Debt Relief Through Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a financial tool that can be used by people who are struggling to make ends meet. If you have a regular income, you may be eligible for chapter 13. Under this type of bankruptcy, you will develop a repayment plan that will allow you to repay your debts over time. Once you have successfully completed the repayment plan, any remaining eligible debt will be discharged. This option can be a great way to get back on track financially. If you are struggling with debt, talk to an attorney to see if chapter 13 bankruptcy is right for you.
The Advantages of Chapter 13
Chapter 13 bankruptcy is one of the options available to individuals who are struggling with debt. Under Chapter 13, debtors are given the opportunity to repay their creditors in a manner that is best for them. This process allows debtors to use future income to repay their creditors and keep their property. Chapter 13 is an important option for individuals who are struggling with debt, and it can help them get back on their feet. 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.