Chapter 13 Bankruptcy
A Chapter 13 bankruptcy is a wage earner repayment plan. It is designed for individuals with regular income who can pay all or part of their debts in installments over a period of time. You will be required to propose a plan to the Court which will repay your creditors a pro-rata share of your disposable income over the next 3-5 years. Both the amount you are required to pay and the period of repayment will depend upon your income, the type of debts, and many other factors.
Your proposed plan must be recommended for confirmation by the Trustee appointed to your case and approved by the Court. You must complete your plan in order for your remaining debts to be discharged. Our attorneys will work closely with you to determine your expenses, income, and obligations and propose a plan that will be successful for your long term financial life.