What is Chapter 13 Bankruptcy?

A chapter 13 Bankruptcy is a reorganization for individuals and marital couples. A chapter 13 can be used to stop a mortgage foreclosure and help you work out an affordable plan to save your home. A chapter 13 is also useful if you make too much money to qualify or too many assets to file a chapter 7. A chapter 13 case can consolidate all of your unsecured debts such as credit cards and medical bills in a payment plan that will often be much less than credit counseling or debt settlement services.
If you are considering filing for bankruptcy, I suggest consulting with an experienced bankruptcy attorney.

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