Chapter 13 bankruptcy

Chapter 13 bankruptcy is one way that consumers who are struggling with debt can seek relief through the bankruptcy court. Chapter 13 is a popular option for those facing foreclosure, as it can stop the process in its tracks.

If you've fallen behind on bills, filing for bankruptcy under Chapter 13 may allow to you get back on track by reorganizing your debts into one affordable monthly payment. Thousands of people file Chapter 13 bankruptcy each month, and find that it can allow them to keep their homes, cars and other important possessions while dealing with their debts.

Ask a lawyer if filing bankruptcy could help you eliminate your debt and stop foreclosure or repossession of your property . Chapter 13 was designed to stop to foreclosure, repossession, wage garnishments, lawsuits and creditor harassment.

A Chapter 13 bankruptcy allows a filer to consolidate, prioritize, repay, and, in some cases, reduce or eliminate old debt while receiving the powerful protection against creditors. Instead of dealing with multiple creditors and bills, Chapter 13 creates a single repayment plan that is managed by the court.

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