If you are not eligible for Chapter 7 or you have significant assets you’d like to protect through the bankruptcy process, Chapter 13 may be your best option. Chapter 13 bankruptcy establishes a repayment plan that consolidates debts over a three to five-year period. Creditors cannot collect from you during the term of the plan.
Debts that are generally consolidated in Chapter 13 include mortgage arrears, balances on vehicle loans, student loans, credit card debts and other unsecured debts.
Chapter 13 Bankruptcy may enable us to:
- Stop Foreclosure
- Protect Cosigners
- Save Your Car