Chapter 13 bankruptcy

Chapter 13 bankruptcy is also known as reorganizational bankruptcy.  Chapter 13 may be used only by people.  In chapter 13, you prove to the court that your income each month is sufficient to pay regular monthly expenses.  Your 'plan of reorganization' details how you will pay your debts.  As with chapter 7, you are protected by the court from acts by your creditors, i.e. repossession, foreclosure, tax levies, etc.  The chapter 13 process can take 3 to 5 years, depending on your household income and the number of persons living in the home.  First, contact me by phone or e-mail and I'll send you my checklist of items needed to file bankruptcy.  We'll enter into an attorney-client agreement (a contract) detailing what you and I will do.  I'll pull a credit report from Equifax, Experian, TransUnion, and LexisNexis.  We'll have at least two telephone conversations.  First, to build up the petition and plan and second to review.  Your chapter 13 petition is now ready to file.  About 30 days after filing we meet with  the chapter 13 trustee to review your petition and plan.  The court will approve your plan if there are no objections.  
Of course, this is a very simplified synopsis of the chapter 13 process.  Call me today and I'll tell you more!