"Chapter 13 Bankruptcy is a quite different animal than Chapter 7. Chapter 13 is used to save assets or if any debtors wages are too high to file for Chapter 7. It could be used to save a treasured heirloom that otherwise may be confiscated by a bankruptcy court. It could be used to payback creditors pennies on the dollar. In many cases it is used in order to save a home, a car, or investment property.

Unlike Chapter 7 Bankruptcy, a Chapter 13 filing sets up a payment plan to repay creditors. Chapter 13 is ultimately a reorganization of personal finances. While Chapter 13 bankruptcy is a step that should not be taken lightly, in many cases a Chapter 13 bankruptcy is the only method of preserving a home, a car, or an overall standard of living.

Every case is specific to its facts. If you feel that you may be a candidate for a Chapter 13, please feel free to fill out a consultation request form under the "Contact Us" tab.