Benefits of a Chapter 13

• Stop mortgage foreclosure and sheriff sales

• Avoid vehicle repossession

• Allows clients to '“cram” secured debt payments, possibly lowering monthly payments and/or interest rates

• Stop wage garnishments

• Stop creditors from harassing you

• Cure your child support arrearage

• Stop IRS levies and resolve tax debts

Who qualifies for a Chapter 13?

Chapter 13 bankruptcy can be a good option for clients who surpass the median income level for a Chapter 7 bankruptcy, clients who want to repay their debts, or perhaps clients who may be facing a mortgage foreclosure or vehicle repossession. Chapter 13 bankruptcy is a reorganization of debt that allows clients to get caught up financially without facing penalties or interest.