Chapter 13 bankruptcy is often called a “wage earner’s plan” because you will be required to make payments over a three to five year period before receiving your discharge. Chapter 13 bankruptcy is quite different from Chapter 7 bankruptcy in that Chapter 13 uses your income to pay some or all of your debt to creditors back over time.
A Chapter 13 bankruptcy is typically used in the following situations:
An experienced bankruptcy lawyer will be able to tell you if you qualify for Chapter 13 bankruptcy as well as how this type of bankruptcy will impact your lifestyle.
Meet with Bankrupcy Lawyer Marie Allen for FREE to determine how the law applies to your specific situation. Contact Marie online or call 314-872-1900 to schedule your FREE CONSULTATION today!