Learn About Chapter 13 Bankruptcy

Personal or Business Reorganization Bankruptcy


Pay your creditors and attorneys’ fees over 3 to 5 years without interest!

If you have a job or some source of regular income, but are overwhelmed bydebts you can’t handle, Chapter 13 bankruptcy may be right for you. You can use Chapter 13 bankruptcy to reorganize your debt, force your creditors to accept a reasonable debt repayment plan, and get a fresh financial start. If you’re considering Chapter 13 bankruptcy:

Find an experienced Chapter 13 bankruptcy attorney like me!

The Chapter 13 bankruptcy process should begin well before you enter the bankruptcy courtBankruptcy law can be both complicated and simple–much like a tax law.  It seems rather simple to file a tax return, but when you start breaking down the process it becomes extremely complicated.  You should hire an experienced Chapter 13 bankruptcy attorney to file your bankruptcy. Your family lawyer or someone you found in the yellow pages may not have the necessary familiarity with all of the requirements, schedules, forms, filings, distributions, and deadlines associated with the bankruptcy process. An experienced bankruptcy lawyer can meet with you to assess your financial situation, explain the bankruptcy process to you, and work with you to set up a debt repayment plan that you can live with.

An Experienced Bankruptcy Attorney can help make bankruptcy EASY for you!

Chapter 13 bankruptcy case begins with the preparation and filing of your bankruptcy petition. The Chapter 13 bankruptcy process involves some of the same forms you would file in a Chapter 7 bankruptcy case, and some additional forms and information. In your bankruptcy petition, you are required to list certain personal information about yourself, your spouse, and your family, and you must set forth all of your income, your property (assets), your expenses, and all debts (liabilities). Additionally, you must select the specific exemptions to which you are entitled. Exemptions are statutes that protect your property from your creditors.  As your bankruptcy attorney, I will explain exemptions to you and let you know what property is protected. Once all of this information has been gathered and the petition and schedules prepared your bankruptcy attorney will file your bankruptcy petition.

Bankruptcy law stops creditors from harrassing or suing you.

Shortly after you file your petition, the bankruptcy court clerk will send a notice of your bankruptcy case to all of the creditors you listed on your bankruptcy petition.  After that, your case will be assigned to a bankruptcy trustee, who will review your case. In most cases, the bankruptcy court will also issue an Automatic Stay order. This order prohibits most of your creditors from collecting their debts from you, from repossessing your car or other property, and from starting or continuing any legal actions against you while the bankruptcy case is pending.

4 replies
  1. Sarah Smith
    Sarah Smith says:

    My parents are filing for bankruptcy. I had no idea that filing for bankruptcy can stop creditors from harassing or suing you. My suggestion would be to get a professional bankruptcy lawyer that is local, since they will know the system better.


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