Chapter 13 is a bankruptcy designed for individual debtors who have some regular flow of income and are seeking an adjustment of their debt. Chapter 13 bankruptcy is used primarily for people with mortgage, maintenance, automobile, or tax debt who wish to keep their assets, yet need the time to stretch out their financial obligations over a maximum of five years.
Chapter 13 bankruptcy is a powerful tool to help individuals manage financial distress. When filing for this form of bankruptcy, you have several options to consider, and our Chapter 13 attorney can help you make the best decision regarding your case. When you meet with an attorney, you will be given professional legal advice and guidance so that you know how best to approach filing for bankruptcy.
]Since the process can be quite complex, varying with your financial status, including assets, liabilities, income and expenses, it is best to consult with our Chapter 13 attorney to ensure that you have appropriate legal representation throughout the process. You need to be well informed about how the legal proceedings will unfold.