In The Rough
“Eric, was amazing very responsive when I had questions. Explained the whole process upfront with everything.”
- Joshua S. -
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. -
Eric gets back to me fast.
“Eric gets back to me fast. Answers all my questions timely. It was very apprectiated.”
- Melvin V. -
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. -
What a relief.
“Great service! They were knowledgeable and made me feel comfortable. I would definitely recommend Ronke Law.”
- Jennifer -
Never Felt Rushed or Forced into Making Decisions Without Knowing All the Facts
“Eric takes the time to make sure you understand everything and what is to be expected from the very beginning.”
- Amanda W. -
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. -
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. -
Highly recommend!
“Bankruptcy can be a VERY intimidating and overwhelming load to overcome. Eric made it so much easier. He was there every step of the way. Anytime anything popped up that worried me, he was fast to reply and let me know it's all normal and part of the deal.”
- Tom A. -
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 -
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 -
Ronke Law is the full experience!
“You have chosen the right place! Thank you Eric for your stellar service hands down the best experience!”
- Cristal K. -
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. -
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. -
Gives Sound Advice That Has Guided My Decision Making
“Eric is one the few lawyers I have enjoyed talking to and gives sound advice that has guided my decision making.”
- Jordan V.
Ronke Law
Why We're The Best Choice For You-
Quality Service With an Attorney Who Cares
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"Rebuilding Your Life After Bankruptcy"
Written by Eric J. Ronke
