Chapter 13 Bankruptcy
In a chapter 13 bankruptcy you pay your creditors a percentage of what you owe them for a period of time and the remainder of what you owe them is discharged at the completion of the plan. You must pay on your debts for between 3 and 5 years.
The chapter 13 bankruptcy will help you catch up on your house payments, if you are behind, so that you can save your house. The chapter 13 bankruptcy is for people who have a higher income and still need to file bankruptcy or those who are behind on payments but want to keep their assets.
Filing for chapter 13 can be an important tool to eliminate or restructure debt.
A personalized consultation with attorney Heather Moseman or her staff will determine which form of bankruptcy chapter 7 or chapter 13, will best solve your financial problems.