Chapter 13 Bankruptcy

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Chapter 13 Bankruptcy

Chapter 13 bankruptcies are often called the “wage earner’s bankruptcy” because that is what they are: a bankruptcy option for people with a regular source of income. If your income prevents you from filing a Chapter 7 bankruptcy, a Chapter 13 bankruptcy may be a viable option for you.

A Chapter 13 bankruptcy can help you:

Catch up on mortgage or car loan arrears

Keep your valuable assets

Freeze interest rates on non-judgment debt while in your Chapter 13

Based on your income, allows you to discharge your debts remaining at the end of your Chapter 13 payments

Eliminate second mortgages, HELOCs, or judgment liens on your house, if you qualify

Reduce your car payments, if you qualify

If you have disposable income and unmanageable debts, give our office a call today. It could be the first step in getting those debts under control and getting rid of them.