Chapter 13 bankruptcy is an excellent tool to consolidate your debts and get you back on track financially. With chapter 13 bankruptcy, you can pay off your financed items like your car and furniture, and get a break on your other consumer debts like credit cards and medical bills, by paying them as low as 10% of the outstanding balances.
Chapter 13 bankruptcy works with your budget to calculate the amount of debt to repay. With chapter 13 bankruptcy, it allows you to pay for your normal monthly living expenses. Any extra you have after you pay these expenses will go into the repayment plan.
Chapter 13 bankruptcy repayment plans can go from 3 to 5 years. In many cases, the consumer debts get no interest, so you can get right down to paying off these debts. Also, in a majority of cases, we can help you save on interest that you pay on your car notes too.
Finally, Chapter 13 bankruptcy is a great tool to stop foreclosure of your home. It allows you to get caught up over 3 to 5 years to get you back on track.
Call us today to see how chapter 13 bankruptcy can help you!