Chapter 13
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a court-supervised plan to pay your debts. Sometimes it’s a plan to pay them in full, sometimes just pay part.
If you are behind on your house payment and you want to save your house, then you’ll want to file Chapter 13. Chapter 13 gives you five years to catch the house up.
If the tax collector is pressing you too hard, you might want to file Chapter 13, to freeze the balance and pay the taxes.
Chapter 13 can be your best choice if you have too much equity in your house to file a Chapter 7. And you can be stuck in a payment plan in Chapter 13 if your income is too high to get approved for a Chapter 7 bankruptcy.
During our Zoom consultations, we’ll see if there’s a reason Chapter 13 makes sense for you and estimate what payment the court will approve. We’ll aim to budget very carefully, so the plan the court will approve is also a plan you can afford.
Here I have tips on Success in Chapter 13.
Our Practice Areas
All We Do is Bankruptcy Law
Chapter 7
In Chapter 7 you list the debts you just can’t pay.
Your credit score will go up and debts—credit cards, loans, medical bills, repossessions—go away.
Knowledgeable and Kind
Next, we’ll gather more details and talk a second time.
Chapter 13
We look at Chapter 13 if there’s a special reason Chapter 7 won’t work for you.