Wednesday, June 4, 2008

What is a Chapter 13?

A chapter 13 bankruptcy is a type of bankruptcy filing in the United States that is commonly referred to as debt reorganization. If an individual can show ability to pay back some or all of their debts, this option may be the way to go. This can help you keep your home and car in a time of financial crisis.

Filing a chapter 13 bk will usually stop any legal actions against you from your creditors. Once you have Chapter 13 protection, they can no longer call you or sue you. It is up to the lawyer to take the calls and correspondence once the chapter 13 option has been chosen.

Get me out of Debt

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