Chapter 13 Bankruptcy

Answer:

In speaking to clients about Chapter 7 or Chapter 13 bankruptcy, they want to know how the Chapter 13 bankruptcy helps them. A Chapter 13 bankruptcy is generally for individuals who have debts that are not dischargeable, such as taxes, student loans, alimony or child support. It’s also for individuals who are having trouble managing their debt, but whose income is too high to file under a Chapter 7 bankruptcy. A Chapter 13 also helps to protect your home from foreclosure or from a share of sale. If you have any questions about whether a Chapter 7 or a Chapter 13 is right for you, please feel free to contact our office.