Chapter 13 requires the debtor to pay back secured loans and a percentage of unsecured debt.  A payment plan is proposed to the court where you will have three to five years to pay off the debts.  Chapter 13 is similar to a debt consolidation plan, except with the protection of law. Typically, there are no attorney fees or court fees that must be paid prior to filing.   Chapter 13 may allow you to:

• Stop upcoming home foreclosure
• Lower your car payment and interest rate
• Adjust your creditor relationship
• Pay a percentage of your income to the trustee to pay debts and fees
• Stop Garnishments and Protect Co-Signors
• Be protected by the court while under your payment plan

Contact us today if you have any questions.