Chapter 13 Bankruptcy

In a Chapter 13 case you file a “plan” showing how you will pay off some of your past-due and current debts for a period of three (3) years. It can be up to five (5) years if you need more time. Here are some examples of when a Chapter 13 can help you.

  1. If you own your home or car and you are behind in your payments because of money problems you can actually force your mortgage company or finance company to allow you time to catch up.
  2. If you have valuable property you can use a Chapter 13 to protect your property from creditors which you cannot protect in a Chapter 7.

WARNING! Consult with an experienced consumer lawyer so you can explain your unique circumstances to her or him. The information contained in this report and in the audiotape is general information only. Everyone’s situation is different.