Chapter 13 Bankruptcy

Chapter 13 Bankruptcy is reorganization of your debt

Our attorneys help you develop a repayment plan of your debts over a 3-5 year period, giving you time to pay off your debts. This is not an immediate discharge of debt like with Chapter 7, but a way to pay your creditors and possibly save your home from foreclosure.

Advantages of Chapter 13 Bankruptcy:

• Chapter 13 will stop foreclosure and allow you to catch up mortage payments over time.
• Stop lawsuits, garnishments, even tax levies to get back in control of your finances
• Automatic stays are broader ranged and include co-debtors
• You keep non-exempt property
• Some debts that are not covered in a Chapter 7 may be reduced in a Chapter 13 such as tax penalties and fraud charges.
• Allows you to pay as much as you can on your debts, and "do the right thing."

Chapter 13 does require "priority claims" such as recent tax bills and child support to be paid in full.

If you decide you wish to pay off your debts, or do not qualify for Chapter 7 bankruptcy, our staff can help you determine what kind of monthly payment you can afford and help you file your payment plan with the courts.