THE PROBLEM

You are back to work after a lay-off or an illness.  Now that you are working, you are ready to catch-up the mortgage, car and credit card payments that fell behind.

You can’t seem to come to a repayment agreement with your creditors.  They want you to become current faster then your budget allows.  No one will work with you.  Although you’re trying to get current, you’re still getting threats of foreclosure and repossession.

A SOLUTION
Chapter 13 could be the solution to this problem.  It enables you to become current by making payments you can afford.

Upon filing Chapter 13, the automatic stay stops all collection efforts including foreclosure, repossession and lawsuits.  If your plan is approved, payments are made to a court appointed trustee who deals with your creditors.  Creditors are forced to accept payments set by the Chapter 13 plan.

Monthly payments are calculated based upon several factors, including the amount of your income and debts and the value of your assets.

The rules are complicated as to who qualifies for Chapter 13.  It offers the opportunity to save your house and car from foreclosure and repossession.  A Chapter 13 payment plan, ranging between 3 and 5 years, offering a fresh start.

TALK TO AN ATTORNEY

Chapter 13 is complicated because there are a lot of rules.  You should talk to a bankruptcy attorney to see if you qualify for this repayment plan.  Fill out our Bankruptcy Inquiry and a bankruptcy attorney will contact you.

Fill out the bankruptcy evaluation form.