What is Chapter 13 Bankruptcy?
What is Chapter 13 Bankruptcy?
Chapter 13 is called “debt adjustment.” In a Chapter 13 case, you are required to make one monthly payment to the Chapter 13 Trustee, to repay some portion of the debt you have. You file a “plan” showing how you will pay off some or all of your past-due and current debts over three to five years. A Chapter 13 is used for individuals or couples with high income, tax problems or face foreclosure.
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Steve Craig, an experienced bankruptcy attorney who has counseled thousands of individuals and businesses on their options since 1990. An expert in both debt settlement and bankruptcy, Mr. Craig, will work with you one-on-one to understand your situation and ensure you understand your debt resolution options.