Chapter 13 Bankruptcy
Bankruptcy
A structured plan to protect your assets and catch up on debt
Chapter 13 bankruptcy can offer a practical way to regain control over mounting debt. Some debts may be reduced or eliminated, while others are paid over time. This type of bankruptcy allows individuals and families to reorganize their financial obligations, protect important assets, and move forward with a clear, manageable plan.
Chapter 13 bankruptcy helps you restructure your debts into three to five year plan with a single monthly payment. During this time, some debts may be reduced or eliminated, past-due balances can be caught up, foreclosure and repossession efforts are stopped, and you keep your home, vehicle, and other assets.
Filing for Chapter 13 may be right for you if you have regular income, want to protect your home or vehicle, do not qualify for Chapter 7, need time to catch up on missed payments, or prefer a structured plan to resolve debt over time.
Reach out for a free consultation to see if Chapter 13 makes sense for you.