BANKRUPTCY UPDATES

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Chapter 13 Bankruptcy

The Chapter 13 Bankruptcy Breakdown

Of the two main types of personal bankruptcy, Chapter 13 bankruptcy generally offers the broadest, most sweeping protections for you and your property. 

Chapter 13 works with the courts to consolidate, order and, in some cases, reduce your debts. Then, instead of juggling your bills and creditors, you will make one monthly payment to your court-appointed trustee who will handle all of your creditors.

This process may put a stop to foreclosure, repossession, lawsuits and creditor harassment. For the duration of your repayment plan, typically 3-5 years, you'll have the breathing room and protection that allow you to eliminate your debt.

Chapter 13 may be a good option for those who:

• Have debt that is the result of a temporary financial setback, like a job loss, injury or illness.
  
• Own lots of property - such as houses, land, cars, professional equipment - that they want to entirely protect.
• Have steady, regular income with which to make payments to their trustee.
  

If you are ready to start moving towards debt elimination with Chapter 13 bankruptcy, speak with a local bankruptcy attorney. If you want more information about how Chapter 13 bankruptcy works, check out the free resources on this page.

• Chapter 13 Bankruptcy Basics An overview of Chapter 13 bankruptcy and how it works.
• How Chapter 13 Bankruptcy Can Stop Foreclosure Chapter 13 bankruptcy can stop foreclosure proceedings, and help you keep your home. Learn how.
• Chapter 13 Bankruptcy Timeline Step-by-step account of what happens when filing Chapter 13 bankruptcy.
• Chapter 13 Fees - Fees vary from state-to-state, but you can get a general idea of the costs associated with filing bankruptcy.
  

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.

To get specifics on filing bankruptcy and how it may help you get control of your debt and your life, speak with a local bankruptcy lawyer.

Just complete the form on this page or call, toll free, 877-349-1309 and we'll put you in touch a bankruptcy lawyer near you.