A Chapter 13 Bankruptcy is a repayment plan. A Chapter 13 allows Debtors to keep property and pay back a percentage of their debt over a period of 3 or 5 years. It is used for Debtors who have a regular income.

Get your life back on track. A Chapter 13 will stop the harrassment calls by Creditors and stop the interest that is accruing on your unsecured debt.

Upon completion of your plan, your debts are satisfied, and you can start rebuilding your credit.

If you have fallen behind on a home or car payment, filing a Chapter 13 will immediately halt any foreclosure proceeding or repossession. Generally a Chapter 13 is an interest free repayment plan.

When you file a Chapter 13, all of your debt is accounted for in the plan. How much will you have to pay? That depends on your disposable income. Your income and expenses will determine the amount you can afford to pay back to your creditors.

Do you have a second or third mortgage? Depending on the value of your home, your additional liens could be paid back pennies on the dollar.

A Chapter 13 is also useful for individuals who are in need of help paying back debt that is NOT dischargeable in Bankruptcy such as taxes, back child support, or tollway violations.