Chapter 13

Chapter 13 bankruptcy is a reorganization of your finances under the supervision of the courts. It is filed by individuals who want to pay off their debt, have disposable income to pay a percentage back to their creditors, or who’s annual income is greater than their state’s median income. This will all be determined when the Mean test has been completed. The debtor would then pay the trustee each month for approximately 3-5 years before the debts are discharged. Your bankruptcy attorney will sit down with you and go over you finances to determine what your chapter 13 plan will be, and will then submit it to the courts for approval. To determine if chapter 13 bankruptcy is the right option for you, call us today, or feel free to fill out our bankruptcy evaluation form and we will contact you at the time you request. Are attorneys are here to answer your questions, and find the option that is right for you.