Chapter 13
Reorganization
There are several steps to take and prepare for Chapter 13 bankruptcy and correctly filing your petition.
Your bankruptcy attorney can help you navigate these steps so you can look forward to completing your repayment plan.
Filing Chapter 13
Your Chapter 13 case will begin when you submit completed documents and a filing fee to your local bankruptcy court. If you have legal representation, your attorney will file your case online.
Debt Consolidation
Chapter 13 bankruptcy, aka “reorganization,” is a legal process which allows you to restructure your debt so it is more manageable based on your finances. When filing, you will submit a proposal to pay your creditors back within a specific time period.
Business closing?
All debt on unsecured claims are frozen the day you file for Chapter 13. This means payments you make to your creditors are used to pay down debt rather than being eaten up by interest and late fees. Your business can stay open and you may be able to keep your home.
Debt is Frozen
Filing bankruptcy stops all debt collection until there is a judgement. This gives you and your bankruptcy lawyer time to decide if there are exemptions to be filed as well.
Chapter 13 gives you some space and time to focus on what is right for you, your family, and your business.
Debt Relief
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- Chapter 7
- Chapter 13
- Foreclosures
- Wage Garnishments
- Free Consultation
The information on this website is for general information purposes only.
Nothing on this site should be taken as legal advice for any individual case or situation.
This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.