Bankruptcy

Chapter 13 Bankruptcy

What are the main effects of filing under Chapter 13?

A repayment plan under Chapter 13 normally extends your time for paying debts. The permitted repayment period usually is from three to five years or. Typically, the amount that you repay under a Chapter 13 plan is determined by the total of your planned monthly payments over three years, given your good faith effort to do the best that you can. A Chapter 13 repayment plan often results in your repaying less than you owe.

>>What does a Chapter 13 bankruptcy involve?
>>What steps do I need to take before filing for bankruptcy?
>>Who can use Chapter 13?
>>What is the proposed payment plan?
>>What is the role of the Chapter 13 trustee?
>>What are the main effects of filing under Chapter 13?
>>Can I save my home and other assets by filing under Chapter 13?




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