What is Chapter 13 bankruptcy?
Answer:
Chapter 13 is an individual reorganization bankruptcy that uses a three- to five-year repayment plan to address debt while the debtor keeps qualifying property.
Chapter 13 is an individual reorganization bankruptcy that uses a three- to five-year repayment plan to address debt while the debtor keeps qualifying property.
Chapter 13 results depend on regular income, secured arrears, priority debts, nonexempt assets, and whether the proposed plan is feasible. A detailed financial review helps determine what the plan must pay.
For guidance tailored to your situation, speak with our Galveston Chapter 13 attorneys.