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casesWhat is Chapter 13 Bankruptcy?
The most important thing about a chapter 13 case is that it will allow you to keep valuable property--especially your home and car--which might otherwise be lost, if you can make the payments which the bankruptcy law requires to be made to your creditors. In most cases, these payments will be at least as much as your regular monthly payments on your mortgage or car loan, with some extra payment to get caught up on the amount you have fallen behind.
You should consider filing a chapter 13 plan if you:
You will need to have enough income in chapter 13 to pay for your necessities and to keep up with the required payments as they come due.
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Contact an attorney from Glaser & Ebbs now to answer your questions and help you through the process. Toll-free: (800) 829-2308.