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