A chapter 13 Repayment Bankruptcy is a GREAT OPTION for may people in financial trouble today. You may be eligible for Chapter 13 bankruptcy if you have a steady source of income.. Following successful completion of the repayment plan, remaining eligible debt is discharged.
The Advantages of Chapter 13 Bankruptcy
When you file for Chapter 13 bankruptcy protection, you have the opportunity to repay your debts in the manner that is BEST FOR YOU. This process allows you to use future income to repay your creditors and keep your property.
Chapter 13 Bankruptcy is often used to assist people who are behind on their homes. It gives you the ability to keep your home! Chapter 13 also allows for a full investigation to be completed to determine if your payments have been inappropriately applied to your mortgage.
The Repayment Plan
Most Chapter 13 plans are five years in length. This allows you time to nibble away at debt and not have to pay it all off at once. Repayment plans are based on many factors and are designed to allow you to take control of your finances not to be a burden on your budget.
Time Is of the Essence
Don’t wait! The sooner you make contact with us with questions and concerns about your situation the sooner you can move on.