Chapter 13 Bankruptcy Law

How To File Chapter 13

Filing Chapter 13 Bankruptcy offers debtors with steady income a way to reducing their unsecured debt, establishing reasonable monthly payments and saving a home from foreclosure.

Can Chapter 13 Save Your Home?

For homeowners struggling with their mortgage payment, chapter 13 bankruptcy law offers powerful tools for lowering mortgage principle and even stripping a second mortgage.

More on Chapter 13

Is Chapter 13 Worth It? | What Happens in Chapter 13? | Discharging Unsecured Debt in Chapter 13

Chapter 13 bankruptcy law of the United States Bankruptcy Code is frequently referred to as a "wage earner bankruptcy" chapter, although it is a bankruptcy debt relief form available to individuals with regular income from any source, not just wages.

Under Chapter 13 bankruptcy plan – You can usually keep your property, but you must earn wages or have some other source of regular income and you must agree to pay part of your income to your creditors. The court must approve your repayment plan and your budget. A chapter 13 trustee is appointed and will collect the payments from you, pay your creditors, and make sure you live up to the terms of your repayment plan.

Successful Bankruptcy Strategies:

• Re-Payment Schedule
• Financial Budgets
• Timely Payments

Bankruptcy Law Is A Federal Law. This Sheet Gives You Some General Information About What Happens In A Chapter 13 Bankruptcy Case. The Information Here Is Not Complete. You May Need Legal Advice. An experienced and knowledgeable Chapter 13 Bankruptcy Lawyer can help you understand the process and the legal options you have to protect.