Understanding Chapter 13 Bankruptcy

People who do not qualify for a Chapter 7 bankruptcy or who have significant assets they wish to protect from liquidation may prefer to file for Chapter 13 bankruptcy. In a Chapter 13 bankruptcy, consumers are allowed to repay debts over a three- to five-year debt repayment plan that is authorized by a bankruptcy court judge.

To learn more about Chapter 13 bankruptcy and your rights, contact Golden Law, PC in Fort Wayne, Indiana. We offer a free consultation with an experienced debt liquidation attorney and will explain all of your options to overcome your debt.

Creating A Repayment Plan

With a Chapter 13 bankruptcy, the amount of debt you repay is based on your ability to pay. You pay a portion of your debts over a three- to five-year period and a portion of your debts may be discharged. In many cases, people pay back very little and receive a discharge of the majority of the unsecured debt. Your attorney at Golden Law will work with your particular circumstances to obtain every advantage available to you to achieve the best result.

If you file a Chapter 13 bankruptcy, you can gain additional time to repay your debts and protect your assets from liquidation. A Chapter 13 bankruptcy may allow you to:

  • Stop a home foreclosure
  • Stop auto repossession
  • Put a halt to a wage garnishment
  • Stop creditor harassment

If you are starting to fall behind on your bills or feel you may fall behind in the future due to a change in your economic circumstances, our Indiana bankruptcy lawyers will protect your rights. We will even guide you on how to restore your credit after the filing is complete.

Contact Us For A Free Consultation

If you want to learn more about Chapter 13 or Chapter 7 bankruptcy, contact an experienced bankruptcy attorney at Golden Law, PC. Our law firm has handled more than a thousand bankruptcy and debt relief cases. To schedule your free consultation, call today at 260-440-7634.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.