Chapter 13 Overview
Chapter 13 bankruptcy is an option to stop foreclosure on your home or repossession of other assets. In a Chapter 13 bankruptcy, all of your debt will be consolidated and the bankruptcy court will determine a reasonable amount that you will pay over a three- or five-year period. Your unsecured debt, such as credit cards and medical payments, will not accrue interest while you are paying your Chapter 13 bankruptcy. And don’t worry – I know you’re concerned about being able to pay for bankruptcy representation, but your attorney fees will be included in your monthly payment. This makes it easy to get help without adding further financial burden.
My clients often feel overwhelmed, drowning in bills and being harassed by creditors at all times of the day. I know that your heart stops when you see their phone numbers on your screen. When we work together, I will help you deal with your creditors so you have space to breathe. After we file your bankruptcy, creditor harassment will stop and you can focus on getting back on your feet. I’ll be there with you every step of the way.
To prepare for Chapter 13 bankruptcy, you’ll need the following documents:
- Last two years of tax returns
- Last six months of paycheck stubs for you and your spouse
- Copies of any lawsuits filed against you
- A recent credit report or list of creditors with bills owed
Many times, people choose Chapter 13 because they are behind on mortgage or car payments and approaching foreclosure or repossession. Filing Chapter 13 will stop foreclosure on your home or repossession on your car and allow you to catch up on your payments over a period of time. This is a sure and immediate way to regain some financial freedom so you can get back on track.