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Chapter 13 bankruptcy

Bankruptcy in which a repayment plan is required. Chapter 13 bankruptcy is an alternative used for high asset households and/or to stop a foreclosure process. Contact one of our bankruptcy attorneys today. 

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is complicated and requires in-depth knowledge of bankruptcy law. Ostling and Abbott Bankruptcy Law Office understands the challenges that come with understanding Chapter 13 of bankruptcy, and have the expertise needed to best assist you.

 

Chapter 13 bankruptcy is also known as a wage earner’s plan. It allows individuals with a regular income to create a plan to repay their debts. Under this chapter, debtors create a repayment plan to make installments to creditors over three to five years. If the debtor's current monthly income is less than the applicable state median, the plan will be for three years unless the court approves a longer period. If the debtor's current monthly income is greater than the applicable state median, the plan usually must be for five years. 

 

Our bankruptcy team is available to speak with you and answer your questions toll free at 844-593-4203. You may also send us a message to schedule your free, no-obligation, consultation with an experienced, bankruptcy lawyer.

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