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Chapter thirteen bankruptcy, normally called reorganization bankruptcy, lets debtors to maintain their assets whilst repaying debts in excess of a few to five years through a court-accredited repayment approach.
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I am a highly trained, compassionate advocate for my clientele, focused on giving personalized, economical bankruptcy options that assist persons attain check here a clean start. I have practiced bankruptcy law for 20 years, and I'll supply you with the answers you need and describe the options accessible to you - including preventing bankruptcy altogether.
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When filing Chapter thirteen, you'll have to submit a proposed payment program. In the end, the court docket will require you to pay for the required debts and get a discharge of suitable debts.
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Chapter 12. This is another court docket-requested repayment program for family members farmers and fishermen to pay back their personal debt while not having to promote off their belongings.
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