Chapter 13 is also called Debt Adjustment. Most of your debts are reorganized into a single monthly payment. The payment will continue for 36 to 60 months. You do not have to repay all of your debt. You pay only as much as you can afford, but the minimum payment may be affected by property you want to keep. When you complete the payments, debt not paid is discharged.
For some people, this is the ideal way to take control of your debt. To find out more about Chapter 13 and how it may work for you, contact me today for a free consultation.
Learn about Chapter 7. |
