CHAPTER 13

Chapter 13 of the Bankruptcy Code provides for adjustment of debts of an individual with regular income. Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years.

Determine how much you’ll pay in Ch. 13.
Know what your intangible assets are and how to preserve them for yourself.
Know what’s subject to liquidation and what isn’t.
Plan for the least amount of asset liquidation.

Chapter 13 plans for the following:

  • High Income (Over $10K Monthly Gross)
  • Chapter 7 Barred
  • At risk of foreclosure due to high delinquency
  • Favorable debt adjustment on car loans, credit card and medical debts
  • Accurate determination of Ch. 13 plan payment at initial consultation