Chapter 13 Bankruptcy

A chapter 13 bankruptcy is for individuals with regular income and involves paying all or part of your debt through installments over a period of time, which may be 3 to 5 years depending on your income, your debt, and various other factors. A discharge in a Chapter 13 is generally entered at the end of the life of the payment plan, and your debts are generally discharged except for domestic support obligations, most student loans, certain taxes, most criminal fines and restitution obligations, and other types of debts set forth in the bankruptcy code.

Through a Chapter 13 bankruptcy you may be able to

• bring your mortgage payments or car payments current
• "strip off" a completely unsecured mortgage (no equity / value in the home to "secure" that mortgage)
• bring child support payments current
• pay tax obligation
• pay property-settlement obligations on better terms
• stop sheriff sales and wage garnishments from most creditors
• protect assets that would otherwise not be protected in a Chapter 7
• pay certain secured debts on better terms

A debt relief Agency Helping People File For Bankruptcy Under The Bankruptcy Code
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