Chapter 13 differs from Chapter 7 in that the debtor remains in posession of their property and starts a repayment plan through the Chapter 13 bankruptcy trustee which she has the exclusive right to propose. In order to file for Chapter 13 you must meet several eligibility requirements including having a regular and steady source of income.
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Our attorneys have been practicing Chapter 7, 11, and Chapter 13 (reorganization) consumer bankruptcy and IRS negotiations for 20 years. We created this site to provide information about filing bankruptcy. Get creditors off your back and start your life new by filing for bankruptcy. It could mean a whole "new start" for you and your family.
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In times when consumer debt is at an all time high, even the affluent can be confronted by overwhelming debt as a result of a loss of a job, death of a family member, or severe illness. Filing bankruptcy will immediately get the creditors off your back. With Chapter 7, most debts are able to be discharged. In Chapter 13, a payment plan can be established. Either way, your financial situation will be greatly improved.
Let us help you decide if bankruptcy is right for you.
Our bankruptcy Lawyer's are here to help you. With our extensive experience in bankruptcy, we know this complicated law well. Our Attorneys have included information on this site to help you decide if bankruptcy is right for you as well as exactly what bankruptcy is. If you have any questions, don't hesitate to contact us.
