Chapter 13 bankruptcy is another type of personal bankruptcy usually filed because a person has more income than expenses, or perhaps has non-exempt assets such as too much equity in the residence. This ‘reorganizational’ bankruptcy may also address such debts as mortgage arrears, delinquent vehicle payments, tax debt, and back child support.
A chapter 13 costs $2,500 for a single person or for a married couple. There almost certainly will be additional costs and fees. Any additional costs and fees must be approved by the court to be paid out of the money you send to the chapter 13 trustee. If not approved, I don’t get paid.
Chapter 13s can be very complex with a 3 or 5-year attorney-client relationship.
Call me and we can talk about all that.