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Information on chapter 13 bankruptcy law of the United States Bankruptcy Code is frequently referred to as a “wage earner” chapter, although it is available to individuals with regular income from any source, not just wages.
Are you in need of a Chapter 13 Bankruptcy Lawyer? Contact a Chapter 13 Bankruptcy Lawyer in your area to find out all your legal options and rights today!
Under Chapter 13 – 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 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 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.
Are you in need of a Chapter 13 Bankruptcy Lawyer? Contact a Chapter 13 Bankruptcy Lawyer in your area to find out all your legal options and rights today!
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