The former interior designer for Dr. Phil recently retracted a Chapter 13 bankruptcy filing that she had filed in November 2010. The designer claims that she was forced to do so because of a financially-draining legal battle that she is currently involved in against Dr. Phil.
Under Chapter 13 bankruptcy, people are able to create a payment plan to pay off their debt without having to auction off their assets. The designer’s lawyers said that the legal team of Dr. Phil placed so many financial strains on the designer that she was unable to create a plan to pay off her debt.
By retracting her Chapter 13 bankruptcy filing, the designer will remain in debt during her legal battle with Dr. Phil.
If you or someone you love is facing financial trouble and would like more information on what the benefits are of filing for Chapter 13 bankruptcy, please contact the Birmingham Chapter 13 bankruptcy lawyers of Greenway Bankruptcy Law, LLC, at (205) 324-4000.