Chapter 13 CREATING PEACE OF MIND

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
  • 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.
  • 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.
  • 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.
  • We would definitely recommend him to others.

    “Mr. Ronke answered all of our questions throughout the process and knew exactly how to help us through it. We would definitely recommend him to others.”

    - Judy N.
  • 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.
  • 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.
  • 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.
  • 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.
  • I Would Recommend Eric to Anyone

    “Eric is great at his job and made my wife feel comfortable with discussing uncomfortable topics so that our family is protected in the event one of us or both of us should leave this earth. I would recommend Eric to anyone.”

    - Scott
  • 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.
  • 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.
  • 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.
  • 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.
  • 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
  • Eric was fantastic as was his staff!

    “Eric was fantastic as was his staff! I would recommend him to anyone and everyone. Thank you Eric, you are awesome!!”

    - Sarie L.
  • 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 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”

    - Nikki H.
  • Eric gets back to me fast.

    “Eric gets back to me fast. Answers all my questions timely. It was very apprectiated.”

    - Melvin V.
  • 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.
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Ronke Law

Why We're The Best Choice For You
  • Quality Service With an Attorney Who Cares
  • 720CreditScore.com Services after Bankruptcy
  • Payment Plans Available
  • Free In-Person Consultations
  • Services Available in English & Spanish
  • Work Directly With the Attorney
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Download our complimentary book,
"Rebuilding Your Life After Bankruptcy"
Written by Eric J. Ronke

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