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Secured Debt Relief Through Chapter 13 Bankruptcy

Many individuals and families have fallen behind on their financial obligations during the recent troubling economic developments. Unfortunately, many of these families earn incomes or own homes and assets exceeding the limitations for Chapter 7 bankruptcy, leaving them with fewer options for relief. When seeking debt relief options, especially options that allow you to keep your home or the bulk of your assets, the guidance of an experienced Lincoln Chapter 13 bankruptcy lawyer can be invaluable in helping you find results.

At the Law Office of Paul W. Rea, I leverage more than 25 years of bankruptcy experience to provide detailed Chapter 13 advice to individuals and families throughout the Lincoln, southeastern and central Nebraska areas. My knowledge of the Chapter 13 process allows me to offer detailed and insightful guidance to clients seeking to relieve the stresses caused by overwhelming debt, stop foreclosure proceedings or create an affordable debt repayment plan that increases the chances of staying current on bills and obligations.

Detailed Chapter 13 Guidance

Chapter 13 bankruptcy, often referred to as reorganization bankruptcy, allows for the creation of an affordable repayment plan for your secured and “priority” unsecured debts. Lasting between three and five years, the repayment plan allows you to catch up on past due bills and obligations. Upon completion of the repayment plan, your remaining/dischargeable unsecured debt is discharged, leaving you with a clean slate and a fresh financial outlook.

The Chapter 13 process is invaluable in cases where your income or assets disqualify you for Chapter 7, or in situations involving real estate or other assets you wish to protect.

The process can be especially effective for individuals and families “under water” on long-standing automobile loans and certain second mortgages on real estate as it allows for the renegotiation of your loan amounts and provides an outlet to maintain possession of your assets.

Schedule A Free Consultation With Me

To schedule a free consultation to discuss your Chapter 13 bankruptcy concerns and to learn if the program is right for you, please call 402-858-1308 or toll free 866-698-0225 or contact my office online today.


The Law Office of Paul W. Rea is recognized as being a debt relief agency under 11 U.S.C. Sec. 528. This office helps people file for bankruptcy relief under the Bankruptcy Code.