Chapter 13
Wage-Earner Reorganization
These days, everyone that is fortunate enough to have a job is doing everything they can to keep it. Sometimes, they do it in spite of the fact that they are strapped for cash and living paycheck to paycheck. Does this sound like the situation you’re facing? Has your debt been mounting with no end in sight? Have creditors been relentlessly calling and harassing you? Are you behind on your mortgage or vehicle loans? Are you working and earning a hard earned check that doesn’t seem to provide enough money to cover your monthly bills? If so, a Chapter 13 wage-earner reorganization plan may be the perfect choice for you.
What does Chapter 13 wage-earner reorganization do for me?
Chapter 13 wage-earner reorganization basically protects your property while reducing your remaining debt and reorganizing it into one monthly payment (lasting between 3 to 5 years). When you file Chapter 13, the U.S. Bankruptcy Court is providing protection on your property (protecting it from foreclosure), and your vehicles (protecting it from repossession). As stated above, a Ch 13 not only protects your property, it reorganizes your remaining debt (including past due child support and recent taxes), and, depending on the amount of income and assets you own, can reduce or eliminate certain unsecured debts such as: overdue utility bills, some tax debt, medical bills, personal loans, medical bills and various others without paying anything.
How do I file for Chapter 13 protection?
One of our attorneys will talk with you to review your income, employment history, the amount and types of debt you possess, as well as your household living expenses. If you qualify, we will prepare the paperwork, develop a repayment plan for your debt, and set your appointment where you will talk with an approved credit counseling service and sign the bankruptcy paperwork. You will be protected from that moment on, as long as you make your monthly payments in a timely manner. After your case has been filed, you will receive a letter from the court providing information as to when and where your court hearing will take place (generally 30 to 40 days after your case was filed). Your attorney will accompany you to your court hearing (which lasts approximately 2 to 5 minutes) to assist with any questions you or the Chapter 13 Trustee may have.
Payments can be mailed directly to the Chapter 13 Trustee by the means of a money order or cashier’s check, or, if you so desire, you may have the monthly payment payroll deducted. One consolidated bill, one monthly payment, equals ease of mind and no creditor harassment.
The information you obtain at this site is not, nor is it intended to be, legal advice.
You should consult an attorney for individual advice regarding your own situation.
We have been designated as a Federal Debt Relief Agency pursuant to 11
USC Sec. 101(12A). We help people file for relief under the Bankruptcy Code.