BANKRUPTCY UPDATES

• Monk's Personal Bankruptcy Case Gets Stranger (February 01, 2012)
• Bankruptcy Filings by Big Companies Falls by 17 Percent (January 26, 2012)
• Wrigley Field Rooftop Building Sold in Bankruptcy Auction (January 27, 2012)
• Former Flying Wallenda Files for Chapter 13 bankruptcy (January 31, 2012)
• Green Fuel Developer Evergreen Energy Files for Bankruptcy (February 03, 2012)

Chapter 13 Bankruptcy

Stop Foreclosure & Take Control of Debt through Chapter 13

Chapter 13 was designed to stop to foreclosure, repossession, wage garnishments, lawsuits and creditor harassment.

A Chapter 13 bankruptcy allows a filer to consolidate, prioritize, repay, and, in some cases, reduce or eliminate old debts while receiving the powerful protection against creditors that the bankruptcy court provides.

Instead of dealing with multiple creditors and bills, Chapter 13 creates a single repayment plan that is managed by the court.

Is Chapter 13 right for you? Receive a free case evaluation by a bankruptcy attorney in your area by filling out the form below. Take action today to find help.

Filing Chapter 13 - What's Involved?

Millions of Americans file bankruptcy each year, and many of those filers opt of Chapter 13. This type of bankruptcy is designed for those with a regular source of income looking to protect their property from aggressive creditors and repay their debts over time.

Once your bankruptcy petition is filed with the court, you'll work with a trustee to devise a debt repayment plan based on what you can actually afford each month.

The duration of your bankruptcy repayment plan typically lasts three to five years.

During this time, bankruptcy's automatic stay allows most people to stay in their home and keep their possessions. After filing bankruptcy, creditors are legally prohibited from contacting your or threatening you any longer.

Should I File Chapter 13 Bankruptcy?

Thousands of Americans each month turn to Chapter 13 to help them take control of their financial situation.

Unlike Chapter 7 bankruptcy, which only lets certain people file, most are allowed to file bankruptcy under Chapter 13.

If you can relate to any of the points below, it may be time to examine the Chapter 13 bankruptcy option:

• Are you behind on paying your bills and are looking for extra time to repay them?
• Are you facing foreclosure and want to keep your home?
• Are you facing repossession and what to keep your car in bankruptcy?
• Are you struggling with debt as a result of a temporary financial setback, like a job loss, injury or illness?
• Do you regular income so you can make the lower, interest-free monthly payment required under Chapter 13?

If any of the above situations sound familiar, consider speaking with a local bankruptcy attorney about Chapter 13 bankruptcy.

If you want more information about how Chapter 13 bankruptcy works, check out these free resources:

• Chapter 13 Bankruptcy Basics - An overview of Chapter 13 bankruptcy and how it works.
• How Chapter 13 Bankruptcy Can Stop Foreclosure - Chapter 13 bankruptcy was designed to STOP foreclosure.
• Chapter 13 Bankruptcy Timeline - Step-by-step account of what happens when filing Chapter 13.
• Chapter 13 Fees - See what the Chapter 13 bankruptcy fees are required by the U.S. Bankruptcy Courts (note: these fees DO NOT include attorneys fees, which may vary depending on your state and the complexity of your case).

Talk to a Bankruptcy Lawyer About the Chapter 13 Option

When the bills keep piling in, it can feel like you’re just spinning your wheels in debt. Chapter 13 bankruptcy may help you get back on track.

Learn the specifics on filing for bankruptcy under Chapter 13 and how it may help you get control of your debt and your life.

Speak with a local bankruptcy lawyer today — simply fill out our bankruptcy evaluation form below.

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