Chapter 13

Reorganize your debts. Reshape your future.

The biggest advantage of Chapter 13 bankruptcy is the potential to save your home from foreclosure. When you file a Chapter 13 case, some of your debts are reorganized into one single payment, which may lower your monthly payments. The repayment plan is then paid out in installments over a 3-to-5-year period. You may be able to lower mobile home and car payments, reduce credit card debt, medical bills, back income taxes, and other unsecured debt. Individuals with a regular income who can start paying back their debts are eligible to file a Chapter 13 case.

I am offering a FREE consultation so that you can thoroughly understand your options. I will personally take your call to explain the bankruptcy process and costs so you can make an informed decision for your future.

What is Chapter 13 Bankruptcy?

Also called Wage Earner’s Bankruptcy, Chapter 13 reorganizes some debts into a single payment and sets up a repayment plan for individuals with a regular income.

How does Chapter 13 bankruptcy work?

I will help you file a case that includes a list of your debts and properties, as well as your monthly living expenses and tax information. Then, a repayment plan must be submitted. Your assets will be safeguarded from repossession or foreclosure and collection calls will stop. A trustee will handle repayments to creditors.

What happens to your home in Chapter 13 bankruptcy?

If you are behind on your payments, a Chapter 13 bankruptcy may help you save your property by temporarily stopping a sale and giving you up to 60 months to pay back the past due balance or possibly a lower balance on your debt in addition to requiring the lender to let you resume your regular monthly payment. You must file a bankruptcy case BEFORE the Court sells your property for the bankruptcy to possibly help.

Filing bankruptcy is not only a complicated matter but a time-sensitive one. It is best done with the help of a trusted attorney. Call me today for more information and a FREE consultation. We’ll talk through your specific situation and I will give you honest answers and outline your best options.