Chapter 13 bankruptcy provides debt relief for hundreds of thousands of Americans each year. While Chapter 13 has grown in popularity, many people know very little about this type of bankruptcy.
In brief, Chapter 13 bankruptcy allows filers to create a debt repayment plan. While filers make reduced monthly payments on their debts, they are usually allowed to keep their homes, cars, and other valuable items.
Some of the basic features of Chapter 13 are listed below, in our Chapter 13 bankruptcy FAQ section:
While each bankruptcy case is different, many bankruptcy filers have similar questions about the debt relief process. Frequently asked questions about Chapter 13 include:
The questions listed above highlight only a few of the common concerns many filers have. Part of the difficulty of creating a general Chapter 13 bankruptcy FAQ is that bankruptcy laws vary by state.
When seeking information on local bankruptcy rules, many filers prefer to speak with a local bankruptcy lawyer before filing their claim.
To connect with a bankruptcy attorney in your area today for a free consultation, you can simply fill out the form below: