What is Chapter 13?

Chapter 13 Bankruptcy is referred to as a reorganization because you’re given time to reorganize debt and to work out a plan of repayment while under the protection of the court. If you’ve fallen behind on your mortgage or vehicle payments, or other secured debts, or a creditor has filed a lawsuit against you to collect on a debt, we can stop your creditors and their collection agencies or their lawyers by filing for protection under Chapter 13.

A Chapter 13 can stop foreclosures and vehicle repossession. In Chapter 11′s, you’re allowed to keep your assets if you agree to pay your creditors over a period of time. A Chapter 13 even stops I.R.S. collection activities. Under federal law, all collection activities must stop until we file the plan outlining how you intend to deal with each debt.

We prepare a Plan of Repayment and follow through all the way to confirmation. This helps you and your family stay in your home and keep your vehicles. Your monthly payments are determined by your disposable income and the balances you owe on secured arrearages and taxes.