Indianapolis Chapter 13 bankruptcy attorney

About Chapter 13 bankruptcy

Chapter 13 bankruptcy, often called a “wage earners plan” or “plan of reorganization”, operates differently than a chapter 7. In a chapter 13 “YOU” rather than your creditors develop a repayment plan. The repayment plan lasts over a 3-5 year period at a payment amount you can afford. Unlike a chapter 7 bankruptcy which simply eliminates your unsecured debts and has no payments, a chapter 13 bankruptcy can be a very powerful tool to solve certain types of problems. For instance, a chapter 13 bankruptcy allows an individual to stop foreclosures and cure their delinquent mortgage payments. Chapter 13 also helps with past due taxes, back child support, vehicles in jeopardy of repossession, divorce settlement obligations, and can in many cases eliminate 2nd mortgages while allowing you to retain your home.

Most clients are surprised to learn how affordable a chapter 13 bankruptcy payments can be. If you are in danger of losing your vehicle, home, or your wages are in jeopardy of being garnished you need to learn what a chapter 13 can do for you. The first step in solving any problem is learning what solutions are available. Together we can craft an affordable repayment plan that will protect your property and give you the peace of mind you deserve.

National Association of Bankruptcy Attorneys
American Consumer Bankruptcy College

Indiana Super Lawyer