Should I consider bankruptcy under Chapter 13?

Chapter 13 offers individuals a number of advantages over liquidation under chapter 7. Chapter 13 may help save your home from foreclosure. By filing under this chapter, you can stop foreclosure proceedings and may cure delinquent mortgage payments over time. Mortgage payments that come due during the chapter 13 plan will still need to be made on time. Another advantage of chapter 13 is that it allows you to reschedule secured debts (other than a mortgage for their primary residence) and pay them through a plan. Payments would be made to a chapter 13 trustee who then distributes payments to creditors.
Any individual, even if self-employed or operating an unincorporated business, may be eligible for chapter 13 relief as long as the individual’s debts are within the limits prescribed by the Bankruptcy Code.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.