What is Chapter 13 bankruptcy? A Chapter 13 filing can be an effective way for people to get back on their feet.
Chapter 13 basically gives filers a chance to repay many of their debts over time (and often interest-free) while under the protection of the bankruptcy court.
But what happens when a filer is unable to continue making payments according to the repayment plan? That's where Chapter 13's hardship discharge comes in.
Essentially, the hardship discharge allows a Chapter 13 bankruptcy filer to cancel his or her bankruptcy case and repayment plan because of financial circumstances beyond his or her control. These are the specific criteria a filer must meet in order to qualify for a Chapter 13 hardship discharge:
If you're interested in learning more details about the hardship discharge in Chapter 13 bankruptcy or determining whether you might qualify for a Chapter 13 hardship discharge, please fill out this form to speak with a bankruptcy lawyer.